Post Time:Jul 01,2013Classify:Company NewsView:345
Collision repair heavyweight ABRA Auto Body and Glass, a leading national vehicle repair company and one of the country’s fastest growing multi-shop operators, announced today the acquisition of Royal Auto Glass in Indianapolis, Indiana.
ABRA purchased Royal Auto Glass for undisclosed terms from owner Steve Hoyt who founded the business and offers more than 20 years of auto glass industry experience. The company has a rich history in the area and a well-established reputation with local residents and corporate partners.
President and CEO of ABRA, Duane Rouse, spoke of the new glass asset as an important part of an ambitious growth strategy to acquire repair centers and glass companies like Royal Auto Glass. The deal is a critical element to expanding ABRA’s operations in the Indiana market.
“We are in the process of delivering on our promise to better serve our customers and insurance partners across the country,” Rouse said. “This transaction reinforces our commitment to operational excellence, our determination to acquire top facilities, and gives us a significant competitive edge.”
Royal Auto Glass’ owner Steve Hoyt will join ABRA and assume a leadership role in the company to maintain and manage auto glass operations in the Indianapolis market. Hoyt stated, “This is a great cultural fit and an exceptional opportunity for our employees. ABRA has all the ingredients of a successful company – integrity, a culture of ethics, a well-respected reputation, and teamwork with a strong focus on customer service.”
ABRA’s growth strategy shows no signs of slowing and epitomizes why ABRA is gaining strength and quickly becoming an industry giant. The company now operates 49 independently-owned franchises and 124 company-owned locations for a total of 173 repair centers in 17 states.
ABRA plans to continue expanding in the years ahead and is actively seeking new opportunities to acquire collision and glass repair centers and integrate them into its industry leading operating system as part of its aggressive national growth plans in major markets. Interested parties should contact Scott Gerling, Vice President of Corporate Development (sgerling@abraauto.com or 763.585.6210).
For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development and Operations (mwahlin@abraauto.com or 763.585.6315).
ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which they serve.
About ABRA Auto Body & Glass
Founded in 1984 and headquartered in Brooklyn Center, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com
Source: http://finance.yahoo.com/news/abra-expands-auto-glAuthor: shangyi