Collision repair shop operators combined organization will have more than 550 locations in 35 states. Crash Champions announced today that it has entered into an agreement to receive a growth investment from Clearlake Capital Group, L.P. and will simultaneously execute a strategic transaction with Service King Collision to merge the two large collision repair center […]
Service King Opens Collision Repair Center in Chicago
Service King Collision announced the opening of a new collision repair center at 2738 West Fulton St. in Chicago, Ill. Located just east of Garfield Park, the 22,000-square-foot collision repair center is Service King’s 35th facility in Illinois. “We’re proud to introduce our industry-leading auto repair services to Chicago and its surrounding communities,” said Service […]
Service King Unveils its First-Ever LEED-Certified Collision Repair Facility in San Antonio
Service King’s comprehensive approach to sustainability and emphasis on strategies for environmental and health performance was brought to life through its first Leadership in Energy and Environmental Design (LEED)-certified facility in the San Antonio, Texas market. Located at 7507 W. Loop 1604 N. in Alamo Ranch, the new 13,600-square-foot body repair shop features a LEED […]
Service King Reaches Agreement with Financial Stakeholders to Recapitalize Business
Clearlake Capital Group assumes majority ownership. MSO receives $200 million new capital injection, reduces net indebtedness by over $500 million. Service King today announced its entry into a comprehensive agreement with key financial stakeholders that will provide the Company with new capital, reduce debt, extend remaining existing debt maturities, and position Service King to increase […]
Service King Reported Near Deal with Bondholders on Debt Relief
Collision repair chain reported close to deal that could cede control to its bondholders. Service King Collision Repair Centers, the consolidator with over 330 collision repair centers in the U.S. in more than 20 states, may be nearing a deal with bond holders to ease its debt load according to a report by Bloomberg based […]
Service King Reported in Talks to Restructure Debt
The Wall Street Journal reported that Service King Collision Repair Centers, the consolidator with over 330 collision repair centers in the U.S. in more than 20 states, has begun talks with creditors to restructure its debt. According to the article, Service King is in talks with lenders seeking to restructure a $775 million term loan […]
Peter Hunt Named Chief Financial Officer at Service King
Service King announced that the company has hired Peter Hunt as its new chief financial officer (CFO). Hunt joins Service King with decades of experience at the C-Suite executive level. His background includes developing strategic direction, leading operations and managing financial organizations for publicly traded commercial airlines such as Virgin America and Pinnacle Airlines, where […]
Service King Funds Provides $30,000 in School Grants Through Collision Repair Education Foundation
Service King supported the Collision Repair Education Foundation and the industry at-large by donating $30,000 for distribution between three schools’ collision education programs through the Service King Way Grant: In Honor of Mario Malacara. “We all must play a part in growing talent in the collision industry, and Service King remains committed to doing so,” […]
Service King Opens New Collision Repair Center in Deer Park, Illinois
Service King Collision announced its newest collision repair center at 20168 N. Rand Road in Deer Park, Ill. is now open. Construction of the 11,200-square-foot autobody repair facility was announced in September. The facility is Service King’s 34th facility in Illinois, and they operate more than 300 locations systemwide. “We’re proud to introduce our industry-leading […]
Jaime Jaramillo Named Chief Information Officer at Service King
Service King announced the addition of Jaime Jaramillo as its new chief information officer (CIO). Jaramillo joined Service King in June with nearly 20 years of experience as CIO for leading consumer products companies. Over his career, Jaramillo has worked for PepsiCo, Frito Lay, Borden Dairy, Belcorp and Varsity Brands, holding international and U.S. positions […]
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