M&A Deal Summary

Crash Champions Acquires Service King Collision Repair Centers

On July 14, 2022, Crash Champions acquired automotive company Service King Collision Repair Centers from The Blackstone Group and The Carlyle Group

Acquisition Highlights
  • This is Crash Champions’ 1st transaction in the Automotive sector.
  • This is Crash Champions’ 1st transaction in the United States.
  • This is Crash Champions’ 1st transaction in Texas.

M&A Deal Summary

Date 2022-07-14
Target Service King Collision Repair Centers
Sector Automotive
Buyer(s) Crash Champions
Sellers(s) The Blackstone Group
The Carlyle Group
Deal Type Merger

Target

Service King Collision Repair Centers

Richardson, Texas, United States
Service King Collision Repair Centers is a regional multi-shop operator of collision repair facilities in the country, dedicated to offering customers an overall superior service experience. Service King Collision Repair Centers was founded in 1976 and is based in Richardson, Texas.

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Buyer(S) 1

Buyer

Crash Champions

Westmont, Illinois, United States

Category Company
Founded 1999
Sector Automotive
DESCRIPTION

Crash Champions is an independent collision repair company operating 218 state-of-the-art centers across 20 states including California, Colorado, Florida, Idaho, Illinois, Iowa, Kansas, Maryland, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Pennsylvania, Ohio, Oregon, Washington, and Wisconsin as well as Washington, DC. Crash Champions was founded in 1999 and is based in Westmont, Illinois.


DEAL STATS #
Overall 1 of 4
Sector (Automotive) 1 of 4
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 4
Year (2022) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Performance Collision Centers

Summerville, South Carolina, United States

Performance Collision Centers is a provider of collision repair services for all makes & all models. Performance Collision Centers is based in Summerville, South Carolina.

Buy -

Seller(S) 2

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 166 of 173
Sector (Automotive) 4 of 4
Type (Merger) 9 of 9
State (Texas) 18 of 19
Country (United States) 102 of 105
Year (2022) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Xpansiv

New York, New York, United States

Xpansiv is the premier market infrastructure platform for global carbon and environmental commodities. Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, each of which is critical elements of global decarbonization. Xpansiv was founded in 2016 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-12 Partners Life

Auckland, New Zealand

Partners Life is a provider of life insurance, income protection, medical insurance, disability insurance, trauma cover and business risk protection products and services. Partners Life was formed in 2010 and is based in Auckland, New Zealand.

Sell -
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 449 of 479
Sector (Automotive) 13 of 13
Type (Merger) 9 of 10
State (Texas) 35 of 37
Country (United States) 245 of 257
Year (2022) 11 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Unison

Dulles, Virginia, United States

Unison is a provider of purpose-built procurement and contract management software solutions to U.S. federal government agencies and government contractors. All software development and support are done within the USA. For over 30 years, Unison has continually advanced software and insight solutions to help Federal programs efficiently achieve their missions. Unison was founded in 1983 and is based in Dulles, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 City Bin

Galway, Ireland

City Bin is a waste collection company engaged in providing waste management and recycling services. City Bin was founded in 1997 and is based in Galway, Ireland.

Sell -