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MSO’s acquisition of 12-shop operation gives it presence in Philadelphia, Pa., and Delaware market.
ABRA Auto Body & Glass announced it has acquired 12 Keenan Auto Body locations in the Philadelphia, Pa., and Delaware market.
The expansion establishes ABRA’s first presence in this region. The MSO calls it a “bold move into the Northeast” that “signals it is not backing down from its plan to be an industry leader in major markets around the country.”
“We are carefully considering our approach as we enter new markets, especially ones as sizable as Philadelphia,” said ABRA’s President and CEO Duane Rouse. “The purchase of a brand with such well-established history and strength as Keenan, creates exciting opportunities for us as we seek to establish and further develop ABRA’s presence in the region.”
Added Mike LeVasseur, president and COO of Keenan, “This is a tremendous opportunity and I am excited to continue to grow the deep relationships we’ve developed in the community. Our business partners and customers have been instrumental in our success and we look forward to continuing to serve them with ABRA.”
FOCUS Investment Banking, LLC acted as advisor to Keenan in connection with the transaction.
As it plans to continue expanding in the months and years ahead, ABRA is actively seeking new opportunities to acquire repair centers and integrate them into its operating system. Interested parties in major markets should contact Scott Gerling, vice president of corporate developmen, at [email protected] or (763) 585-6210.
For franchise opportunities in small and midsize markets contact Mark Wahlin, vice president of franchise development/relations at [email protected] or (763) 585-6210.