June 22, 2016—FOCUS Investment Banking LLC announced Monday that Collision Care Auto Body, a seven-location Philadelphia-based MSO, has been acquired by Caliber Collision Centers.
FOCUS Investment Banking LLC represented Collision Care in the transaction.
The acquisition adds Val Fichera, Collision Care’s CEO, and his staff to the Caliber team and gives Caliber a significant presence in the Philadelphia market.
“It’s exciting to take the next step with the Collision Care organization. When I took over the business more than 20 years ago we were just one shop. I’ve been aggressive and we have grown rapidly since. Our whole team is looking forward to having even more success with the resources Caliber brings,” Fichera said.
“Val set a very high bar for service quality and wanted an acquirer who would continue that quality commitment. Caliber not only establishes itself as a significant player in the greater Philadelphia market, but does so with a rapidly growing operation with a superb track record of client and customer satisfaction. This is a win for both parties,” said David Roberts, managing director and FOCUS Investment Banking automotive group leader.
