AMA Group released its half yearly report last week which showed the company spending nearly a million dollars on Blackstone due diligence. US buyout giant Blackstone is interested in buying the AMA Group currently.
The AMA Group has been very busy with its cheque book this year and has reported the acquisition of 10 new businesses for the Vehicle Panel Repair division and four new “greenfield” builds for contracts in the 6 month period. This acquisition program continues with seven more businesses acquired subsequent to 31 December 2017. The network now consists of 106 shops;
As far as operating results the group declare themselves to be happy with these. Reported earnings before interest, tax, depreciation and amortisation (“EBITDA”) has increased from $18.357 million to $20.623 million; a 12.3% increase. Adjusting this result for the impact of abnormal items normalised EBITDA has increased to $26.201 million; an increase of 27.5%.