ONCAP, a Toronto-based private equity firm, has sold Caliber Collision Centers to OMERS Private Equity (OPE). Caliber is one of the largest, non-franchised collision repair chains in North America. The company provides automotive paint and body repair services via more than 157 collision centers throughout the southwestern and western United States.
Since 2008, the company has more than doubled the number of collision centers it operates and established a presence in more than 15 markets.
BB&T Capital Markets served as financial advisor to Caliber and ONCAP in the transaction. The deal represents BB&T’s fifth sale of a major collision repair chain in the last five years. They were Carstar in 2008, True2Form Collision Repair Centers in 2010, the Boyd Group in 2011, Service King in 2012 and Caliber in 2013.
Harris Williams & Co., a middle market investment bank, served as lead advisor on the transaction, which closed Nov. 20. The transaction was led by Frank Mountcastle, Joe Conner and Jershon Jones from Harris Williams’ Transportation & Logistics Group, along with Chris Williams, Chip Duggins and Jay Beekman from its Richmond, VA office.
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