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New Deal


Announced

Completed

Summit Partners completed the acquisition of CollisionRight from CenterOak Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Motor Vehicle Manufacturing

Automobiles

United States

Acquisition

Domestic

Disposal

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Summit Partners, a private equity firm, completed the acquisition of CollisionRight, a collision repair operator, from CenterOak Partners, a private equity firm. Financial terms were not disclosed. “During CenterOak’s investment, CollisionRight grew revenue six-fold and became the sixth largest collision repair operator in the US. We have a history of developing investment themes and partnering with founders and talented executives to provide first time institutional capital. Alongside management, we invested in the team, operating systems, and growth, and have built a scaled provider with a market leading service offering,” Jason Sutherland, CenterOak Partners Managing Partner.

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