fbpx

John Yoswick

John YoswickJohn Yoswick is a freelance automotive writer based in Portland, Oregon, who has been writing about the collision industry since 1988. He is the editor of the weekly CRASH Network (for a free 4-week trial subscription, visit www.CrashNetwork.com).


He can be contacted at john@crashnetwork.com 

Wednesday, 06 January 2021 19:53

Mid-Sized MSOs Talk About Growth Strategies, Views of OEM Certifications

Written by
Mid-sized MSOs talked about where they are---and where they foresee going---during a recent panel discussion. Mid-sized MSOs talked about where they are---and where they foresee going---during a recent panel discussion.

Index

...putting a tool in the hands of somebody who doesn’t know how to use it doesn’t do you much good.”

 

Crash Champions added 10 locations in 2020, and Ebert thinks the pandemic and economic downturn have played some role in the company’s growth.

 

“I think there [are shop owners who] are having conversations with us about maybe selling that wouldn’t have talked a year ago, just because of the uncertainty,” Ebert said. “”Maybe before they wanted a few more years before they considered it. Now they might have that conversation.

 

"I don’t think they’re selling any cheaper than they would have before COVID, because why would they? They could just wait it out. But I think people are considering it now that maybe wouldn’t have before.”

 

The other panelists said their organizations are currently less focused on acquisitions.

 

“I frankly see it as a pretty good place in the market to be,” Amberson said of his company’s footprint in the Twin Cities market. “I would see our company continuing to grow but at a more modest pace, growing more within our region, a shop or two every year, something along those lines.”

 

Kendrick, too, said he is more focused on growth within the company.

 

“I think COVID has brought some opportunities; I was able to bring some very talented people on board that were laid off to help us grow as a better organization,” Kendrick said.

 

Kelly said his company “looks for opportunities” to add shops but is being “real selective” currently.

 

“I want to grow [revenue] back to where we were pre-COVID first,” Kelly said.


Share This:
 


« Previous Page Continue reading