Joe Hudson’s Collision Centers Getting New Majority Owner

TSG Consumer Partners, a private equity firm focused exclusively on the branded consumer sector, has signed a definitive agreement to acquire a majority stake in Joe Hudson’s Collision Centers (JHCC) from Carousel Capital. While financial terms of the transaction were not disclosed, we do know that Carousel and JHCC management will continue as minority investors in the company.

JHCC operates roughly 110 auto body repair shops across Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, Tennessee, Texas and Virginia.

Pierre LeComte, managing director at TSG, said in an Aug. 22 announcement: “We are thrilled to join forces with JHCC CEO Traweek Dickson and the management team as the company looks to capitalize on a number of compelling growth opportunities, including increasing its geographic footprint and expanding in its existing and adjacent markets.”

Harris Williams was the financial advisor to Carousel Capital and JHCC. The deal is expected to close in the third quarter of 2019.

TSG is no stranger to the auto care industry. Among its holdings is Meguiars, a manufacturer of premium automotive care products, including car wax.