[ad_1]
NEW YORK, September 20, 2021 / PRNewswire / – Kinderhook Industries, LLC (“Children’s hook“), today announced the sale of ProCare Collision (” ProCare “or the” Company “) to Classic Collision (” Classic “). Financial terms of the transaction were not disclosed.
ProCare is a nationally recognized, state-of-the-art accident repair company that operates 45 body shops in the greater area Austin, San Antonio, and Houston, Texas Markets. Procare’s commitment to providing exceptional quality collision repairs and the community’s commitment have created a large base of loyal customers.
“We are grateful for our partnership with Children’s hook over the past five years. Child hooks Financial support and expertise in the automotive industry helped Procare achieve its strategic goals of building a scaled, regionally dense MSO in southeast Texas. Children’s hook is all we could ask for in a partner, “said Vince Brock, CEO of Procare. “Procare is excited to begin the next phase of our growth as part of the Classic Collision family.”
Michael Zoch, CEO at Children’s hook, said: “We are thrilled with this result for Children’s hook and ProCare. It was an honor to work with Vince Brock, Scott Craig and the entire Procare team. We are proud of what ProCare has achieved and are confident that ProCare’s success will continue with Classic Collision. “
“In the last five years Procare has experienced enormous growth, from eight shops to 45 shops and a dense presence in the rapidly growing area Austin, San Antonio, and Houston Metro areas, “said Paul Cifelli, Managing Director at Kinderhook. “Child hooks Investing in ProCare underscores the most important principles of Child hooks Investment Strategy – Partnering with world-class management teams to aggressively grow businesses both organically and through additional acquisitions. ”
Kirkland & Ellis LLP acted as legal advisor to ProCare and Henson & Efron, PA advised Classic on the transaction.
About Kinderhook Industries
Kinderhook Industries, LLC is a private investment firm that has $ 3.3 billion of tied capital. Since our inception, we have made over 275 investments and subsequent acquisitions. Child hooks The investment philosophy is based on combining unique, growth-oriented investment opportunities with exceptional financial expertise and our own network of operational partners. Our focus is on medium-sized companies with a reasonable niche market positioning in the sectors of health services, environmental / business services and automotive / light industry. We have a track record of successfully and consistently building industry leaders.
More information is available at: www.kinderhook.com
About ProCare
ProCare operates 45 body shops in the greater area Austin, San Antonio, and Houston, Texas Markets and is an authorized repair center for most major insurance companies. Headquarters in New Braunfels, TX, ProCare offers services such as body repair, dent removal, glass installation, plastic reconstruction, towing, painting, paint removal and rental car service.
Further information can be found at: https://www.procarecollision.com/
About Classic Collision
Classic Collision was born in 1983 in. founded Atlanta, Georgia with a single goal: to provide quality service with integrity and honesty to our customers. Classic Collision does this by employing the best talent and using the highest quality materials. Classic Collision is one of the largest privately held national body repair service providers with 148 state-of-the-art repair facilities in 9 states in the United States. For more than 37 years, Classic Collision has put customer satisfaction first. Classic Collision prides itself on providing high quality body repairs with well trained technicians and the appropriate equipment. Classic Collision has numerous manufacturer certifications and training courses directly from the factory, which makes it a leading company in comprehensive accident repair.
Further information can be found at: https://classiccollision.net/
View original content: https://www.prnewswire.com/news-releases/kinderhook-sells-procare-collision-to-classic-collision-301380172.html
SOURCE Kinderhook Industries
[ad_2]
