Service King Stakeholder Interested in Australian Collision Repair Chain
According to a report by the Financial Review, Blackstone has expressed interest in purchasing the AMA Group, the largest collision repair chain in Australia.
Jan. 30, 2018
Jan. 30, 2018—According to a report by the Financial Review, Blackstone, co-owner of Service King, has expressed interest in purchasing the AMA Group, the largest collision repair chain in Australia.
The story says that Blackstone has been granted due diligence on a an exclusive basis. The company is believed to be working on a proposal, which Financial Review is said to value AMA’s equity at about $1.30 a share or $675 million.
It is yet to be seen whether the bid will be accepted by AMA.
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