JN Phillips Auto Glass, Windshield Centers, StrategicClaim and TeleGlass National are now a part of the newly established Bowrail Group, which is an investment holding company formed by Bob Rosenfield, CEO and chairman of Bowrail Group.
“As a family-centered, closely-held business, we had some family shareholders who wished to exit recently,” Rosenfield says. “I chose to form Bowrail Group to acquire the entire set of businesses from the exiting shareholders and establish a solid platform to raise capital for growth.
“My decision was based on two key areas: My strong belief in the character and resourcefulness of our team members and our commitment to our people and our belief in using technology to provide exceptional value to our customers in a fast-changing marketplace,” he adds.
The first management move by Bowrail was to name Maureen Confalone, a 20-year company veteran, to the role of managing director.
“We expect this to be the first of many such appointments at the companies, as we have a great group of professionals at our organization who will lead us to fulfill our mission,” says Rosenfield.
The name of the new investment holding company is based on a nautical term, he explains.
“A bow rail is found on the front (bow) of the boat, and serves as a grab rail. In the best of use, equipped with a bow rail, a vessel can go faster and navigate in more challenging sea conditions, yet still maintain a safe and secure ride for the occupants,” Rosenfield says.
Massachusetts-based JN Phillips and Windshield Centers are regional AGRR companies that encompass 52 locations and almost 400 employees. The two brands have estimated annual automotive glass retail sales of $70 million.
StrategicClaim specializes in first notice of loss and resolution for the insurance claims industry and TeleGlass offers a national automotive glass service delivery system.
“TeleGlass has a diverse team and employs former auto glass technicians and licensed insurance adjusters who have gone through extensive training to be able to assist you with your broken auto glass,” according to the company’s website.