ABRA Auto Body & Glass, a national damaged vehicle repair provider, and its principal owner, Palladium Equity Partners, LLC announced a definitive agreement for ABRA to be acquired by affiliates of Hellman & Friedman, LLC along with ABRA’s senior management team.
ABRA’s nationwide network includes 186 company-owned vehicle damage repair centers and 48 franchised centers in 19 states.
The transaction is expected to close in the third quarter of 2014 and is subject to customary conditions.
Harris Williams & Co. acted as advisor to ABRA in connection with the transaction. Greenberg Traurig LLP and Simpson Thacher & Bartlett LLP served as legal advisors to ABRA and Hellman & Friedman, respectively.
Source: ABRA Auto Body & Glass
Was this article valuable?
Here are more articles you may enjoy.
Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings 
Toyota Executive Lashes Out at US Regulations Promoting EV Sales 
PE Firm Cornell Sued Over $345 Million Instant Brands Dividend 
KBRA Says Florida Insurers Will Weather Helene and Milton; Cat Fund Can Handle Payouts 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.