Growing national MSO Crash Champions enters Colo. with 2 dealsBy on
Announcements | Business Practices | Market Trends
Crash Champions on Monday announced it had reached Colorado with the purchase of five auto body shops in the Front Range Corridor.
The growing, private-equity-powered, national MSO has a focus on direct repair programs and could present increased competition to both DRP and non-DRP shops in the area. It’s been said that insurers like dealing with larger national collision operations and a single point of contact rather than numerous independent shops within individual markets.
Crash Champions bought Thornton, Colo.-based Karas Auto Body and the four-shop Auto Collision Experts in the Fort Collins, Colo., area.
“With the integration of ACE and Karas into our platform, we not only gain entrance into an exciting new market with significant growth potential, we welcome a new set of expert technicians and skilled professionals to the Crash family,” Crash Champions CEO Matt Ebert said in a statement. “The talent and reputational capital that these shops bring to the table put Crash in a strong position to grow throughout Colorado, and we look forward to bringing Centennial state residents the high-quality repair services and white glove customer experience for which we are known.”
The Colorado shops will join a national MSO poised to break 100 locations once it closes on the 24-shop Signature Collision deal announced last week.
Crash Champions is a major player in the Midwest but aside from a strong California presence had no other footprint out West. It will also move into Florida; Maryland; North Carolina; Pennsylvania; and Washington, D.C., once it closes on Signature. Ebert last week said the company desired to grow rather than just sell off to a competitor.
“At ACE, we have always been committed to service excellence and high-quality repairs, and those are key elements of the blueprint for success that Matt and his team have developed,” Auto Collision Experts co-owner Keith Hess said in a statement. “We are known for investing in our people, having a passion for quality workmanship, and for going above and beyond to make the repair process as smooth and painless for our customers as possible. That is what made us stand out to Crash Champions, and that is what we will continue to do as part of Crash Champions. I am proud of everything that our employees have accomplished in order to put ourselves in this position, and I look forward to the new opportunities for growth and expansion on the horizon.”
“Crash Champions Enters Colorado Market with Acquisitions in Denver and Fort Collins Metro Areas”
Crash Champions, June 28, 2021
Featured image: The Crash Champions logo is shown. (Provided by Crash Champions via PRNewsFoto)