Comprehensive M&A data with integrated detailed company information

TSG to drive off with a stake in JHCC
Posted on Friday, 23 August 2019 12:40
Private equity firm TSG Consumer Partners is increasing its portfolio by acquiring a majority holding in US-based auto body repair shops operator Joe Hudson’s Collision Centres (JHCC) from Carousel Capital.

The purchase is due to complete in the third quarter of 2019 and both the vendor and the target’s management will remain as minority investors in the business.

No financial details were announced.

Founded by Joe Hudson in 1989 and based in Alabama, JHCC claims to a leading platform within the collision repair industry.

The group operates 110 state-of-the-art stores across the southeastern region of the US, serving customers in Alabama, Georgia, Kentucky and North Carolina, among other locations.

Its activities comprise auto body painting, auto dent and collision repair, as well as towing assistance for damaged vehicles.

The deal is part of the acquiror’s strategy to increase its geographic footprint and expand its existing and adjacent markets.

Traweek Disckson, chief executive of JHCC, said: “TSG’s collaborative approach, innovative marketing prowess and deep operational expertise will be invaluable as we continue to deliver best-in-class service to our customers, further scale our leading platform, and build out our digital and consumer marketing efforts.”

Established in 1987, the buyer will add to its extensive portfolio across the food, beverage, beauty and restaurant sectors, among others, which includes companies such as Cutex, Planet Fitness, Tortilla King and Revolve.

The deal with JHCC follows on from TSG agreeing to acquire US-based yoga studios operator CoreYoga from Catterton Management in March for an undisclosed sum.

Since the beginning of 2019, there have been 82 deals announced worldwide targeting companies which provide general automotive repair, according to Zephyr, the M&A database published by Bureau van Dijk.

Only one deal exceeded GBP 10.00 million and involved Société Générale buying a 2.9 per cent stake in UK-based AA for GBP 13.70 million.

Other companies targeted in the top ten included HK Motors, AMA Group and MobiTech International.

© Zephus Ltd