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Thursday, 20 January 2022 08:48

Garnett Station Partners Invests in VIVE Collision

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Garnett Station Partners, LLC, a New York-based principal investment firm, on Jan. 20 announced it has made a growth investment into VIVE Collision, a leading collision repair multi-site operator in four Northeast states.

Financial terms of the transaction were not disclosed.

 

Garnett Station was founded in 2013 by Matt Perelman and Alex Sloane and manages approximately $1 billion of assets.

 

VIVE was founded in 2021 by Vartan Jerian Jr., Scott Leffler and Philip Taub, and is led by an executive team with more than 50 years of industry experience. VIVE operates collision repair facilities across New York, Massachusetts, Maine and Rhode Island with a dedicated focus on providing the highest-quality, people-first collision repair experience in the industry by prioritizing honesty, transparency and reliability for its customers.

 

“VIVE Collision is an extremely attractive platform opportunity given its market leadership, differentiated commitment to customers and the strength of its deep management team,” said Sloane, co-founder and managing partner at Garnett Station. “We are extremely excited to partner with Vartan, Scott, Phil and the entire VIVE team to provide growth capital and operational resources to support the company on its continued growth path.”

 

“The collision repair industry is at an inflection point, fueled by changing technology as well as training and certification requirements to service today’s modern vehicle," said Jerian, co-founder and CEO of VIVE. "We are excited to partner with Garnett Station, who offers...


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