fbpx
Wednesday, 27 January 2021 17:42

2020 Collision Year in Review by Focus Advisors

Index

...about 1,215 shops, up from 1,113 at the beginning of 2020.

 

Among its significant acquisitions during the year were seven Professional Collision shops in Alabama, four Westside Auto Body shops in Idaho and three Neira’s Collision Centers in California. The vast majority of its growth occurred in the development of brownfield and greenfield shops and single-shop acquisitions.

 

Gerber began 2020 with more than 520 U.S. shops and closed on 24 in the first quarter, including the 12 Vision Collision shops in Idaho and Michigan and the six International Auto Crafters shops in California.

 

Second quarter, they paused to better survey the new reality of the COVID landscape. Third and fourth quarter they relaunched in Southern California, with the acquisition of 12 shops from First Certified Collision in the Inland Empire region east of L.A., and continued to grow in almost every region of the U.S., including four shops in Michigan and 14 in other states. Gerber ended the year with 578 shops.

 

At year end, Service King appeared to be awakening from its long hiatus, acquiring or opening five additional shops while closing one.

 

Scorecard 2020:

 

  • Caliber---102 additional shops
  • Gerber---50 additional shops
  • Service King---four additional shops

 

Private Equity Firms Continue to Search for Perfect Platforms

 

Private equity firms seeking to enter the industry have been looking for just the right platforms from which to launch new entrants into the industry. For them, the perfect platform has...


Read 1843 times