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Service King Collision Repair Centers to Acquire Sterling Collision Centers

Acquisition Reinforces Service King's Position as One of the Country's Largest Multi-Shop Operators

RICHARDSON, Texas, April 14, 2014 /PRNewswire/ -- Service King Collision Repair Centers (Service King), a multi-shop operator of high-quality collision repair facilities, announced today that it has reached an agreement to acquire Sterling Collision Centers and its 62 stores. This acquisition will bring the total number of Service King locations to more than 170 across 20 states, reinforcing its position as one of the country's largest multi-shop operators.

Service King's acquisition of Sterling Collision centers will bring the total number of Service King locations to more than 170 across 20 states, reinforcing its position as one of the country's largest multi-shop operators. Pictured: Service King President Jeff McFadden and CEO Chris Abraham

Service King is a leader in the collision repair industry, offering customers a superior service experience for more than 38 years. After establishing the organization as an industry leader in Texas, Service King began expanding its footprint outside of the state of Texas in 2012 to Arizona, Tennessee, Arkansas, Mississippi, Nevada and Oklahoma. The acquisition of Sterling Collision Centers marks a key milestone for Service King and its more than 2,600 teammates while undoubtedly changing the multi-shop operator landscape.

"This venture of two well-established and reputable brands will result in many opportunities for Service King and our ever growing team. We welcome our new teammates to the Service King family and are excited about what the future holds for us all," said Chris Abraham, CEO of Service King. "We are honored and appreciative of the profound opportunity this acquisition creates for the collision repair industry. We will continue to provide all of our customers and business partners with the consistent level of service that they have come to expect from Service King."

"Today marks the culmination of many months of hard work, preparation and planning," said Jeff McFadden, President of Service King. "We have positioned ourselves to continue to deliver on the promise of the Service King brand."

Sterling Collision Centers was founded in 1997 with the goal of redefining the collision repair experience. Purchased by Allstate in 2001, the company quickly grew to 1,200 employees with more than 60 collision repair facilities across 16 states.

Service King's acquisition of Sterling Collision Centers is expected to close in the second quarter of 2014. For more information on Service King, please visit www.serviceking.com.

About Service King Collision Repair Centers

Service King is one of the largest regional multi-shop operators of collision repair facilities in the country, dedicated to offering customers an overall superior service experience. Founded more than 38 years ago in Dallas, Texas; Service King is a leader in the collision repair industry currently serving customers at 111 locations across Texas, Arizona, Tennessee, Arkansas, Mississippi, Nevada and Oklahoma. For more information about Service King, visit www.ServiceKing.com. Follow Service King's news on Facebook and Twitter.

Service King Collision Repair Centers

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SOURCE Service King Collision Repair Centers

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