CenterOak Partners, a Dallas, Texas-based private equity firm, sold TruRoad Holdings, Inc., a Woburn, Massachusetts-based large automotive glass and claims-management company, to Belron Group subsidiary Safelite Group, Inc., parent company to Safelite AutoGlass.
The financial terms of the deal were not disclosed.
Formed through the combination of JN Phillips Auto Glass and existing CenterOak platform investment Techna Glass, Inc., TruRoad provides capital and support to on-demand auto service and claims service organizations focused on the auto insurance sector, including windshield repair and replacement leaders JN Phillips Auto Glass, Techna Glass, Windshield Centers and Harmon Auto Glass, as well as claims engagement solutions innovator StrategicClaim.
Led by Robert Rosenfield, CEO, the company serves consumers, insurance firms and fleets across the United States through a network of company-owned, franchised and contracted providers offering both in-store and at-customer service via a fleet of mobile vans.
FinSMEs
26/08/2019