September 28, 2018
Posted September 28, 2018 - Denver, CO
W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, announced today that it acted as financial advisor to Automotive Business Solutions, Inc. in its sale to Cambium Equity Partners.
Founded in 2001 and headquartered in Westminster, Colorado, Automotive Business Solutions, Inc. (“ABS” or the “Company”) provides nationwide repair and labor warranty, roadside assistance and tire warranty services as well as an administrator program to the automobile aftermarket industry.
“ABS was founded on the principal idea of providing superior service to its customer and has experienced continued growth since,” said Rick Ruel, President and co-founder of ABS. Today, the Company has approximately 35,000 repair shops under its umbrella. Said Steve Halgren, Vice President and co-founder of ABS, “after 17 years, Rick and I believe now is the right time to transition the Company to someone who can take ABS to the next level. We believe Michael Cox is that person and we are excited that Michael will build on the platform and values we created.”
Michael Cox, Managing Partner of Cambium, will become CEO of ABS. “Rick and Steve have built a company that provides a unique solution to automobile owners and individual repair shops,” said Michael. “I am honored to be a part of ABS and excited to carry on the exemplary service for which ABS is known. I look forward to working with Rick and Steve as we work to continue ABS’ growth.”
About W.G. Nielsen & Co.
W.G. Nielsen & Co. is one of the Rocky Mountain region’s premier FINRA-registered investment banking firms, specializing in mergers and acquisitions and innovative capital solutions. Founded in 1996, Denver-based W.G. Nielsen & Co. is the oldest independently owned investment banking firm in the region. The firm differentiates itself with a staff of senior investment bankers who have broad experience and important relationships in their areas of expertise. The firm’s bankers have collectively closed hundreds of transactions throughout the United States and internationally.