AMA adds another acquisition

The panel beating group’s new acquisition has sparked a change to our forecasts.

Before Christmas, AMA purchased Brisbane-based Shipstone Accident Repair Specialists for $1.44m – the group’s second panel repairs acquisition following RMA in July 2014.

It is AMA’s first entry into the Queensland panel repair market with both existing panel businesses (RMA and Mr Gloss) being Victorian-based. The timing is supportive, with a considerable amount of repair work following Brisbane’s recent hailstorm.

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