ProCare Automotive LLC, a portfolio company of Kinderhook Industries LLC, has acquired Austin Motor Mile Collision. Financial terms weren’t announced. Austin Motor Mile is a multi-shop operator of collision repair shops in Texas with 12 shops in the Austin and San Antonio markets.
New York, NY – ProCare Automotive, LLC (“ProCare” or the “Company”), a portfolio company of Kinderhook Industries, LLC (“Kinderhook”), announced today the acquisition of Austin Motor Mile Collision (“AMM”). AMM is a multi-shop operator (“MSO”) of collision repair shops in Texas with 12 shops in the Austin and San Antonio markets. AMM represents the 5th add-on acquisition for ProCare and creates the 3rd largest MSO in the state of Texas with 30 combined auto body shops. The acquisition of AMM represents Kinderhook’s 53rd automotive-related transaction. Financial terms of the transaction were not disclosed.
ProCare is a nationally recognized MSO of collision shops with 30 locations in Austin, San Antonio, and Houston, Texas. For nearly 20 years, the Company has provided customers with high quality automotive and collision repairs.
“AMM Collision strives for operational excellence with a personalized approach which is consistent with Procare’s operating philosophy,” said Vince Brock, CEO of ProCare Automotive. “We are proud to expand our offering of high-quality collision repair services across Central and South Central Texas through the acquisition of AMM.”
Paul Cifelli, Managing Director of Kinderhook Industries, stated, “We are excited about the combination of ProCare and AMM to create the 3rd largest MSO in the state of Texas. AMM has a great brand name, a talented management team and experienced and dedicated employees with whom we are thrilled to partner.”
“We welcome AMM to the ProCare and Kinderhook family and look forward to partnering with AMM to continue to execute a growth strategy in the state of Texas,” added Michael Zoch, Principal of Kinderhook Industries.
Kirkland & Ellis LLP served as legal counsel to ProCare. Financing for the transaction was provided by Twin Brook Capital Partners.
About Kinderhook Industries:
Kinderhook Industries, LLC is a private investment firm that manages over $2.0 billion of committed capital. We have made in excess of 180 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching unique, growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners. Our focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental / business services and automotive / light manufacturing sectors. We have a track record of successfully and consistently building industry leaders.
For more information, please visit: www.kinderhook.com
ProCare operates 30 auto body repair shops in the greater Austin, San Antonio, and Houston markets. The Company provides services including body repair, dent removal, glass installation, plastic reconstruction, towing, painting and paint removal, and rental car assistance. Headquartered in New Braunfels, Texas, ProCare has provided customers with high quality automotive and collision repairs for nearly 20 years.
For more information please visit: www.procarecollision.com