Private Equity Firm to Acquire Hudson's Collision
Aug. 26, 2019—TSG Consumer Partners (TSG), a private equity firm focused on the branded consumer sector, has signed a definitive agreement to acquire a majority stake in Joe Hudson’s Collision Centers (JHCC) from Carousel Capital.
Hudson's Collision Centers operates in nine states throughout the southeast portion of the U.S. and has 102 locations spread throughout Alabama, Mississippi, Tennessee, Georgia, Florida, Kentucky, North Carolina, Virginia, and Texas. FenderBender MSO Project columnist and management conference speaker D.J. Mitchell serves as the regional director for JHCC.
Carousel Capital and JHCC management will continue as minority investors in the company. Financial terms of the transaction were not disclosed.
“JHCC’s longstanding reputation for providing customers with exceptional service has enabled it to grow,” said Pierre LeComte,managing director at TSG. “We are thrilled to join forces with JHCC CEO Traweek Dickson and the management team as the company looks to capitalize on a number of compelling growth opportunities, including increasing its geographic footprint and expanding in its existing and adjacent markets.”