ABRA Auto Body & Glass announced a definitive agreement to acquire 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Details of the agreement were not disclosed. The announcement is a strategic move underscoring ABRA’s ongoing and aggressive growth plan across the nation.
Kadel’s Auto Body, an investment managed by KCB Private Equity of Pasadena, Calif., is a regional auto body provider in the Pacific Northwest. ABRA states that the company’s geographic footprint and insurance company relationships have enabled it to provide consistent service, quality, quick turnaround times and convenience for customers.
The transaction will significantly expand ABRA’s footprint in the region.
“Kadel’s Auto Body has been servicing insurance partners and community members for over 60 years,” said ABRA President and CEO Duane Rouse. “Their commitment to superior customer service and a quality repair echoes ABRA’s way of doing business. As we enter these new markets, we look forward to continuing Kadel’s legacy within the community while introducing ABRA’s innovative service model.”
Added Don Braden, president and CEO of Kadel’s Auto Body, “This is a great cultural fit and a tremendous opportunity for our employees. We’re pleased to align ourselves with such an established, well-respected national collision repair company like ABRA that shares the same culture of ethics, integrity and teamwork.”
The transaction is expected to close within the coming weeks. Harris Williams & Co. served as the exclusive financial advisor to Kadel’s. KCB Private Equity invested in Kadel’s in 2007. The transaction is subject to customary closing conditions, and the sale terms are undisclosed.
