Caliber, Abra Finalize Merger - BodyShop Business

Caliber, Abra Finalize Merger

Caliber Collision Centers and Abra Auto Body Repair of America have announced the closing of their merger that unites the companies’ teams, brands and operations across the U.S.

Caliber Collision Centers and Abra Auto Body Repair of America have announced the closing of their merger that unites the companies’ teams, brands and operations across the U.S.

Going forward, Caliber states that “the combined company will be investing even more in enhanced technologies, specialized resources and innovative processes to redefine world-class standards for quality repairs and customer service in the industry.”

“Caliber and Abra have very similar leadership philosophies and cultures,” said Steve Grimshaw, CEO of Caliber, who now serves as CEO of the new combined company. “Combining these two world-class organizations will allow us to offer our customers greater convenience of our best-in-class collision repair experience across 37 states and the District of Columbia.

“We plan on maintaining all existing centers from both companies as we embark on our journey to create one company with one operating model and one culture. We plan on further strengthening our culture that strongly supports our teammates’ careers behind industry-leading development programs. And we remain committed to serving our valued insurance clients through the companies’ partnership programs, while enhancing their customers’ overall experience and complete satisfaction.  That ability to stay ahead of what’s next will be vital in an industry that becomes more complex every year.”

The new combined company, now operating under the Caliber brand name, will provide customers and clients with the first national lifetime warranty along with even more offerings, including dedicated non-drive facilities, express repair centers and aluminum-certified and high-line centers. The combined company will also offer glass repair, diagnostic scanning and calibration services and a broad network of OEM-certified locations in the U.S.

Terms of the transaction were not disclosed. Private equity firm Hellman & Friedman – Abra’s majority shareholder since 2014 – will become the majority shareholder of the combined company. Caliber’s two largest shareholders, OMERS and Leonard Green & Partners, L.P. (LGP), will be minority shareholders in the combined company.

You May Also Like

Automotive Parts Associates to Host Annual General Meeting

APA will be hosting its 2024 Annual General Meeting March 26-28, 2024 at the Grand Hyatt San Antonio River Walk in San Antonio, Texas.

Automotive Parts Associates (APA) announced it will be hosting its 2024 Annual General Meeting March 26-28, 2024 at the Grand Hyatt San Antonio River Walk in San Antonio, Texas.

Every year, shareholders of APA, members of TruStar and supplier partners gather to mix, mingle and network with one another. The event kicks off with a group welcome reception and "date night," where a supplier takes a shareholder or member to dinner. From group breakfasts, lunches and dinners to shareholder and member one-on-one sessions with suppliers, there will be ample time to make connections and discuss business. On the final night, there will be a special awards dinner at the Buckhorn Saloon & Museum.

Auto Care Association Launches REPAIR Act Video Campaign

In the new campaign, shop owners from across the U.S. share their stories on the increased challenges independent repair shops are facing with accessing repair data to service their customers’ vehicles.

AkzoNobel Using 100% Renewable Electricity in Latin America

The milestone — reached late last year — follows similar achievements in North America and Europe.

AASP/NJ Mourns Loss of Board Member Sam Mikhail

Mikhail was an AASP/NJ Hall of Famer and served on the AASP/NJ board for decades.

Auggie Calibrations Meet EURO NCAP Standards

AirPro Diagnostics announced that the Auggie mobile static calibration device has now met the EURO NCAP safety standard.

Other Posts

SCRS Announces Podium as Newest Corporate Member

Podium provide solutions that allow collision repair centers to capitalize on messaging, customer feedback, online reviews, selling products and requesting payments.

Jerry’s Abra Sponsors Uniforms for South Central College

Auto body students at the college in North Mankato, Minn., will now have the proper attire to wear to class.

LKQ FinishMaster, CREF Announce 5th Annual Hood Master Challenge

The 5th Annual Hood Master challenge event will take place Aug. 29, 2024 in Nashville, Tenn.

U.S. House Holds Hearing on EV Fires

The hearing dealt in part with concern for auto repair technicians and their need for training.