Adds new centers in Georgia, Iowa, Minnesota and Montana. ABRA Auto Body Repair of America announced the addition of four new collision repair shops to its network. The new facilities include: ABRA Woodstock in Woodstock, Ga., ABRA Billings in Billings, Mont., ABRA Duluth in Duluth, Minn. and ABRA North Liberty in North Liberty, Iowa. The […]
Driven Brands Files for Initial Public Offering
Driven Brands Holdings filed on December 22 with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. Rennaissance Capital said, however, the deal is likely a placeholder for an IPO we estimate could raise up to $600 million. Driven Brands franchise network has 4,100 locations across […]
Driven Brands Hosts Joint Virtual Summit for ABRA, CARSTAR and Fix Auto USA Collision Repair Brands
For the first time, Driven Brands family of collision repair companies will gather virtually for its 2020 convention – themed UNIT3D. “Our goal is to create a united group of brands that collectively help build our business and drive our success,” said Dean Fisher, president of the Driven Brands Collision Group. “This virtual summit is […]
Driven Brands Acquires ABRA Franchise Subsidiary
Michael Macaluso named president of Driven Brands new Collision Vertical, Dean Fisher named president of CARSTAR. Driven Brands today announced its acquisition of ABRA Automotive Systems LP, the franchising subsidiary of ABRA Auto Body Repair of America (ABRA). The move adds 55 franchised collision repair facilities to the collision repair portfolio of Driven Brands. The […]
Penfund Announces $150 Million Investment in Caliber
Penfund, the Toronto, Canada-based provider of junior capital to middle market companies in the US and Canada, announced it completed of a $150 million second lien debt investment in Caliber Collision Centers as part of a small club of lenders providing a $600 million second lien credit facility. The proceeds of this facility, together with […]
Caliber and Abra Merger Closes
Combined company operates more than 1,000 collision repair centers in 37 States and District of Columbia. Caliber Collision Centers and Abra Auto Body Repair of America today announced the closing of their merger that was announced in December. “Caliber and Abra have very similar leadership philosophies and cultures. Combining these two world-class organizations will allow […]
Big 4 Collision Repair MSO Location Growth in North America Exceeds Last Year
The Caliber-ABRA merger focuses attention on the large MSO growth. With more than three weeks left in 2018, ABRA, Boyd, Caliber and Service King have already grown their total number of locations at both a higher unit and percentage growth rate compared to last year. With ABRA’s announcement on December 4 that its latest acquisitions […]
Caliber and Abra Announce Merger
Combined company will operate more than 1000 collision repair centers in 37 states. Caliber Collision and Abra Auto Body Repair of America today announced a definitive merger agreement. The combined collision repair facility operator will have more than 1000 locations. Just yesterday, Abra announced it had acquired its 400th location. “This combination will allow us […]
Abra Acquires Two Collision Repair Centers in Tennessee
Multiple shop operator now has 400 locations in 28 states. Abra Auto Body Repair of America announced the acquisition of two new repair centers in Seymour and west Knoxville, Tenn. that brings Abra’s national footprint to 400 centers in 28 states. The acquisition of Walker’s Collision Repair, represented by Kingsmoor Advisors, closed last Friday. Established […]
Abra Acquires Two Collision Repair Centers in Ohio
Abra Auto Body Repair of America announced the acquisition of two new collision repair centers in the Cleveland, Ohio suburbs. Located Bedford Heights and Euclid, the Mayfield Collision Centers were acquired in a transaction that closed last Friday, November 9. Established in 1989, Mayfield was named one of 10 Top Body Shops in 2014 by […]