Friday May 4
FinishMaster Announces Acquisition of Badger Paint Plus, Inc.
INDIANAPOLIS -- FinishMaster, Inc. has announced the acquisition of Badger Paint Plus, Inc. Headquartered in Fridley, Minnesota, Badger consists of six locations in three states. The three locations in Minnesota will provide a new hub for future growth, while the two locations in Chicago and one in Milwaukee will increase FinishMaster market share in these existing markets. With annual revenues of approximately $10 million, Badger Paint Plus, Inc. is FinishMaster's largest acquisition since 1998.
"We're excited about the increased opportunities the Badger acquisition will provide," stated Wes Dearbaugh, President and Chief Operating Officer. "This acquisition provides a new hub for growth and increases our presence in existing markets. In addition, Bruce Carson, the former owner of Badger, will join FinishMaster, Inc. as Vice President and will be responsible for the Minnesota hub. Bruce brings the experience of managing a well-run company, and he provides excellent leadership ability to FinishMaster."
"Seeking acquisitions has always been a part of our strategy," said Andre B. Lacy, Chairman and Chief Executive Officer. "Bringing Badger into FinishMaster reflects our commitment to the Collision Repair Industry. I look forward to Bruce Carson playing a leading role in FinishMaster thinking nationally and acting locally."
FinishMaster is a national independent distributor of automotive paints, coatings, and related accessories to the automotive collision repair industry. FinishMaster is headquartered in Indianapolis, Indiana and operates three major distribution centers and 162 branches in 25 of the 35 largest metropolitan areas in the country.
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