Carousel Capital is pleased to announce it has successfully exited its investment in Joe Hudson’s Collision Center, one of the largest automotive collision repair companies in the United States.
During the course of Carousel Capital's initial investment in 2014, Joe Hudson’s expanded from 23 locations in one state to 110 locations in 9 states. Carousel sold a majority stake in the Company to TSG Consumer in 2019 and remained invested. The Company continued its expansion and has grown to approximately 260 locations across 18 states. Carousel's exit from Joe Hudson’s Collision Center was completed through the sale of the Company to Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) for total consideration of approximately $1.3 billion in cash.
The full press release can be found here.
