TPG to acquire Classic Collision from New Mountain Capital.

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.