MINNEAPOLIS - May 01, 2015 - (BUSINESS WIRE) - ABRA Auto Body & Glass, a leading national damaged vehicle repair company, announced sizable expansion today with a move into the Philadelphia, Pennsylvania and Delaware market. The growth is the result of the acquisition of 12 Keenan Auto Body locations. Details of today’s deal were not disclosed.
The expansion establishes ABRA’s first presence in this region. The bold move into the Northeast signals the company is not backing down from its plan to be an industry leader in major markets around the country. With the acquisition of such a dominant and reputable multi-shop operator, ABRA is positioned for substantial success and considerable growth throughout the region.
ABRA’s President and Chief Executive Officer, Duane Rouse says the outstanding leadership and operational strength that Keenan Auto Body developed over the years is key for ABRA as it enters uncharted territory in the Northeast. “We are carefully considering our approach as we enter new markets, especially ones as sizable as Philadelphia. The purchase of a brand with such well-established history and strength as Keenan, creates exciting opportunities for us as we seek to establish and further develop ABRA’s presence in the region.”
ABRA plans to build on the extensive relationships Keenan has established in the market. President and Chief Operating Officer of Keenan’s, Mike LeVasseur says, “This is a tremendous opportunity and I am excited to continue to grow the deep relationships we’ve developed in the community. Our business partners and customers have been instrumental in our success and we look forward to continuing to serve them with ABRA.”
FOCUS Investment Banking, LLC acted as advisor to Keenan in connection with the transaction.
As it plans to continue expanding in the months and years ahead, ABRA is actively seeking new opportunities to acquire repair centers and integrate them into its industry-leading operating system. Interested parties in major markets should contact Scott Gerling, Vice President of Corporate Development (firstname.lastname@example.org or 763.585.6210).
For franchise opportunities in small and midsize markets contact Mark Wahlin, Vice President of Franchise Development/Relations (email@example.com or 763.585.6210).
ABRA is committed to conducting business based on responsible business practices including implementation of environmentally sustainable initiatives, health and safety, and a commitment to the communities in which it serves.
Founded in 1984 and headquartered in Brooklyn Park, Minnesota, ABRA is a leading provider of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA’s mission is to be the best auto body and glass company in America by providing quality repairs, in a timely manner, with friendly, helpful service. For more information about ABRA visit www.abraauto.com
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