Rapid consolidation is the theme for 2014 in the auto body business, a trend that began a few years ago and has gained an almost feverish momentum. This year in particular has been shaped by some very noteworthy purchases among groups of smaller Multi -Shop Operators or MSO’s.
Today, one of the fastest growing collision repair companies in the US has announced the acquisition of a well know Southern California based MSO. Service King Collision Repair Centers, who operate a multi-state Auto Body shop repair network, revealed that it has acquired Marco's Collision Centers.
Founded by Marco Maimone in 1972, and growing from one location to seven locations in Southern California, Marco's Collision Centers built their brand through a reputation for superior customer service among its California consumers. The acquisition of Marcos’ Collision Centers adds the capability of servicing an additional 800 vehicles per month to the Service King California coverage. With this latest purchase, Service King will now operate 12 locations in California with future growth planned for later this year.
Current Marco’s Collision Centers CEO Lillian Maimone had this to say about the acquisition: "Service King chose us because of our people and strong infrastructure, and I chose them because of who they are: a company of integrity that cares about their employees. I'm proud that my employees are in a safe home with people that care and can afford them opportunities I could never have given them."
"The acquisition of these seven Southern California locations supports our strategic growth plan to expand our footprint in underserved markets," said Service King CEO, Chris Abraham. "The Marco's Collision Centers' team has a long history of delivering impressive results, and we are proud to welcome them to the Service King family."
Expansion into the California market furthers Service King’s initiative to provide California drivers with “consistent and superior collision repair service”.
"Over the past 40 years Marco's Collision Centers has built its reputation by offering consumers high quality repairs with exceptional service," said Alan Saviano, Service King Director of Operations in California. "We look forward to continuing that reputation and being a part of the communities they serve."
About Service King Collision Repair Centers
Service King is one of the nation's largest operators of collision repair facilities, dedicated to offering customers an overall superior service experience. Founded more than 38 years ago in Dallas, Texas; Service King is a leader in the collision repair industry, currently serving customers at 185 locations in 20 states.