Master Collision operates four shops in and around Minneapolis, MN, and was in the process of acquiring a fifth location when it was acquired by Quality Collision. All five locations will operate under the Master Collision brand.
Master Collision Group was started in 1984 by Paul Oberstar, first as Paramount Collision in Minneapolis, then using the Master name after acquiring and opening three more locations just outside the city in Bloomington, Plymouth and Chanhassen.
This acquisition is the second for Quality Collision Group, a newly-formed platform Multi-Shop Operator backed by the private capital arm of Susquehanna International.
“Master Collision is the epitome of our growth strategy---quality people, quality locations and quality relationships," said Quality Collision Group CEO Jerod Guerin. "We are proud to carry on the Master legacy by building it into a top service provider in the Twin Cities.”
“I’ve spent 34 years in this business and we were still growing," said Oberstar. "Finding the right partner to keep the name and the growth going was important to me. Quality has the capital and the drive to do that---and to bring my team along with them.”
David Roberts, managing director of Focus Advisors, observed that Quality has taken a unique approach in its acquisition strategy with a focus on large metro area platforms with high end certifications and dealer relationships.
“Master Collision exemplifies that as the only...
...BMW certified repairer in their market, while also delivering large, state of the art facilities and process excellence,” Roberts said.
After 36 years, Oberstar decided it was time to exit the business and selected Focus Advisors to represent him.
“I needed experienced investment banking expertise to get the value I deserved from my life’s work, but equally important to me was trust in the people who would be working with me," Oberstar said. "David Roberts and Chris Lane of Focus have both, and I’m extremely happy I chose them as my partners in this process.”
Source: Focus Advisors
