Rapidly growing ABRA Auto Body & Glass is making yet another acquisition, this time for nearly two dozen collision repair stores spread across Idaho, Oregon and Washington.
ABRA Auto Body said Monday it has signed a letter of agreement to buy 23 Kadel Auto Body shops for an undisclosed price.
The deal is the latest in a series of acquisitions by ABRA, a Brooklyn Park-based vehicle repair firm that started aggressively buying firms two years ago.
In early February, it bought Barrett's Collision and GW Auto Rebuild — two auto-repair companies in Washington state that together had seven locations. Later that month, it bought Crash1 Off Alpine Collision Center in Rockford, Ill.
Between April and September of 2014, ABRA snapped up 15 shops, gaining its first toehold in Ohio and expanding in Tennessee, Indiana, Missouri and North Carolina.
Now it's continuing its reach out west and into the Washington state area, a region it first entered two years ago.
The Kadel purchase will close in just a few weeks. Once it does, the 31-year-old ABRA will have about 289 repair locations in 20 states.
"The transaction will significantly expand ABRA's footprint in the region," said ABRA President and CEO Duane Rouse. "(Kadel's) commitment to superior customer service and quality repair echoes ABRA's way of doing business."
In a statement, ABRA officials emphasized "plans to continue expanding in the months and years ahead [and] is actively seeking new opportunities to acquire repair centers."
ABRA's principal owner is the private equity firm Hellman & Friedman, which has operations in California, New York and London.
One of ABRA's largest hubs is in the Twin Cities and Wisconsin, where it has more than 30 collision repair centers.