OMERS Private Equity (OPE)—along with existing management—has acquired Caliber Collision Centers from private equity firm ONCAP, Onex Corporation’s mid-market private equity platform.

Financial terms of the deal were not disclosed.

Based in Dallas, Texas, Caliber is the largest independent provider of automotive collision repair services in the United States with a network of 157 collision centres in California, Texas, Arizona, Nevada, Oklahoma and Colorado.

“We are thrilled to partner with Steve Grimshaw, president and CEO of Caliber, and his management team for the company’s next phase of growth,” says Tim Patterson, senior managing director at OPE. “We believe that Caliber will continue to distinguish itself as the market leader in the highly fragmented collision repair industry in the years ahead.”

The company has approximately 3,700 employees and repairs more than 285,000 vehicles annually.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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