π₯Is Service King in Need of Servicing?π₯
The Blackstone/Carlyle auto repair business has a looming springing maturity.
Dallas TX-basedΒ Service King Collision Repair Centers Inc., a large chain of auto body repair shops,Β operates 335 locations in 24 states and the District of Columbia. It is the quintessential private equity growth story. Hot-potatoed fromΒ The Carlyle Group ($CG)Β toΒ Blackstone Inc. ($BA)(as majority owner), the business has been on a wild debt-fueled ridβ¦