Nov. 28, 2012—Service King Collision Repair Centers on Tuesday announced the acquisition of Wade Auto Body, a collision repair operation with three locations in Waco, Texas.
The transaction is expected to close by Dec. 14. With the addition of Wade Auto Body’s three locations, Service King now operates 55 collision repair facilities in Texas, and 63 locations overall.
“Service King is very excited and proud to be able to service the community of Waco,” said Jeremy Lennox, vice president of Service King’s south Texas market. “This is a wonderful opportunity to add to our Texas footprint and connect our Dallas-Fort Worth and south Texas markets through our continued expansion along the I-35 corridor.”
Wade Auto Body’s three locations total 46,000 square feet with 62 employees, and have the capacity to repair more than 550 vehicles per month.
“We are very excited to welcome Wade Auto Body to the Service King family. Wade has grown to become a dominant player in the collision repair industry,” said Jeff McFadden, president of Service King. “Our mutual commitment to quality and customer satisfaction makes this a wonderful partnership for Service King and for our new customers in central Texas.”
Paul Anderson, owner of Wade’s Auto Body, started his career in the collision repair industry with Service King in 1987 before starting his own business in 1990. Service King said Anderson will rejoin the company’s leadership team after completion of the acquisition.
"We are proud of our people, growth and achievements at Wade Auto Body. We know that Service King will feel the same way about our team and our relationship with our customers,” Anderson said. “I look forward to becoming a Service King team member again to support their continued growth. I am also excited about the future opportunities this partnership will bring to the employees at Wade Auto Body.”
Service King—which now operates 24 shop locations in Dallas-Fort Worth, 12 in Houston, nine in San Antonio, six in Austin, Texas, and eight in Arizona—said it has plans for additional shop acquisitions by the end of the year.