This morning, smash repairs group AMA Group Ltd (ASX: AMA) announced the acquisition of six Accident Repair Centres for $4.7 million. The deals will be funded out of existing cash reserves at an implied earnings before interest, tax, depreciation and amortisation (EBITDA) multiple of two times. This is low and suggests that AMA is getting excellent value for money.
Three of the centres are in New South Wales, two are in Queensland and one is in Western Australia. The company also announced its intention to open some new sites following consultation with insurance partners. The first two will be in South Australia and Victoria.
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