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 […]
Service King Partners with UTI on Diversity, Equity & Inclusion Program
Service King Collision is partnering with Universal Technical Institute to implement diversity, equity and inclusion (DE&I) training for its leaders and team members. The collision repair facility operator has created changes within the organization that will leverage external partnerships and resources to build a diverse talent pool and develop an engaging candidate experience. To further […]
Service King Reported in Cash Crunch as Pandemic Continues to Impact Sales
According to an article in Bloomberg, Service King has warned its lenders that dwindling cash is casting doubt on its ability to pay debt and continue as a going concern. The business news publisher cites anonymous sources familiar with the company’s financial results indicating that lower sales compared to pre-pandemic levels is impacting the company’s […]
Service King Donates $45,000 to Cornerstone Ranch
Charity golf tournament donations support residential community created for adults with special needs. Service King Collision is carrying onits tradition of supporting local communities by fundraising for various organizations at its annual Charity Golf Tournament. On Oct. 12, Service King held its 26th annual Charity Golf Tournament at the Cowboys Golf Club, where 144 golfers […]
Service King to Open Collision Repair Center in Deer Park, Illinois
Service King Collision announced it recently began construction on an 11,200-square-foot collision repair facility, located near the intersection of Rand Road and Lake Cook Road. The facility is planned to open in November. “With 45 years of experience leading the automotive repair industry, Service King is proud to extend its services to Deer Park and […]
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