The company provides automotive paint and body repair services through its platform of more than 157 collision centers throughout the southwestern and western United States. The compelling combination of long-term growth fundamentals with the need-based dynamics of the industry has consistently proven to be an attractive investment thesis.”Ĭaliber is one of the largest, non-franchised collision repair centers in North America. “This transaction also exemplifies the continued interest in the sector, which we expect to continue for the foreseeable future. By partnering with premier clients like Caliber, we have built the leading middle market sell-side platform in the automotive aftermarket,” added Joe Conner, a director at Harris Williams & Co. “The Caliber transaction marks an important milestone in the continued growth and expansion of our efforts in the sector. “Management and ONCAP have done a tremendous job building the premier platform in the collision repair sector, and we are excited to have found a great new partner that is eager to support management as they continue to execute their growth strategy.” “Caliber is a remarkable collision repair platform with an outstanding management team and an exceptional track record of growth,” said Frank Mountcastle, managing director at Harris Williams & Co. The transaction was led by Frank Mountcastle, Joe Conner and Jershon Jones from Harris Williams & Co.’s Transportation & Logistics (T&L) Group along with Chris Williams, Chip Duggins and Jay Beekman from the firm’s Richmond office. Harris Williams served as lead advisor on the transaction, which closed on November 20, 2013. , a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Caliber Collision Centers (Caliber), an operating company owned by ONCAP, to OMERS Private Equity (OPE).
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