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Wednesday, 27 January 2021 17:42

2020 Collision Year in Review by Focus Advisors

Index

...the six-shop MSO Hodges Collision in Houston and several single shops in their key markets in Texas, ending the year with 42 shops.

 

Fast Growing Regional MSOs

 

Many regional and single-city MSOs continue to grow by acquisition. With the plethora of single-shop and small MSO owners looking to find homes, the opportunities to grow regionally are expanding.

 

Among the notable operators at this scale are Collision Works, based in Oklahoma City, which has more than doubled its locations over the past two years to a total of 35 shops in Oklahoma and Missouri.

 

John Harris Body Shops, operated by the three offspring of founder John Harris, now totals 15 shops in South Carolina and Georgia. Their expansion has been primarily with greenfield shops.

 

G&C Auto Body in Northern California is another second-generation operation, headed by the Crozat brothers, with 17 shops that continues to expand largely by acquisition. 

 

Currently the largest CARSTAR franchisee, Chilton Auto Body, a 12-shop California-based MSO, is poised for further growth after adding former Service King CEO Chris Abraham as its new CEO.

 

Mike’s Auto Body, another robust Northern California operator overseen by second generation executives Brennan Rose, CEO, and Ragen Rose, CFO, has expanded to 16 shops.

 

Valuations

 

With single-shop acquisitions being the most frequent transaction in the industry, valuations are more easily tracked in our proprietary database.

 

Not surprisingly, with an increasing number of sellers, transaction values have come down over the past two years. However, continued opportunities for sellers now include...


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