Friday, 23 September 2011 20:45

UPDATE: Two Major MSO Acquisitions are Pending

Reported rumors about one major multiple shop acquisitions were confirmed October 5.

Caliber Collision Centers, operator of several collision repair facilities in California and Texas, announced October 5 it has signed an agreement to acquire 911 Collision Centers.

Recognized as one of the premier collision repair companies in the southwest, 911 Collision Centers has seven locations including four locations in Tucson, Arizona, one location in Scottsdale, Arizona and two locations in Las Vegas, Nevada.

Steve Grimshaw, Caliber Collision Centers’ Chief Executive Officer announced, “Our acquisition of 911 Collision Centers sets a new cornerstone in Caliber’s continued expansion plans. After spending time with 911’s management team, it quickly became apparent that 911 Collision Centers provides Caliber with the perfect opportunity to enter the Arizona and Nevada markets behind a well-established, high quality brand.”

“Partnering with Caliber Collision Centers will allow us to grow exponentially over the foreseeable future while sharing corporate best practices and operational efficiencies across the Arizona, Nevada, Texas and California markets” said Michael Quinn, Chief Executive Officer of 911 Collision Centers.

This is Caliber Collision Centers first expansion into locations outside California and Texas and increases the company’s total number of locations from 84 to 91.

For more information about Caliber Collision Centers, visit www.calibercollision.com.

Rumors are still unconfirmed about a tie up including Texas based Service King Collision Repair Centers.

More details as they become available.

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