RICHARDSON, TX – March 27, 2013 – Service King Collision Repair Centers, a multi-state operator of high-quality collision repair facilities and the fastest growing U.S.-based collision repair company, announced today it has acquired the collision division of Greulich’s Automotive Services, effective immediately.
Service King, now with over 80 locations in Arizona, Arkansas, Mississippi, Tennessee and Texas, will take over the ownership and operation of Greulich’s Scottsdale, Mesa and Peoria, Arizona collision repair locations. Greulich’s Automotive Services has been a leading provider of automotive services throughout the Phoenix metro area since 1977.
"We are very excited to work with a company with as much history in Arizona as Greulich’s Automotive Services,” said Chris Anderson, Market Vice President for Service King. “Both companies share a similar commitment to continued innovation, quality repairs and customer satisfaction, which will make this partnership successful."
With these three new locations, Service King will continue expanding its exceptional reputation and growing client base in Arizona and throughout the U.S. These state of the art repair centers are capable of serving over 144,000 vehicles a year company wide.
"We are pleased to welcome the loyal customers and great team of Greulich’s to the Service King family,” said Chris Abraham, Chief Executive Officer for Service King. “These 25 local staff members will be joining our dedicated staff of over 2,200 teammates at Service King."
"We are enthusiastic about working with Service King Collision Repair Centers,” added Chris Greulich, President of Greulich’s Automotive Services. “We have been looking for a company that shares our values and would be a good cultural fit for our existing employees. We think we have found that partner in Service King and are looking forward to this exciting time for both companies."
Service King Collision Repair Centers’ acquisition of Greulich’s Automotive Services collision division officially closed on March 26, 2013.
About Service King
Service King Collision Repair Centers is a multi-state operator of collision repair facilities that offer high-quality repairs with a lifetime warranty, free estimates, onsite rental cars and an overall superior customer service experience. Founded more than 36 years ago in Dallas, Texas, Service King Collision Repair Centers, under the direction of CEO, Chris Abraham, has grown to be a leader in the collision repair industry. In 2012, The Carlyle Group (NASDAQ: CG) bought a majority stake in the Richardson-based Service King, providing the capital necessary to grow nationally. Service King’s expansion continues, now with 10 San Antonio locations, 24 Dallas-Fort Worth locations, 12 Houston locations, 9 South Central locations and 8 collision centers in Arizona with additional acquisitions planned by the end of the month.
For more information about Service King, visit www.ServiceKing.com. Follow Service King's news on Facebook and Twitter.
About The Carlyle Group
The Carlyle Group is a global alternative asset manager with approximately $156 billion of assets under management across 99 funds and 63 fund of fund vehicles as of June 30, 2012. Carlyle's purpose is to invest wisely and create value. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has developed expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs approximately 1,300 people in 32 offices across six continents.