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Sep-26-2007 23:37TweetFollow @OregonNews
Local Oregon Auto Body Shop Sees Big ChangesTim King Salem-News.com
Based in Tigard, Oregon, Kadel’s is the region’s largest provider of auto body repair services.
(TIGARD, Ore.) - A number of decades old Northwest businesses enjoy name recognition. But founders pass away, companies are sold, some are inherited by clueless heirs, and many close. But some businesses, fortunately, take the necessary steps to not only endure, but also profit and prosper from the employment of sound strategies.
Founded in 1954, Kadel’s is the 10th largest independently owned auto body collision repair provider in the U.S. You have already heard of it, most of us have, but the people running Kadel's say their business is on a steady upward climb.
Kerry Glass, the Marketing Manager for Kadel's Auto Body, says their current management team acquired Kadel’s in 1995, and over the past twelve years the company has expanded to twelve locations. Glass bases this successful expansion on its partnership with the insurance industry, and the quality of its customer service and reputation in the communities it serves. Based in Tigard, Kadel’s is the Pacific Northwest’s largest provider of auto body repair services.
One of the big changes according to the management of Kadel’s Auto Body LLC, came August 1st, 2007 when they recapitalized with the assistance of KCB Management of Pasadena, California.
Kadel’s management team has maintained a significant equity stake in the recapitalized entity; and they will retain operational autonomy and day-to-day management control.
“Toby Wiltse, Don Braden and the Kadel’s management team have built a strong company providing quality repairs and customer service; we are proud to be associated with them,” said Harvey Knell, President of KCB Management.
“We are excited about this partnership. Our management team will be able to continue to operate the company just as we do today; having KCB as a partner will provide us with additional financial expertise and capital to continue expanding our business,” said President Don Braden.
KCB Management, Inc., founded in 1986, is a family-backed private investment firm based in Pasadena that invests in small to medium sized businesses primarily in the Western U.S. KCB is a generational investor, offering management teams a long-term continuity of ownership to their businesses.
Glass says KCB’s philosophy allows them to build strong relationships with management and nurture solid growing companies. KCBs other holdings include HomeUSA Warehouse, a retailer of discount furniture in the Pacific Northwest, Salt Lake and Phoenix markets; 49 skilled nursing facilities located in eight states and a significant portfolio of retail shopping centers and multi-family housing.
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