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
Was this article valuable?
Here are more articles you may enjoy.
Charges Dropped Against ‘Poster Boy’ Contractor Accused of Insurance Fraud 
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims 
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings 
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.