ABRA to be Acquired by Senior Management Team and Hellman & Friedman
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
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