Caliber Collision Centers Acquired by OMERS Private Equity

Caliber Collision Centers has been acquired by Toronto, Canada-based OMERS Private Equity, along with existing management, from ONCAP private equity. The company’s locations offer AGRR services throughout the Southwest.

Caliber owns 157 centers in California, Texas, Arizona, Nevada, Oklahoma and Colorado.

The private equity company manages the activities of the OMERS pension plan for the OMERS group of companies and has more than $6 billion in Canadian dollars of investments under management. Other company investments include AcceleratedRehabilitationCenters, Constellation Software, Marketwire and more.

“We target investments in companies with enterprise values ranging from $200 million to $1.5 billion Canadian dollars,” according to the investment firm’s officials.

Caliber’s CEO says the company’s mission “will remain unchanged.”

“We are excited to be a part of the OPE portfolio,” says Steve Grimshaw, president and CEO. “OPE’s culture, large capital base and long-term investment horizon make them an ideal partner for Caliber as we strive to become the collision repair provider of choice in every community that we serve.”

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

Earlier this month, Caliber acquired nine Denver-based Global Collision locations, which offer AGRR services, including mobile work.

In October, Caliber acquired Golden State Collision Repair Centers, which has 12 locations in and near the Sacramento market. The group owns an AGRR company to service customers

ONCAP, Caliber’s previous owner, had targeted investments in companies with an enterprise value of between $50 to $500 million U.S. dollars. Other company investments include Cici’s Pizza and Mister HotShine car wash and lube centers, among others. The company acquired Caliber in October 2008 through a management-led buyout.

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