The Carlyle Group announced that it has completed the previously announced acquisition of National Accident Repair Services PLC (NARS), the collision repair and accident administration service provider in the UK. Following approval by the High Court of Justice of England and Wales, NARS has made an application to the London Stock Exchange for the cancellation […]
Carlyle Group Makes Offer for Nationwide Accident Repair Services
UK-based operator of more than 70 collision repair centers, mobile and glass repair businesses and network services makes agreement with Carlyle subsidiary valuing the company at nearly $64 million. The board of Nationwide Accident Repair Services plc (NARS), the UK-based accident repair and management company, announced an agreement for Canaveral Bidco Limited (CSP Bidco), a […]
Carlyle Sells Majority Stake in Service King
Two years after acquiring the multiple shop operator, the Carlyle Group is selling a majority stake to the private equity firm Blackstone Group LLP that reportedly values the business at $650 million. Service King Collision Repair Centers announced that private equity funds controlled by Blackstone (NYSE: BX) will recapitalize one of the largest independent U.S. […]
The Carlyle Group to Acquire Service King Collision Repair Centers
The investment firm The Carlyle Group, together with management and employees of Service King Collision Repair Centers, announced they will acquire majority ownership in the chain of auto body repair shops. Founder Eddie Lennox will retain a significant ownership stake in Service King. Chief Executive Officer Cathy Bonner will become Chairman representing Lennox on the […]