MINNEAPOLIS, MN – (August 28, 2014) – ABRA Auto Body & Glass, (“ABRA”), a leading national damaged vehicle repair provider, and its principal owner, Palladium Equity Partners, LLC (“Palladium”) closed today on the acquisition plans announced earlier this month for ABRA to be acquired by affiliates of Hellman & Friedman, LLC (“H&F”) and ABRA’s senior management team. Terms of the transaction were not disclosed.
ABRA is one of the country’s largest and most-respected multi shop repair operators in collision repair, paintless dent removal, and auto glass repair and replacement. The company uses an operational excellence philosophy that significantly improves its operating metrics, distinguishing it from competitors and making it a preferred option for insurance carriers and vehicle owners.
ABRA’s nationwide network includes 191 company-owned vehicle damage repair centers and 49 franchised centers in 19 states.
“Growth has always been part of our key strategy,” said Duane Rouse, president and chief executive officer of ABRA Auto Body & Glass. “Hellman & Friedman aligns well with ABRA’s vision for the future and their sophisticated knowledge of the insurance and automotive service industry will play an important role in helping us evolve to the next stage. Our entire team is excited about the long-term growth opportunities ahead as we broaden our reach and expand our national footprint.”
About ABRA Auto Body & Glass
Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a recognized leader in collision repair, paintless dent removal, and auto glass repair and replacement with 191 company-owned vehicle damage repair centers and 49 franchised centers in 19 states. ABRA distinguishes itself by providing a solution that enables its insurance company partners to substantially improve customer satisfaction and drive policyholder retention, while simultaneously reducing repair costs and driving efficiencies in the claims management process. For more information about ABRA, visit www.abraauto.com.
ABRA Auto Body & Glass