Service King Collision Repair Centers closed on its acquisition of Auto Body World, which has eight locations throughout metropolitan Phoenix and Casa Grande, Ariz. The deal marks the national expansion of Service King, which has 50 locations in Texas.
Like this article? Sign up to receive our weekly news blasts here.Terms of the agreement were not disclosed. The Carlyle Group bought a majority stake in Richardson-based Service King last month, providing the capital necessary to grow nationally.
Service King's expansion across Texas over the last three years has taken Service King from the sixth to the third largest collision repair company in North America, doubling revenue and location count, the company said.
"We welcome our new teammates in Arizona to the Service King family," said Service King's CEO, Chris Abraham. "We're excited about the opportunity here. Arizona is special because it's our first venture outside of Texas, but it's not our last."
"Service King is committed to continuing Auto Body World's long tradition of excellent customer service and quality repairs with good relationships in the insurance industry. We are honored to add Auto Body World's talented teammates and skilled technicians to our base of over 1,400 Service King teammates throughout Texas, and bringing our same level of health, retirement, and career benefits to all new teammates in Arizona," added Abraham.
"We are very excited about Auto Body World joining the Service King Team," stated Mark Turner, Auto Body World's President. "Both companies believe that we’re a great match for each other, in that we share very common cultures, and while Service King brings national insurance relationships and financial strength, Auto Body World brings dominance in a new market, with a strong operations team and platform for rapid growth."
Service King was founded 36 years ago by Eddie Lennox, with one location in Dallas. Service King now serves the states of Arizona and Texas with 23 Dallas-Fort Worth locations, 12 Houston locations, nine San Antonio and six Austin locations.
