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Blackstone in deal for majority stake in Service King Collision Repair Centers

Jul. 23, 2014 8:38 AM ETThe Carlyle Group Inc. (CG) StockBy: Stephen Alpher, SA News Editor1 Comment
  • Established in 1976 and HQ'd in Dallas, Service King operates 177 locations in 20 states, and is currently owned by Carlyle Group (NASDAQ:CG) and company management and employees. The company had 47 locations when Carlyle got involved in 2012. Carlyle will retain a sizable minority stake in Service King.
  • The deal with Blackstone (BX) is expected to close in Q3 and terms were not disclosed.
  • Source: Press Release

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