Safelite and Southern Glass Agreement a 'Business
November 15, 2012
by Casey Neeley, firstname.lastname@example.org
Safelite Group announced today that it has reached an agreement
to acquire a majority of the vehicle glass division assets of Southern
Glass & Plastics. Safelite officials anticipate finalizing the deal
by Saturday, November 17 at 12:01 a.m.
"While much of our growth has come organically from expanding the
company's existing sales and profit base, we've also had various
strategic, targeted acquisitions in the last several years," says
Tom Feeney, president and CEO of Safelite Group. "We expect that
Southern Glass's clients, customers, business partners and employees
will benefit from our commitment to be the leader in the vehicle
Alan Epley, owner of Southern Glass and Plastics, told glassBYTEs.com/AGRR
magazine, "This was a business decision for me. I'm 65 years old
and I've been in auto glass for 35 years; it was time to retire.
I've been very impressed with how professionally Safelite has handled
the acquisition and I feel that our employees are in good hands."
"Even though we have been healthy competitors in the past, Safelite
offered the best option for me and my employees, particularly in
today's challenging economic times," says Epley. "I look forward
to my upcoming retirement after the transition period."
The Southern Glass acquisition marks the second time this month
that Safelite has acquired a company whose management served on
the board of the Independent Glass Association (IGA) following the
purchase of Klein-Dickert
Co. Inc. November 1.
Epley currently serves as the president for the IGA.
"Alan has served the IGA board extremely well during his tenure;
he is a true Southern gentleman," says Rick Rosar, owner of Rapid
Glass and treasurer for the IGA. "Alan is a highly respected individual
and has assisted and educated many of us in the AGRR industry during
his 36 plus years of experience. The next president of the IGA,
whom we will announce very soon, will definitely have some big shoes
to fill. The IGA has strengthened and become more united during
Alan's presidency. The IGA board wishes Alan well and the best of
luck in whatever direction life takes him."
"As a personal friend of Alan's, I will miss his enthusiasm and
the "matter of fact" way he approached our industry issues," continues
Rosar. "Alan was definitely an 'all-in' kind of guy. I will also
miss the way Alan would always address me with 'sir' and 'Mister'you
don't hear that very often these days. Alan has a wonderful family
and beautiful relationship with his loving wife. Hopefully he will
have more time to travel, which I know he loves, and be able to
spend a little more time on the golf course."
After the agreement is finalized, Epley will remain with the company
as a consultant during the transition period until retirement. General
manager David Packett will also aid in the transition.
This story is an original story by AGRR™ magazine/glassBYTEs.com™. Subscribe to AGRR™ Magazine.
Subscribe to receive the free e-newsletter.