The acquisition of Fountain Valley Bodyworks is the sixth transaction completed by Crash Champions, and its second this year in the Southern California market. In March, Crash Champions completed its merger with Pacific Elite, the largest family owned operator of collision repair shops---23 total---in California.
Additional completed acquisitions this year include five shops in Missouri, three shops in Ohio and one shop in Wisconsin. The company plans to rebrand all its shops under the Crash Champions name by the end of this year.
"We entered 2020 with the goal of expanding our presence into the densely populated Southern California market through smart partnerships and acquisitions that fit with both our business model and culture," said Matt Ebert, founder and CEO of Crash Champions. "Over its near-50-year history, Dave and his team have built a reputation and track record of success that is not only unmatched in the market, but on a per shop basis has outperformed the entire U.S. collision repair industry.
"We're thrilled to bring this leading name into the Crash Champions family and look forward to leveraging Dave's experience and vision to continue our growth not only in Southern California, but across every market where we operate."
Fountain Valley Bodyworks was advised by B. Riley Securities, Inc. and Ferruzzo & Ferruzzo, LLP. Crash Champions was advised by Goodwin Procter, LLP. Terms of the deal were not disclosed.
Source: Crash Champions