Two CARSTAR Collision Clinics located in Edmonds and Bellevue, Washington have been sold to Puget Collision, according to a press release.
Bruce Lingle was the owner who put the two stores up for sale. He started as a technician before putting 44 years into growing his MSO, beginning with the Edmonds location.
Lingle said there were “multiple bidders” but believes he “received the best value for my business.” Following the transaction, he plans to retire.
“After spending my career in the collision industry, I knew it was time for me to step back and enjoy spending more time with my wife, family, and traveling,” Lingle stated.
Puget Collision’s acquisition of the two shops marks 23 locations owned by the company “throughout Washington and Oregon.”
The principal of the firm representing Lingle, Focus Advisors, said that the sale “is representative of the continuing opportunity for owners” to take advantage of having their businesses acquired “at attractive valuations.”
