M&A Deal Summary

ABRA Auto Body & Glass Acquires Kadel s Auto Body

On July 10, 2015, ABRA Auto Body & Glass acquired automotive company Kadel s Auto Body from Midwest Mezzanine Funds and KCB Private Equity

Acquisition Highlights
  • This is ABRA Auto Body & Glass’ 1st transaction in the Automotive sector.
  • This is ABRA Auto Body & Glass’ 1st transaction in the United States.
  • This is ABRA Auto Body & Glass’ 1st transaction in Oregon.

M&A Deal Summary
Date 2015-07-10
Target Kadel s Auto Body
Sector Automotive
Buyer(s) ABRA Auto Body & Glass
Sellers(s) Midwest Mezzanine Funds
KCB Private Equity
Deal Type Add-on Acquisition

Target

Kadel s Auto Body

Tigard, Oregon, United States
Kadel's Auto Body is an independent auto body service provider in the United States. Over the years company have stretched services to the greater Portland area, Salem, Eugene and Boise, Idaho.

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Buyer(S) 1

Buyer

ABRA Auto Body & Glass

Brooklyn Park, Minnesota, United States
Category Company
Founded 1984
Sector Automotive
DESCRIPTION

ABRA Auto Body & Glass is a provider of vehicle damage repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA Auto Body & Glass was founded in 1984 and is based in Brooklyn Park, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 ABRA Automotive Systems

Brooklyn Park, Minnesota, United States

ABRA Automotive Systems LP is the franchising subsidiary of ABRA Auto Body Repair of America and consists of 55 franchised collision repair facilities.

Sell -

Seller(S) 2

SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.

DEAL STATS #
Overall 31 of 56
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 11 of 24
State (Oregon) 1 of 1
Country (United States) 30 of 55
Year (2015) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Distinct Software Solutions

Austin, Texas, United States

Distinct Software Solutions LLC is an online marketing solutions provider to the golf industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 United Safety & Survivability

Exton, Pennsylvania, United States

United Safety & Survivability is a manufacturer of innovative safety and survivability solutions for extreme-duty, niche transportation markets. USSC’s primary products are driver seats, passenger seats, fire suppression products, and related spare parts. United Safety & Survivability was founded in 1985 and is based in Exton, Pennsylvania.

Buy -
SELLER

KCB Private Equity

Pasadena, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
Size Small
Type Sector Agnostic
DESCRIPTION

KCB Private Equity is a private equity arm of KCB Management, an asset management firm. KCB focuses on small and medium sized businesses located primarily in West US, will also consider exceptional opportunities through North America. The Firm targets companies with strong market position, customer concentration, highly differentiated business model, products and services led by strong management team. KCB invests in companies with EBITDA of $1 to $6 million and revenues of $10 to $60 million. Specific areas of interest includes retail, consumer products and services, healthcare services, education and training services, light manufacturing and distribution services. Types of transaction include public to private, divestitures, growth capital and share holder’s liquidation. KCB Private Equity was based in Pasadena, California.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-25 Uncle Milton

Thousand Oaks, California, United States

Uncle Milton develops, produces and markets toys that have play value and maximum kid-appeal. Uncle Milton was founded in 1946 and is based in Thousand Oaks, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Spiral Binding

Totowa, New Jersey, United States

Spiral Binding is a manufacturer and global distributor of a diverse line of print finishing, graphic arts, and presentation equipment, supplies, and services, including binding, laminating, paper handling, photo finishing, and custom imprint services. Spiral Binding was founded in 1932 and is based in Totowa, New Jersey.

Buy -
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