Full Answer
What is service King known for?
Service King introduces computers to its operations for the first time replacing the three-part fax forms standard in the industry at the time. Chris Abraham begins his career with Service King as a Service Advisor at the North Plano location. He would be named CEO of the company in 2012.
Is service King owned by Blackstone?
After Service King triples its revenue over a two-year period, premier global investment and advisory firm Blackstone purchases majority ownership of the company. The Carlyle Group remains a minority investor as do Service King internal shareholders. Eddie Lennox retains a seat on the Board of Directors.
What do service King's trad tradmarks mean?
Trademark applications show the products and services that Service King Paint & Body is developing and marketing. Service King Paint & Body's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets.
Does service King have a senior leadership program?
Many of Service King’s current senior leaders completed the program, which today annually graduates more than 100 teammates. Service King relocates its corporate office to Richardson, Texas at 808 S. Central Expressway.
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Is Service King a public company?
Service King is one of largest providers of collision repair services in Texas and the United States. Service King Collision Repair Centers, Inc....Service King Collision Repair.TypePrivateRevenue$710 million (US) (2013)ParentThe Carlyle Group (minority) The Blackstone Group (majority)Websitewww.serviceking.com9 more rows
Is Service King in financial trouble?
Service King's recent financial difficulties were highlighted in November, when Bloomberg reported that the company had warned its lenders that it was running out of cash and might not be able to repay its debts, endangering its ability to remain in business.
How much is Service King worth?
“Wall Street and private equity have decided that the collision repair business is worth looking at.” The Washington-based Carlyle Group initially bought a majority of Service King in 2012, selling most of its stake to the Blackstone Group in a deal in 2014 that The Wall Street Journal said was valued at $650 million.
Did Service King get bought out?
Blackstone Group bought a majority stake in Service King in 2014. Carlyle Group – which bought a controlling interest in Service King in 2012 – retained a minority stake. Under private equity ownership, Richardson, Texas-based Service King has expanded aggressively into new markets.
Who is the CEO of Service King?
David CushDavid Cush (born Shreveport, Louisiana) is the CEO of Service King, an auto repair company.
Who founded Service King?
founder Eddie LennoxService King traces its roots back to Dallas, Texas and founder Eddie Lennox who opened the very first Service King in 1976. Today, Service King operates locations in 24 states and the District of Columbia across the U.S.
How many locations does Service King have?
335 locations2021. Today, Service King remains the collision repair operator of choice across the U.S., with 335 locations in 24 states and the District of Columbia, and plans to continue growing.
Who is buying Service King?
Clearlake Capital GroupService King has secured $200 million in new capital and cut its debt by more than $500 million in an agreement that will see Clearlake Capital Group become the majority owner of the collision repair chain. Under the terms of the deal, announced Tuesday in a joint news release, Service…
Who bought Abra Autobody?
Driven BrandsCHARLOTTE, N.C. — Driven Brands, North America's leading group of automotive aftermarket brands, today announced its acquisition of ABRA Automotive Systems LP, the franchising subsidiary of ABRA Auto Body Repair of America ('ABRA').
Does Service King use OEM parts?
We use only the highest quality parts, regardless of whether they are OEM or aftermarket. To learn more about parts, contact your local Service King collision repair center.
Trademark Applications
Trademark applications show the products and services that Service King Paint & Body is developing and marketing. Service King Paint & Body doesn't have any recent trademark applications, indicating Service King Paint & Body is focusing on its existing business rather than expanding into new products and markets.
Recession Risk
Determine whether Service King Paint & Body grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Service King Paint & Body is relative to the industry overall.
Market Share of Service King Paint & Body's Largest Competitors
A competitive analysis shows these companies are in the same general field as Service King Paint & Body, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines.
Nearby Competitors
These companies are similar in business line and location to Service King Paint & Body. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.
Future Competition: Service King Paint & Body's Fastest Growing Competitors
These companies are in the same general field as Service King Paint & Body and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.
What is Service King?
Service King strives to be the collision repair operator of choice by providing a secure, fulfilling workplace that motivates our teammates to deliver safe, superior repairs with excellent customer service while ensuring sustainable, profitable growth and opportunity.
Where is Service King located?
1986. Service King expands, opening its third location at 4036 W. Interstate 30 in Mesquite, Texas – a location that is still open today.
Who owns Service King Collision Repair Centers?
As one of the largest independent operator of collision repair centers in the U.S., global asset manager The Carlyle Group closes on its acquisition of majority ownership of Service King Collision Repair Centers.
Who are some of (KING)'s key competitors?
Some companies that are related to (KING) include 18564 (NBL.L) (NBL), Cooper Energy (COPJF), Crown Point Energy (CWVLF), Emerald Health Therapeutics (EMHTF), Freehold Royalties (FRHLF), GASFRAC Energy Services (GSFVF), Gulf Coast Ultra Deep Royalty Trust (GULTU), Headwater Exploration (CDDRF), Helium One Global (HLOGF), International Petroleum (IPCFF), Japan Petroleum Exploration (JPTXF), Leucrotta Exploration (LCRTF), Manitok Energy (MKRYF), Petro Matad (PRTDF) and PetroShale (PSHIF). View all of KING's competitors..
What other stocks do shareholders of (KING) own?
Based on aggregate information from My MarketBeat watchlists, some companies that other (KING) investors own include Achillion Pharmaceuticals (ACHN), CEMIG (CIG), NewLink Genetics (NLNK), Leafbuyer Technologies (LBUY), Vale (VALE), Ariad Pharmaceuticals (ARIA), Celldex Therapeutics (CLDX), Madrigal Pharmaceuticals (MDGL), Noble (NE) and Petróleo Brasileiro S.A.
What is (KING)'s stock price today?
One share of KING stock can currently be purchased for approximately $18.00.
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