ABRA Auto Body & Glass Acquires Four More Locations in Two States - Illinois and Utah

MINNEAPOLIS, MN – (December 28, 2012) – ABRA Auto Body & Glass, a Minnesota-based vehicle repair company and industry leader, continued its growth-filled year by announcing the acquisition of four more repair centers in two states increasing its new center total in 2012 to 27.

In two separate transactions announced today, ABRA acquired three Collision Plus Auto Body Repair Centers in Southern Illinois just outside St.Louis, Missouri and Ogden Auto Body in Utah. The deals boost ABRA’s repair center portfolio to 136 and expands its national footprint to 15 states.

“This is our 16th acquired center of the year and our first step into Illinois and the St. Louis market,” said Duane Rouse, President and Chief Executive Officer of ABRA. “We have also added seven new franchises and developed four corporate centers this year for a total of 27 new centers added to our system in 2012.”

ABRA’s new Midwest repair centers are located just outside St. Louis, Missouri in the Southern Illinois cities of Swansea, Glen Carbon, and O’Fallon. “Customer satisfaction has been our number one priority,” said Nick Gojmeric, founder and owner of Collision Plus Auto Body Repair Centers. “ABRA’s commitment to its customers while valuing a culture of ethics, integrity and teamwork makes it the perfect company to acquire our business.” Symphony Advisors acted as advisors to Collision Plus Auto Body Repair Centers to help complete the deal.

“For more than 70 years, our repair center has been a trusted part of the community,” said Tom Baur, owner of Ogden Auto Body. “We know ABRA will continue the commitment we’ve made to superior service over seven decades in business.”  The new Ogden location will be ABRA’s 5th repair center in Utah.

ABRA expects to continue expanding in the years ahead and is actively seeking new opportunities to acquire repair centers to its industry leading operating system as part of its aggressive national growth plans in major markets. Interested parties should contact Louis Berezovsky, Executive Vice President and Chief Financial Officer (lberezovsky@abraauto.com or 763.585.6205).

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 we work.

600450 ABRA Auto Body & Glass Acquires Four More Locations in Two States - Illinois and Utah glassonweb.com
Date: 8 January 2013
Source: www.abraauto.com

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