Richardson, Texas -- April 14, 2014 -- Service King Collision Repair Centers, a multi-shop operator headquartered in Texas, has reached an agreement to acquire Sterling Collision Centers and its 62 stores from Allstate Insurance. Sterling Collision Centers was founded in 1997. Purchased by Allstate in 2001, the company quickly grew to 1,200 employees with more than 60 collision repair facilities across 16 states.
This acquisition will bring the total number of Service King locations to more than 170 across 20 states, reinforcing its position as one of the largest multi-shop operators in the U.S.
"This venture of two well-established and reputable brands will result in many opportunities for Service King and our ever growing team. We welcome our new teammates to the Service King family and are excited about what the future holds for us all," said Chris Abraham, CEO of Service King. "We are honoured and appreciative of the profound opportunity this acquisition creates for the collision repair industry. We will continue to provide all of our customers and business partners with the consistent level of service that they have come to expect from Service King."
"Today marks the culmination of many months of hard work, preparation and planning," said Jeff McFadden, President of Service King. "We have positioned ourselves to continue to deliver on the promise of the Service King brand."
Service King's acquisition of Sterling Collision Centers is expected to close in the second quarter of 2014. For more information on Service King, please visit serviceking.com