RICHMOND, Va. — ABRA Auto Body & Glass, owned by Palladium Equity Partners LLC, has been sold to Hellman & Friedman LLC (H&F), according to a press release.
Harris Williams & Co. served as lead advisor on the transaction. Frank Mountcastle, the company’s managing director, said in the release that investor interest is strong in the automotive aftermarket.
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“The ABRA transaction exemplifies this interest – strong organic growth trends combined with a highly fragmented marketplace that is ripe for consolidation continues to be a compelling investment thesis in the market,” said Mountcastle.
ABRA was founded in 1984 and specializes in collision repair, paintless dent removal, and auto glass repair and replacement. It has 48 locations throughout 19 states, stated the release.
H&F is a private equity investment firm, founded in 1984.
