Ropes & Gray LLP acted as legal advisor to TSG. K&L Gates acted as legal advisor and Harris Williams acted as financial advisor to Carousel Capital and JHCC.
TSG Consumer Partners is a leading private equity firm focused exclusively on the branded consumer sector. The company operates approximately 110 state-of-the-art auto body repair shops across the Southeastern region of the United States.
The company entered into a definitive agreement to acquire a majority stake in Joe Hudson’s Collision Centers (“JHCC”) from Carousel Capital.
Carousel Capital and JHCC management will continue as minority investors in the Company.
Financial terms of the transaction were not disclosed.
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. JHCC employs highly skilled professionals dedicated to providing customers with outstanding customer service and quality repairs. The Company’s shop footprint serves local customers in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, Tennessee, Texas and Virginia.
Ropes & Gray team advising TSG Consumer Partners included private equity partner Paul Van Houten (Picture), private equity associate Dan Cowan, finance partner Alex Zeltser, benefits partner Renata Ferrari, strategic transactions partner Michael Littenberg, tax partner Pamela Glazier, real estate partners Peter Alpert and Jack Creedon, IP transactions counsel Emilia Cannella, and labor & employment associate Jen Cormier.
Involved fees earner: Peter Alpert – Ropes & Gray; Emilia Cannella – Ropes & Gray; Jennifer Cormier – Ropes & Gray; Daniel Cowan – Ropes & Gray; Jack Creedon – Ropes & Gray; Renata Ferrari – Ropes & Gray; Pamela Glazier – Ropes & Gray; Michael Littenberg – Ropes & Gray; Paul Van Houten – Ropes & Gray; Alexander Zeltser – Ropes & Gray;
Law Firms: Ropes & Gray;
Clients: TSG Consumer Partners;