Carousel Capital, a Charlotte-based private equity firm, on Monday said it made an equity investment in Joe Hudson’s Collision Center, a Montgomery, Ala.-based automotive collision repair service.
Carousel said it was partnering with management in the investment in an effort to expand the company, which has stores in Alabama, North Florida and Western Georgia. The private equity firm has previously invested in other automotive companies, including the franchise company for Meineke Car Care Centers.
The terms of the investment were not disclosed. Carousel was co-founded in 1996 by Charlotte financier Erskine Bowles, who currently serves as a senior adviser at the firm.