The Clairus Group recently made a move to strengthen its position in the U.S. market. It established a partnership with LRST, a U.S .based management company that provides strategic management and M&A services to Clairus Group on an exclusive basis, according to the company. With this move comes an acquisition as the company has acquired a majority stake in Ohio-based, Advanced Auto Glass, from Christina Pattakos, who acquired the business from her father in the early 2000’s and who remains a key partner and shareholder.
Advanced Auto Glass has 9 in-bay locations, a fleet of 30 mobile service units and a distribution warehouse serving northeast Ohio, western Pennsylvania, and northern West Virginia. The acquisition gives Clairus entry into the Midwest and Great Lakes markets.
“We were interested in expanding our footprint, and …, we wanted to make advances in technology and update how we run our day-to-day operations. The Clairus Group was the perfect fit for our company as they bring so many opportunities to the table for our customers and employees, especially in the area of technology,” said Pattakos, Advanced Auto Glass president and CEO.
LRST’s goal is to identify and close on opportunities in business segments, including automotive glass distribution, replacement and claims management for Clairus Group. Previously the company shared its interest in expanding its presence in the States, and this new transaction is a step in the right direction for Clairus.
“Their [LRST’s] knowledge and understanding of the U.S. market complements our M&A team and provides the added market knowledge to expand our operations more rapidly and accelerate our growth strategy,” said Marc Desmarais, Clairus CEO and president.
LRST also finds the new agreement promising.
“Our partnership allows us to engage with and execute on opportunities with existing enterprises wherever they are located, bringing cutting-edge claims technology that is greatly needed in the U.S. market,” said by the three (Jim Latch, Jerry Ray and Marc Talbert) , managing and founding partners at LRST.