Service King acquires Sterling Auto Body Centers and its 62 collision repair centers across 16 states in the U.S. The deal marked the largest acquisition in collision repair industry history establishing the national footprint and future strategy for growth. Service King grows to five regions across the country and 175 locations.
After Service King triples its revenue over a two-year period, premier global investment and advisory firm Blackstone purchases majority ownership of the company. The Carlyle Group remains a minority investor as do Service King internal shareholders. Eddie Lennox retains a seat on the Board of Directors.
Service King surpasses the 200-location milestone through a partnership with Kirmac Collision Centers and its U.S. locations in Seattle, Wash. The acquisition also expanded Service King into its 21st state.
After 15 years at 808. S Central Expressway, Service King relocates its home office to 2600 N. Central Expressway. The new home office is less than five miles north of the previous headquarters. The previous Richardson, Texas headquarters still serves as Service King’s Central Region Support Center and Customer Call Center.