RICHMOND, Virginia — Gridiron Capital LLC has purchased Dent Wizard International, a portfolio company of H.I.G. Capital, according to a press release.
Harris Williams & Co. advised Dent Wizard on the sale, noted the release.
“Dent Wizard represents another marquee transaction in the aftermarket services sector,” added Joe Conner, a managing director at Harris Williams & Co., in the release. “As the lead advisor on Dent Wizard along with other recent transactions like Caliber Collision Centers, ABRA and Mister Car Wash, we have seen firsthand the tremendous appetite for deals in this sector. The compelling combination of steady, long-term growth combined with a highly fragmented industry has consistently proven to be an attractive investment thesis.”
Dent Wizard provides automotive reconditioning services in North America, stated the release. Services include dent and ding repair, headlight restoration, paint chip repair, seat repair, hail damage repair and more.
The company is headquartered in Missouri and provides its services to more than 5,000 customers including dealerships, rental car companies, auctions and insurers, reported the release. It was founded in 1983.
Gridiron Capital is headquartered in Connecticut, shared the release. It focuses “on creating value by acquiring and building middle market manufacturing, service and specialty consumer companies in the U.S. and Canada.”
Click here to read the entire release.
