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Wednesday, 18 March 2020 08:13

Pacific Elite and Crash Champions Announce Merger

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Pacific Elite and its affiliated companies, the largest family-owned operator of collision repair shops in California, announced a merger March 18 with Crash Champions LLC, a leading regional collision repair business in the greater Chicago area.
The newly combined company will be the fifth-largest independent MSO in the country, with an established presence in two key metropolitan markets, Southern California and Chicago. 
 
Pacific Elite co-founders Tim Mullahey and Mike Salyards will retain an ownership stake in the combined company and remain active in the business, focusing on operations and growth.
 
"This business partnership with Crash Champions is a major milestone for our company," said Mullahey, founder and CEO of Pacific Elite. "Mike and I started Pacific Elite in 1998 with the shared goal of providing the highest level of customer care to vehicles with collision damage. We have made significant progress thus far in reaching our goal, and we now have a partner in Crash Champions with a shared emphasis on operational excellence and customer satisfaction, as well as the industry expertise in the Midwest to help us grow our footprint and further enhance the customer experience in our shops."
 
"In joining forces with Pacific Elite, another one of the industry's most respected and fastest growing regional collision repair platforms, Crash Champions is now positioned to take advantage of the scale benefits of being a national MSO and create further regional diversity in new geographic markets," said Matt Ebert, CEO and founder of Crash Champions. "Just like Pacific Elite, we pride ourselves on giving our customers a high-quality experience and creating a rewarding work environment for our shop employees, and I look forward to working together to amplify our efforts in this regard."
 
As part of this business combination, Pacific Elite secured an investment from A&M Capital Opportunities, a growth-focused middle-market private equity fund that made an investment into Crash Champions in July 2019. The investment will provide Pacific Elite with a capital partner to accelerate the company's buy-and-build strategy and support identified growth initiatives.

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