ABRA Auto Body & Glass has finalized its agreement to acquire 23 Kadel’s Auto Body locations in Idaho, Oregon and Washington. Terms of the acquisition were not disclosed.
Nomura arranged financing for the transaction. Harris Williams & Co. served as the exclusive financial advisor to Kadel.
“Over the past several years we have worked tirelessly to increase our national footprint and are all very proud of how far we’ve come,” says Duane Rouse, ABRA president and CEO. “Growing to 310 repair centers is no easy feat and reaching this milestone through the acquisition of such a well-respected operator as Kadel’s makes today especially rewarding. We look forward to expanding the already extensive footprint and strong insurance partnerships that Kadel’s has established in the region.”
Don Braden, former president and CEO of Kadel’s Auto Body, adds: “Our employees, our leadership, all of us at Kadel’s look forward to the great things to come as a result of our alignment with ABRA. The common vision that we share will allow us to continue the legacy that we’ve established while introducing the innovative service model that has made ABRA well known throughout the collision repair industry.”