ABRA Auto Body & Glass has been put up for auction by the private-equity firm that owns it, according to the Wall Street Journal.
Having acquired ABRA in 2011, Palladium Equity Partners has now hired an investment bank to sell the MSO, which operates more than 200 stores in 17 states. Sources familiar to the matter say Palladium could get more than $500 million in the sale, according to the Wall Street Journal.
ABRA recently acquired 13 shops from Wilburn Auto Body in Charlotte, NC, and 24 Collision Centers of America locations in Chicago and northwest Indiana.
