Express Glass
Industry:
Auto Glass Repair and Replacement
Year:
2016
Exit Date:
2022
Exit Type:
Trade Sale
Country:
Portugal
Investment Type:
Buyout
Stake
90%
Website:
ExpressGlass Group, comprising ExpressGlass, DiverAxial, and GlassCo, is a leading Portuguese player in auto glass repair and replacement.
By late 2021, the group operated 90 stores nationwide (44 owned, 46 affiliated), up from 82 stores at acquisition, covering mainland Portugal and the islands. It also supplied products wholesale through DiverAxial from warehouses in Porto and Lisbon.
The investment strategy focused on strengthening the group’s market position and improving operational efficiency.
In April 2022, the Group was sold to Cary Group AB, a Swedish leader in auto glass repair with over 70 years of experience, listed on Nasdaq Stockholm, and operating across Europe with 900+ stores and 400+ mobile units. This marked a successful exit for Inter-Risco’s fund.
