Caliber Collision Acquires Travelers Body & Fender Works
Sept. 25, 2018—Caliber Collision has acquired Travelers Body & Fender Works, according to an announcement from FOCUS Investment Banking.
FOCUS represented Travelers Body & Fender Works in this transaction.
Travelers Body & Fender Works was founded more than 70 years ago and operated one of the largest collision repair facilities in Fresno, Calif.
“We’re going to miss it, but the technology that’s ahead of all of us is going to become very complex,” Jim Minnis of Travelers said. “At my age, 76 years old, I feel I should let some younger people take advantage of that.”
David Roberts, FOCUS Automotive Group leader, and Nancy Rolland, FOCUS managing director, managed the transaction for Travelers. Rolland said that “Travelers was a premier operation in the Central California market. Jim’s decision highlights the changes in the industry—even for the very large and very skilled operators.”