Announced
Financials
Sources
Tags
towing
Auto Services
auto body repair
painting
wheel repair
Domestic
Majority
Private Equity
Pending
Friendly
United States
car collision centers
glass repair
insurance estimates
Acquisition
Private
Single Bidder
Synopsis
TPG, a global alternative asset management firm, agreed to acquire Classic Collision, a national collision repair multi-site operator, from New Mountain Capital, an investment firm. Financial terms were not disclosed. “Today’s announcement is an exciting milestone for Classic Collision and a great testament to the strength of our team and our collective commitment to providing the highest quality service with integrity. TPG shares our vision, and I believe they are the right partner to help us take Classic to its next level. I also want to thank the New Mountain team for their tremendous support as we’ve grown our platform,” Toan Nguyen, Classic Collision CEO.
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