ABRA Up For Sale
June 26, 2014—ABRA Auto Body & Glass is up for auction, the Wall Street Journal (WSJ) reported Tuesday.
Minnesota-based ABRA runs over 200 shops in 17 states, and in recent months has said it has “an aggressive growth strategy.” In April, ABRA acquired Collision Centers of America, which has 24 locations in the Chicago area and Indiana.
However, Palladium Equity Partners, a private equity firm that has owned ABRA since 2011, has hired an investment bank to sell the auto body company, the WSJ reported.
The sale could bring in $500 million or more, and other private-equity firms are among those interested in buying ABRA, according to the WSJ.