Home Service company Crash Champions Announces Growth Investment from Clearlake and Strategic Transaction with Service King

Crash Champions Announces Growth Investment from Clearlake and Strategic Transaction with Service King

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Founded in 1999 by Matt Ebert, Crash Champions is an American operator of over 200 collision repair facilities. After going from a single showcase to Chicago in a current 20-state network, each location is built on the values ​​of the company’s founder and operator, championing customer service and job satisfaction.

Since its founding in 1976, Service King has grown into one of the largest collision repair hubs in the industry with over 330 locations in 24 states. Today, Service King offers extensive coverage in many of the country’s fastest growing MSAs, including Atlanta, Austin, dallas, Houston, Vegas, Nashville, Phoenix, Salt Lake City, San Antonio, Seattleand washington d.c. Partnering with Crash Champions will allow Service King to better serve its customers and carrier partners, while creating long-term value for employees, suppliers and investors.

“Today is an exciting day for Crash Champions and another major milestone in our growth story,” said Mr. Ebert, Founder and CEO of Crash Champions. “This strategic combination further enhances our ability to serve our customers and insurance partners while creating advancement opportunities for our team members in both organizations.”

As part of the transaction, Clearlake provides growth capital to Crash Champions. This marks Clearlake’s second investment in the body industry, having recently announced the capital injection and debt recapitalization of Service King. The Crash Champions management team will execute the company‘s future strategy with Clearlake’s Support.

“This investment was driven by our thematic approach to investing in the automotive aftermarket and our specific identification of the collision repair industry as an ecosystem at a historic inflection point,” said José E. Feliciano, co-founder and managing partner, and Colin LeonardPartner of Clearlake. “The proliferation of vehicle technology has placed unique demands on workshop operators to invest in OEM certifications, equipment and most importantly their people to provide safe and efficient service. We are impressed with Matt and the Crash Champions management team and admire their commitment to customer service and reinvestment in their operations and talents. It is exciting to partner with them to create this differentiated national platform, and we look forward to use our OPS® to unlock the inherent value of this combination and position the platform for strong and continued growth. »

Following the conclusion of this agreement, the total headcount of the combined company will exceed 9,200 team members. Crash Champions and Service King have very complementary geographic footprints with limited overlap. During post-closing integration activities, Crash Champions and Service King will continue to operate in all service centers nationwide without interruption.

“We remain committed to the operator-first mindset that has guided us throughout our history. This approach has allowed us to successfully integrate hundreds of workshops and thousands of employees into one of the collision repair industry’s leading employers. As we welcome Service King’s customers and skilled team members into our family, we will continue this tradition and earn their trust every day,” concluded Mr. Ebert.

For more information on Crash Champions, visit our website and watch our video here. For collision repair businesses interested in selling their business, Crash has made it easy. Please visit www.crashchampions.com/sell-your-shop to learn more.

About Crash Champions

Crash Champions is a leading independent collision repair company, operating 218 state-of-the-art centers in 20 states, including: California, Colorado, Florida, Idaho, Illinois, Iowa, Kansas, Maryland, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Pennsylvania, Ohio, Oregon, Washingtonand Wisconsin—as well as washington d.c.. Founded in 1999 as a one-stop-shop outdoors Chicago by an industry veteran and entrepreneur Matt Ebert, today, Crash Champions is one of America’s fastest growing and largest founder-led and operated collision repair MSOs. For more information, visit www.crashchampions.com.

About Service King Collision®

Service King Collision®, now celebrating over 45 years of experience in the automotive repair industry, is a nationwide operator of high quality, complete collision repair facilities. The organization is consistently recognized for its commitment to customer satisfaction, the quality of its work, and its contribution to the industry through innovative training and recruitment initiatives. Service King has its roots in Dallas, TX and founder Eddie Lennoxwhich opened the first Service King in 1976. Today, Service King operates 334 locations in 24 states, as well as the District of Colombia. For more information, visit www.serviceking.com.

About Clearlake Capital Group

Clearlake Capital Group, LP is an investment firm founded in 2006 that operates integrated businesses in private equity, credit and other related strategies. With a sector-based approach, the company seeks to partner with management teams by providing patient, long-term capital to companies that can benefit from Clearlake’s operational improvement approach, OPS® The main target sectors of the company are industry, technology and consumption. Clearlake currently has more $72 billion of assets under management, and its senior investment directors have led or co-led more than 400 investments. The company is headquartered in Santa Monica, California with subsidiaries in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.

contacts:

For crash champions
Gaffney Bennett PR
[email protected]

For Clearlake
Jennifer Hurson
Lambert & Co.
(845) 507-0571
[email protected]

SOURCECrash Champions; Clearlake Capital Group