ABRA Auto Body & Glass Acquires Three Locations in Atlanta, Georgia
7 June 1999
ABRA Auto Body & Glass Acquires Three Locations in Atlanta, Georgia
MINNEAPOLIS--June 7, 1999--ABRA Auto Body & Glass, LLC, the nation's leader in damaged vehicle repair, today announced it has successfully completed its acquisition of the Crown Collision Centers of Lilburn, North Fulton and Suwanee, (suburbs of Atlanta, Georgia).Crown Collision Centers, formerly owned by Linda and David Prance, was founded in 1994 in Lilburn, GA and within five years they have added the two additional locations.
David Prance stated, "I believe the key to our success has been our organization's dedication to our customers. When Linda and I made the decision to sell our company we interviewed many of the industry consolidators. After meeting with ABRA our search ended, we knew ABRA was the perfect fit."
"We needed to know that our employees would be taken care of in the future. ABRA's benefits and career opportunities surpass anything we could have offered them. During the acquisition process ABRA's approach was organized, proficient and fair. I had a good feeling that ABRA was the right choice," said Linda Prance.
Founded in Minneapolis, MN, in 1984, ABRA Auto Body & Glass, LLC is a full service collision repair, paintless dent repair and auto glass replacement and repair company. With the acquisition of the Crown Collision Centers, ABRA now operates 70 collision repair facilities in 12 states. The addition of these three locations is consistent with ABRA's strategy to further expand its presence in the Atlanta, Georgia market.
ABRA acquired its first location in the Atlanta market in August of last year, and now has nine shops. According to Rollie Benjamin, President and CEO of ABRA Auto Body & Glass, "These three shops further enhance our position as an industry leader. We are proud to partner with this proven collision repair provider."
Tim Adelmann, Vice President and COO of ABRA Auto Body & Glass went on to say, "The addition of these three locations strengthens our competitive position with the broader coverage in the Atlanta market."
Terms of the acquisition were not disclosed.
About ABRA Auto Body & Glass, LLC
ABRA Auto Body & Glass, LLC provides repair services for damaged vehicles featuring full service collision repair, paintless dent repair, and auto glass replacement and repair. A leader in a consolidating industry, ABRA is capitalizing on its well developed infrastructure to pursue an aggressive growth strategy. Utilizing a combination of acquisitions, and new construction in large markets and franchising in smaller markets, ABRA expects to grow to over 200 locations during the next three years. Privately held, ABRA employs over 800 and operates 70 locations in 12 states. The principle stockholders are Rollie Benjamin, Tim Adelmann , GE Capital Corporation and Firemark Advisors, Inc. Calls are encouraged and welcome. Rollie Benjamin (CEO), Tim Adelmann (COO), and Duane Rouse (CFO) can be reached at (612) 561-7220. E-mail can be sent to pr@abraauto.com.