Service King acquires 50th shop in Texas
Sept. 18, 2012—Service King Collision Repair Centers has acquired Express Autobody in Georgetown, Texas.
The transaction is expected to close by Oct. 1.
Express Autobody marks Service King’s 50th location in Texas. David Schwartz will manage the 18,000-square-foot, 16-employee shop.
“Georgetown is a growing area and we look forward to serving the needs of customers and insurance partners by providing the best service and collision repairs in town,” said Jeremy Lennox, vice president of Service King’s South Texas market. “We’re eager to provide Service King’s renowned level of friendly and professional customer service. The quality of work by highly skilled and expertly trained body technicians and painters carries a lifetime guarantee. We are also bringing top-notch health, retirement and career benefits to all Georgetown teammates.”
Texas-based Service King currently operates 23 collision repair locations in Dallas, 12 in Houston, nine in San Antonio and six in Austin, Texas. The company has plans for continued growth after global alternative asset manager The Carlyle Group acquired majority ownership of the company in August. Service King said The Carlyle Group will provide additional capital to fund national growth. Service King will close on an acquisition of eight repair facilities in Arizona next month, and will open a brand new facility in Lakeway, Texas, early in 2013, the company said.