Transportation & Logistics Industry Update
Harris Williams Deal Spotlight
Joe Hudson’s Collision Centers
Harris Williams advised Joe Hudson’s Collision Centers (JHCC), a portfolio company of Carousel Capital (Carousel), on its sale to TSG Consumer Partners, LLC (TSG). JHCC is a leading platform in the collision repair industry, operating approximately 110 state-of-the-art auto body repair shops across the southeastern region of the United States. Carousel, JHCC's owner since 2014, will remain a minority investor in the company.
What We’re Reading
"The rapid rise of crash-avoidance technology has set carmakers and repair shops on course for a collision that could determine who controls the $800 billion auto aftermarket in the digital age...many automakers say only parts and repairs from their authorized dealers can ensure safety. This has drawn fire from the independent repair shops and suppliers that currently dominate the aftermarket. They say they can produce parts and fix cars at a fraction of the cost to drivers but are being locked out."
"Self-driving vehicles have the potential to improve safety and reshape cities to transport people more efficiently...Public and private stakeholders, including rideshare companies, public transit operators and local, state and federal governments all need to work together to create consistent industry regulations and streamline the testing and deployment of autonomous vehicles."
"For generations, marketers told us one can learn a lot about a person from the car they drive. Now, it's the cars that can tell manufacturers a lot about the people who drive them. Many drivers may not know it, but the latest in connected car technology in their new ride isn't just improving their comfort and safety. It may also be logging — and sharing — data from each journey."
Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.
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