Palladium Sells ABRA Auto Body to Hellman & Friedman

Palladium Sells ABRA Auto Body to Hellman & Friedman

abra auto nf1ABRA Auto Body & Glass, a vehicle repair provider and a portfolio company of Palladium Equity Partners, has signed an agreement to be acquired by Hellman & Friedman and members of ABRA`s senior management team.  The transaction is expected to close in the third quarter of 2014.

ABRA is a national provider of vehicle damage repair services.  The company provides collision repair, paintless dent removal, and auto glass repair and replacement services through 186 company-owned vehicle damage repair centers and 48 franchised centers in 19 states.  ABRA’s services enable its insurance company partners to improve customer satisfaction and drive policyholder retention, while reducing repair costs and driving efficiencies in the claims process. ABRA was founded in 1984 and is headquartered in Minneapolis (

Luis Zaldivar nf1“We are proud to have been part of ABRA’s successful growth over the past three years. During our partnership, we worked closely with ABRA`s exceptional management team to enter new markets, accelerate the company`s acquisition program and enhance the company`s industry-leading capabilities. We are confident Hellman & Friedman will be an ideal partner in the next stage of the company’s development,” said Luis Zaldivar, Managing Director of Palladium.

Palladium Equity Partners targets investments in financial services, business services, food, healthcare, industrial and media businesses.  Palladium has a focus on companies that operate in the rapidly growing US Hispanic market – a market segment where the firm has expertise, a broad network and an extensive track record of investing.  Since its founding in 1997, Palladium has invested over $1 billion of capital in more than 20 platform investments and over 50 add-on acquisitions.  The firm is based in New York (

Erik Ragatz nf1“Within the $30-billion collision repair sector ABRA stands out as a highly-respected, exceptionally well-run business,” said Erik Ragatz, managing director of Hellman & Friedman. “Built on a foundation of delivering superior standards for repair quality and customer service, ABRA has become a trusted partner of leading automotive insurers and a reliable source for quality collision repair services across the nation. We see outstanding growth prospects ahead and look forward to partnering with ABRA`s team to continue to execute on their strategic plan.”

Hellman & Friedman invests from $200 million to $750 million in companies across a range of industries including energy & industrials, software, business & marketing services, internet & digital media, financial services, insurance, media, and healthcare. Founded in 1984, the firm has raised and managed over $25 billion of committed capital and invested in over 60 companies. The firm is currently investing its sixth fund, with $8.4 billion of capital commitments. Hellman & Friedman is based in San Francisco with additional offices in London and New York (

Harris Williams & Co. acted as advisor to ABRA in connection with the transaction. Greenberg Traurig and Simpson Thacher & Bartlett served as legal advisors to ABRA and Hellman & Friedman, respectively.

2014 PEPD • Private Equity’s Leading News Magazine • 8-5-14

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