April 10, 2019—FOCUS Investment Banking announced this week that Caliber Collision Centers has acquired Price's Collision Centers, which is based in Nashville.
Operating 10 centers in central Tennessee and Kentucky, Price’s has been a collision repair provider for more than 30 years. The transaction was led by FOCUS managing directors David Roberts and Nancy Rolland.
After the passing of its owner and CEO Bobby Price in 2017, FOCUS was engaged to advise and help restructure the business so it could continue operating successfully. FOCUS helped recruit new COO Marc Sizemore who stabilized operations and led a resurgence in growth. Subsequently, Price's engaged FOCUS to lead a targeted sale process which resulted in the Caliber transaction.
Roberts said: "Bobby Price was a creative leader who left a premier asset to his family. Selling a family business is an emotional journey. We are proud that the executors of Bobby’s estate and his daughter, Brittany, trusted us to successfully manage the process."
Caliber now operates more than 1,000 centers across the U.S., including 19 in the Nashville area.
