Service King Makes Its Largest Acquisition of 2015
Nov. 9, 2015—Service King Collision Repair Centers announced its largest partnership of 2015 on Monday through a deal to acquire CARCARE Inc., a Chicago-based MSO with 15 locations across central Illinois.
The deal transitions all operations immediately to Service King. The terms of the merger were officially agreed upon and signed on Friday.
“Partnering with Service King is truly an exciting step forward for the CARCARE team,” said Bill Aeschliman, CARCARE owner and chief executive officer. “Service King’s standard of superior service will only enhance our operations and propel opportunities for our very own teammates. CARCARE customers and insurance partners will continue to receive the same exceptional service they have come to expect throughout this period of growth.”
Service King now operates a total of 37 locations in the Chicago and central Illinois market. The organization has 275 locations in 23 states across the U.S.
“The Chicago community has embraced Service King and we couldn’t be more excited about continued growth,” said Jerod Guerin, Service King regional vice president. “Partnering with CARCARE and its excellent network of 15 superior collision repair centers and teammates is a monumental step forward in our mission to provide Chicago and its residents the very best service possible.”
“CARCARE has built its business by promising the highest quality repairs coupled with outstanding customer service,” said Jim Missig, CARCARE owner and chief administrative officer. “Through partnering with Service King we are able to continue to fulfill that promise, while at the same time providing the opportunity for our very own teammates to grow in the industry. This is truly a perfect fit our team, and I’m personally excited to see its positive impact across all facets of our business and the customers we serve.”