FOCUS Investment Banking LLC, a national middle market investment banking firm, announced that seven Collision Care Auto Body Centers have been acquired by Caliber Collision Centers. FOCUS represented Collision Care in the transaction.
Collision Care is the Philadelphia area’s location for collision repair and auto body restoration while Caliber Collision Centers is the largest collision repair company in the U.S. The acquisition adds Val Fichera, Collision Care’s CEO and BodyShop Business’ 2015 Multi-Shop Executive of the Year, along with his six-sigma management staff to the Caliber team, and immediately gives Caliber a significant presence in and around Philadelphia.
“It’s exciting to take the next step with the Collision Care organization,” said Fichera, who is joining the Caliber Collision team as the northeast director for Pennsylvania, New Jersey and New York. “When I took over the business more than 20 years ago, we were just one shop. I’ve been aggressive, and we have grown rapidly since. Our whole team is looking forward to having even more success with the resources Caliber brings.”
David Roberts, managing director and FOCUS Investment Banking Automotive group leader who led the engagement for FOCUS, saw Collision Care and Caliber as ideal partners.
“Val set a very high bar for service quality and wanted an acquirer who would continue that quality commitment,” said Roberts. “Caliber not only establishes itself as a significant player in the greater Philadelphia market, but does so with a rapidly growing operation with a superb track record of client and customer satisfaction. This is a win for both parties.”
The Collision Care acquisition represents the most recent sale of high-profile collision repair industry companies by FOCUS, including Keenan Auto Body, B&R Auto Body, Gladwin Paints, Kayfield Automotive Paint and Aquia Auto Parts.
