Announced
Completed
Synopsis
Private equity firm Alvarez & Marsal Capital-backed Pacific Elite, an operator of collision repair shops in California, completed the merger with Crash Champions, a collision repair business services provider. Financial terms were not disclosed. "After seriously considering a range of different options, we are confident that this combination of two leading regional providers with the financial backing of a capital partner that is well-versed in the automotive collision repair industry is the best path forward to realize our expansion ambitions, and we could not be more energized about the future of our company," Mike Salyards, Pacific Elite President.
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