fbpx
Tuesday, 17 November 2020 18:07

CenterOak Partners Forms New Platform by Investing in Leading Collision Repair Company

Index

CenterOak Partners LLC, a Dallas-based private equity firm, announced Nov. 17 the formation of CollisionRight, Inc., a leading regional multi-shop operator of auto body repair services in the Central U.S.

CenterOak’s investment will provide capital to support the growth of the newly-formed entity. Terms of the transaction were not disclosed.
 
CollisionRight, headquartered in Columbus, OH, provides auto body collision repair services through a recently established network of 20 facilities located in Ohio, Kentucky and Michigan. CollisionRight differentiates itself through a passion for quality repair work, backed by heavy investment in state-of-the-art equipment, facilities, technician training and auto manufacturer certifications.

 

CollisionRight shops repair more than 20,000 cars a year and maintain strong relationships with insurance carriers through participation in more than 30 direct repair programs.

 

Rich Harrison, an experienced automotive aftermarket executive and co-founder of former CenterOak portfolio company TruRoad, serves as CEO of CollisionRight.
 
“We developed an investment thesis around the essential nature and resilience of the auto aftermarket and the many ways that an operationally focused investor can drive performance improvement,” said Randall Fojtasek, CEO and a managing partner of CenterOak. “We are excited to partner with Rich Harrison again to create CollisionRight.

 

"This investment, which marks the first time institutional capital has been provided for the company...


Previous Page Continue reading »