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Press release

Press release

05-07-2013

Safelite® Group Acquires Maryland-Based Royal Glass

Deal finalized on May 3, 2013

COLUMBUS, Ohio – May 7, 2013 - Safelite® Group, the nation’s leading vehicle glass company and owner of Safelite AutoGlass®, has reached an agreement to acquire substantially all of the vehicle glass division assets of Maryland-based Royal Glass Company Inc., not including Royal’s tire-related business in Capitol Heights. The deal was finalized at the close of business May 3, 2013.

Established in 1971, Royal Glass is a well-respected company with a prominent vehicle glass repair and replacement brand in the Washington, DC area, operating six retail locations in Alexandria, Capitol Heights, Prince Fredrick, Rockville, Waldorf, and Woodlawn. Royal Glass employs 45 people.

The acquisition is the continuation of Safelite’s mission to grow in the U.S. and to become the customer’s “natural choice” for vehicle glass repair and replacement services. It will allow for more coverage to better serve customers and meet insurance client needs.

Royal’s current management team, including Tom Parbuoni, Jimmy Parbuoni, and Brian Show, will play a significant role in the transition. With their combined expertise in management / operations and vehicle glass repair and replacement, they will make excellent additions to the Safelite® team

“We are delighted to welcome Royal Glass’s employees to the Safelite® team,” said Tom Feeney, president and CEO of Safelite® Group. “As we continue to grow our company – both through strategic acquisitions of smaller, strong regional brands, as well as through organic growth, we know that our associates will benefit from our commitment to giving them all the resources they need to succeed and that our customers will continue to receive the best value and service in the industry.”

Safelite® Group is a subsidiary of Belron®, the world’s largest and most successful retail vehicle glass repair and replacement company. Belron® operates in 34 countries.

About Safelite® Group

Safelite® Group is a multi-faceted vehicle glass and claims management service organization based in Columbus, Ohio. The company, which has been in business since 1947, is comprised of four major business operations that include Safelite AutoGlass®, a vehicle glass repair and replacement services provider; Safelite® Solutions and Alliance Claims Solutions®, which offer fleet and insurance claims management services; Service AutoGlass®, a wholesale and distribution operation; and Safelite® Glass Corp., a manufacturing and distribution business unit. The company employs nearly 10,000 people throughout the United States. For more information, visit www.safelite.com

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Media Contact: Melina Metzger, Safelite® Group, 614.210.9232, melina.metzger(at)safelite.com

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