Washington, DC (May 1, 2015) – FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services announced today that 12 Keenan Auto Body, Inc. locations have been acquired by ABRA Auto Body & Glass. FOCUS represented Keenan Auto Body in the transaction.
Keenan Auto Body, one of the leading Multi-Shop Operators in the Mid Atlantic region, has been a well regarded leader and innovator in shop management practices and environmental best practices. For more than two decades, Keenan’s has steadily expanded its locations in the Philadelphia market and recently opened its 12 location.
ABRA Auto Body & Glass, headquartered in Brooklyn Park, Minnesota, is one of the nation’s largest providers of vehicle repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. With more than 260 shops nationwide, ABRA’s sizable expansion into the Philadelphia, Pennsylvania, Delaware and Maryland markets is part of its aggressive plan to be an industry leader.
Keenan’s President and Chief Operating Officer, Mike LeVasseur, commented, “This is a tremendous opportunity and I am excited to continue to grow the deep relationships we’ve developed in the community. Our business partners and customers have been instrumental in our success and we look forward to continuing to serve them with ABRA.”
David Roberts, Group Leader of the Automotive Services practice at FOCUS and Managing Director, added, “We are proud to have helped Keenan’s find an excellent partner and create great value for its shareholders. We have no doubt that Mike LeVasseur will continue to exercise his industry leadership to the benefit of his new partners.”
Rick Thomas, FOCUS Managing Director, notes, “With the acquisition of such a dominant and reputable multi-shop operator, ABRA is positioned for substantial success and considerable growth throughout the region. FOCUS is pleased to have been able to help two successful businesses come together to serve the community better.”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
ABOUT FOCUS LLC
FOCUS Investment Banking LLC provides a range of middle market investment banking services with an emphasis on mergers, acquisitions, divestitures, and corporate finance. FOCUS, a national firm serving clients from offices in major cities across the U.S., specializes in business units with transactions or revenues in the $5-300 million range, serving entrepreneurs, corporate owners, and various types of investors across a broad range of industries both domestically and worldwide. The Automotive Services Group at FOCUS specializes in representing collision repairers, paint and parts jobbers, dealers and related vendors. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information, visit www.focusbankers.com/automotive.
