Announced
Completed
Financials
Tags
Private Equity
Friendly
Majority
Merger
Single Bidder
collision repair
Acquisition
Completed
Private
United States
Maintenance Repair and Overhaul (MRO)
automotive repairs
automobile repair services
maintanance
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.