About Service King
Service King is a company based in Richardson (United States) founded in 1976 by Eddie Lennox was acquired by Blackstone in July 2014.. Service King has raised $200 million across 2 funding rounds from investors including The Carlyle Group, Blackstone and Clearlake Capital Group. The company has 4,886 employees as of December 31, 2023. Service King has completed 10 acquisitions, including Al Brodeur’s Auto Body, Autobody USA and Centralcollision. Service King offers products and services including Aluminum Repair, Hail Damage Repair, Dent Repair and Removal, Auto Glass Repair, and Auto Painting. Service King operates in a competitive market with competitors including Driven Brands, Meineke Car Care, Safelite, Express Oil Change and Take 5 Oil Change, among others.
- Headquarter Richardson, United States
- Employees 4886 as on 31 Dec, 2023
- Founders Eddie Lennox
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 M (USD)
in 2 rounds
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Latest Funding Round
$200 M (USD), Private Equity Round
May 31, 2022
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Investors
The Carlyle Group
& 2 more
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Employee Count
4886
as on Dec 31, 2023
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Investments & Acquisitions
Al Brodeur’s Auto Body
& 9 more
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Acquired by
Blackstone
(Jul 22, 2014)
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Products & Services of Service King
Service King offers a comprehensive portfolio of products and services, including Aluminum Repair, Hail Damage Repair, Dent Repair and Removal, Auto Glass Repair, and Auto Painting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Repairs aluminum components on vehicles to restore original condition.
Fixes hail-induced damage on car exteriors for safe operation.
Removes dents from vehicles without affecting paint or structure.
Repairs or replaces damaged auto glass for vehicle safety.
Applies professional paint to restore vehicles' appearance.
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Funding Insights of Service King
Service King has successfully raised a total of $200M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $200 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $200.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Private Equity Round - Service King | Valuation |
investors |
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| Aug, 2012 | Amount | Private Equity Round - Service King | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Service King
Service King has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, Blackstone and Clearlake Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Lower and mid-market investments are managed through private equity strategies.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Diversified investment management is provided across multiple asset classes.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Service King
Service King has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Al Brodeur’s Auto Body, Autobody USA and Centralcollision. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Vehicle body and frame repair services are provided.
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2005 | ||||
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Automotive collision repair services are provided to vehicle owners.
|
2004 | ||||
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Auto body repair services are provided in Fairburn, United States.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Service King
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Service King Comparisons
Competitors of Service King
Service King operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Driven Brands, Meineke Car Care, Safelite, Express Oil Change and Take 5 Oil Change, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aftermarket automotive services are franchised across the United States.
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| domain | founded_year | HQ Location |
Automotive repair and maintenance services are provided for vehicles nationwide.
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| domain | founded_year | HQ Location |
Automotive repair and maintenance services are provided for vehicles.
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| domain | founded_year | HQ Location |
Full mechanical service center chain specializing in oil change
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| domain | founded_year | HQ Location |
Oil change service provider for cars
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Service King
Frequently Asked Questions about Service King
When was Service King founded?
Service King was founded in 1976 and raised its 1st funding round 36 years after it was founded.
Where is Service King located?
Service King is headquartered in Richardson, United States. It is registered at Richardson, Texas, United States.
Who is the current CEO of Service King?
David Cush is the current CEO of Service King.
Is Service King a funded company?
Service King is a funded company, having raised a total of $200M across 2 funding rounds to date.
How many employees does Service King have?
As of Dec 31, 2023, the latest employee count at Service King is 4,886.
What does Service King do?
Service King was founded in 1976 in Richardson, United States, by Eddie Lennox. Automotive repair and maintenance are handled by the company within the vehicle service sector. Operations encompass collision repairs, mechanical servicing, and related maintenance for cars. Multiple locations are maintained across the United States under CEO David Cush. The domain serviceking.com supports online inquiries and information access.
Who are the top competitors of Service King?
Service King's top competitors include Driven Brands, Meineke Car Care and CARSTAR.
What products or services does Service King offer?
Service King offers Aluminum Repair, Hail Damage Repair, Dent Repair and Removal, Auto Glass Repair, and Auto Painting.
How many acquisitions has Service King made?
Service King has made 10 acquisitions, including Al Brodeur’s Auto Body, Autobody USA, and Centralcollision.
Who are Service King's investors?
Service King has 3 investors. Key investors include The Carlyle Group, Blackstone, and Clearlake Capital Group.
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