Kinderhook Industries LLC, has announced the sale of ProCare Collision to Classic Collision. Financial terms of the transaction were not disclosed.
ProCare is a nationally recognized, state-of-the-art collision repair company that operates 45 auto body repair shops in the greater Austin, San Antonio and Houston, Texas markets. Procare’s commitment to provide exceptional quality collision repair and community involvement has cultivated a large base of loyal customers.
“We are thankful for our partnership with Kinderhook over the past five years. Kinderhook’s financial support and expertise within the automotive industry helped Procare to achieve its strategic goals of building a scaled, regionally dense MSO in Southeastern Texas. Kinderhook is everything we could have wanted in a partner,” said Vince Brock, CEO of Procare. “Procare is excited to begin the next phase of our growth as part of the Classic Collision family.”
Michael Zoch, managing director at Kinderhook, stated, “We are thrilled with this result for Kinderhook and ProCare. It has been an honor to partner with Vince Brock, Scott Craig and the entire Procare team. We are proud of all that has been accomplished by ProCare and are confident that ProCare’s success will continue with Classic Collision.”
“Over the past five years, Procare has experienced tremendous growth, growing from eight shops to 45 shops and establishing a dense footprint in the fast-growing Austin, San Antonio, and Houston metro areas,” said Paul Cifelli, managing director at Kinderhook. “Kinderhook’s investment in ProCare highlights the key tenets of Kinderhook’sinvestment strategy – partnering with world class management teams to aggressively grow businesses both organically and through add-on acquisition.”
Kirkland & Ellis LLP served as legal counsel to ProCare and Henson & Efron, P.A. provided legal counsel to Classic in the transaction.
