Focus Advisors said it is seeing increasing interest by successful dealership owners to sell their body shops and enter services agreements.
Private equity firms continue to invest more and more capital with implications for MSOs and single shops that cannot be ignored.
Focus Advisors announced the successful sale of Action CARSTAR, a three-shop Ohio-based MSO, to CollisionRight.
Focus Advisors has announced the sale of CARSTAR Collision Clinic in Edmonds and Bellevue, Wash., to Puget Collision.
The acquisition and development strategies of key consolidators came more sharply into view during 2022.
Started in 1955 by the Mills family, Don Decker Sr. and Jack Vickery purchased the company in 1977 and grew it from a single shop to four collision repair locations.
A slowdown in acquisition in the first six months was attributed to general industry conditions experienced by every operator that put more of a focus on current production rather than future growth.
M&A firm says dealers should step up, invest and perform at the level of consolidators and MSOs, or step back and realize improved operational and financial benefits by selling their shops.
Based on Focus Advisors’ proprietary data, a total of 62 MSOs were acquired in 2021 with a transfer of 327 locations that formerly belonged to independent MSOs.