Acquisition leverages the strengths of both businesses and enhances business opportunities.
Safelite Group, a vehicle glass services company and owner of Safelite Solutions, has reached an agreement to acquire the assets of Richardson Auto Glass. The transaction was completed on June 4.
Richardson Auto Glass was founded in 1992 and grew to be a respected leader in the auto glass industry. The company now serves Dallas, Texas, surrounding communities, and east into Louisiana.
“This acquisition nicely leverages the strengths of both businesses and enhances the opportunity to expand our customer base while increasing the value provided to our clients,” said Tom Feeney, president and CEO of Safelite Group. “Richardson Auto Glass is a well-respected company with talented people and strong relationships. We’re very excited to welcome new team members to Safelite and look forward to a promising future.”
Richardson is being sold to Safelite Group in order to enable its associates and clients to leverage Safelite’s excellent operational systems, world-class distribution network, global purchasing power, strong insurance and commercial relationships, and state-of-the-art contact centre operations.
“The synergies with our businesses made this acquisition extremely attractive,” said Sean Queen, Richardson Auto Glass’ CEO. “Safelite’s focus on their people, innovation and service, as well as their leadership and outstanding reputation, nicely align with our philosophies.”
With Safelite Group, the Richardson Auto Glass team will find a home with a 120-year-old parent company, Belron, which has the resources to further invest in its vehicle glass repair and replacement business.