Shagrir Group Vehicle Services
Roadside assistance, towing, and vehicle repair services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| ILS | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 4 % | (23 %) | 33 % | 22 % | 12 % | 11 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 6 % | 13 % | 12 % | 9 % | 11 % | 14 % | 16 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | 2 % | 4 % | (1 %) | 3 % | 3 % | 4 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
In 1984, the Israeli landscape of vehicle services was about to change. A consortium of insurance companies, including "Hasneh" and "Phoenix," along with "Delek," acquired a towing company, laying the groundwork for what would become Shagrir Group Vehicle Services. The company officially began operations with a clear mission: to provide towing, rescue, and roadside assistance across the country. The business model was straightforward, focusing on building a large subscriber base, primarily through insurance companies. This strategy proved effective, and by 1990, the company had already amassed around 300,000 subscribers. Over the years, Shagrir expanded its offerings beyond basic towing, establishing a national network of service centers specializing in bodywork and paint, becoming a one-stop shop for post-accident care. A significant turning point came in 2004 when the investment firm DBSI, led by Barak Dotan and Yossi Ben-Shalom, acquired the company. This acquisition set the stage for the next major chapter. In 2016, Shagrir split from its then-parent company, Pointer Telocation, and went public with an IPO on the Tel Aviv Stock Exchange. This move solidified its position as a major public entity in the Israeli market, continuing to serve insurance companies and the general public with an expanding portfolio that includes car rentals and even the car-sharing service Car2Go.
