TSG taps $4bn fund to buy Joe Hudson’s Collision Centers from Carousel Capital

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Sector specialist private equity house TSG Consumer Partners has agreed to buy a majority stake in Joe Hudson’s Collision Centers from Carousel Capital.

Carousel bought into the US vehicle body repair shop chain five years ago through a recapitalisation deal.

TSG managing director Pierre LeComte said, “JHCC’s longstanding reputation for providing customers with exceptional service has enabled it to grow into one of the leading regional players in the collision repair industry.

“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.”

The deal comes just a few months after TSG struck a $4bn final close for its TSG 8 fund, which swelled the firm’s assets under management to about $9bn.

TSG made the debut deal from that fund in March by picking up yoga fitness studio operator CorePower Yoga from L Catterton.

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