Joe Hudson’s Collision Center
Consumer Services
Joe Hudson’s Collision Center is a leading provider of automotive collision repair services in the Southeastern United States.
IV
Fund
IV
Fund
Fund IV
Location Montgomery, AL
Year of Investment 2014
CEO Traweek Dickson
Status Exited 2019 (Partial)
Results
Increased EBITDA by 4.5x+during Carousel's holding period
Since 2015, Increased location count nearly 5x
Expanded the total addressable market by 9.5x+through large scale geographic expansion
Value Creation Initiatives
What did the business need?
In October 2014, Carousel Capital partnered with management to recapitalize Joe Hudson’s Collision Center to rationalize the Company’s shareholder base and arrange capital for management’s growth plan. Due to our extensive track record creating value in multi-unit service businesses and our specific experience in automotive aftermarket services, Carousel was an attractive partner for management.
What outcomes did we achieve?
Partial exit through a recapitalization with TSG Consumer in September 2019, retaining a minority equity stake.
How did we create value?
Carousel Capital has been a true partner since we recapitalized our business in late 2014. The team at Carousel has not only provided the capital we needed to achieve our strategic growth plan but they have also provided strategic insight as we have expanded our location count and geographic footprint. It has been a great relationship that has produced tremendous results.
Traweek Dickson, CEO, Joe Hudson’s Collision Center
More Case Studies
Transflo is the leading provider of tech-enabled revenue cycle, document management and invoicing solutions to the transportation industry.
More Case Studies
Leading provider of enterprise-level software specifically designed for advertising agencies and marketing companies, with solutions that automate accounting, billing, project management, digital asset management and media management.
More Case Studies
A leading provider of outsourced database management, marketing program administration, data collection and data analysis services to the agriculture/crop protection, animal health and healthcare industries.
More Case Studies
Alpine Intel (f.k.a. CCGIQ) is a leading provider of innovative solutions that enable better insurance underwriting and claims decisions. The Alpine Intel brands, which include HVACi, Donan, and StrikeCheck, provide high-quality property insurance solutions nationwide.
More Case Studies
apexanalytix is a leading provider of supplier management, audit, recovery and compliance software and services.
More Case Studies
APEX Analytix is a leading provider of audit, recovery and compliance technology and services to global Fortune 1000 companies.
More Case Studies
Axium Healthcare Pharmacy, Inc. is a leading independent specialty pharmacy that provides comprehensive disease-management programs to meet the needs of patients with rare or chronic conditions.
Related News
September 09, 2019
Carousel Capital Completes Majority Exit of Joe Hudson's Collision CenterJune 06, 2016
Joe Hudson's Collision Center Experiences GrowthOctober 20, 2014
Carousel Recapitalizes Joe Hudsons Collision Center