The Firm is representing Blackstone Capital Partners VI (“Blackstone”) in connection with its announced agreement to acquire a majority stake in Service King Collision Repair Centers (“Service King” or the “Company”). The management and employees of the Company, along with The Carlyle Group and its co-investors, will retain a significant minority stake. Blackstone’s acquisition is subject to regulatory approval and other customary closing conditions and is expected to close in August 2014.
Service King owns and operates one of the largest chains of automobile body repair centers in the United States. Established in 1976 and headquartered in Dallas, Service King is a leader in the collision repair industry and currently serves customers at 177 locations across 20 states, having grown in the last two years from 47 locations in Texas.
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