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 […]
Abra Acquires Collision Repair Center in Maryland
Abra Auto Body Repair of America announced the addition of a new repair center in Aberdeen, Md. The acquisition of T&S Auto Body’s 9,800 sq. ft. collision repair center, located at 1110 S Philadelphia Blvd, closed yesterday. T&S has been operating in the same location for more than 40 years. “We look forward to introducing […]
Abra Completes Acquisition of Cooks Collision
Abra Auto Body Repair of America announced that its acquisition of 38 Cooks Collision repair locations closed on Friday, Oct. 26. The acquisition of Cooks is Abra’s largest single transaction in its 34-year history, and marks the company’s entry state of California. Abra first entered the West Coast region in 2013 with acquisitions in Washington […]
Abra Acquires Cooks Collision
Acquisition of nearly 40 collision repair centers marks Abra’s entry into California market. Abra Auto Body Repair of America has acquired California-based Cooks Collision and its 38 collision repair centers located in both Northern and Southern California. The acquisition marks Abra’s entry into the California market. Cooks Collision is the fifth largest independent collision repair […]