A private equity firm is selling its majority stake in Montgomery-based Joe Hudson’s Collision Center for $1.3 billion.
The buyer is Boyd Group Services, one of the largest operators of collision repair centers in North Alabama. Boyd is buying TSG Consumer’s stake.
TSG’s investment in JHCC came in 2019, and since then the company has more than doubled its footprint to 258 locations across 18 states.
“From the outset, we recognized JHCC as an exceptional platform for disciplined and strategic growth,” said Pierre LeComte, managing director at TSG Consumer. “Together with the management team, we successfully navigated unprecedented market conditions (including the COVID-19 pandemic), supported them through succession planning as a founder-led business, and enhanced the company’s operational foundation.”
Joe Hudson’s Collision Center was founded in 1989 in Montgomery.
“Our co-founders, Traweek Dickson and Joe Hudson, built a legacy of high-quality repairs, amazing associate engagement and best-in-class customer service through three decades of leadership that continues to define JHCC,” said Brant Wilson, CEO at JHCC. “We were proud to build on that foundation with TSG’s support and look forward to our next chapter with Boyd. We are excited by the opportunity to deliver even greater value to our customers and communities within this competitive industry.”
