Toronto-based junior capital provider Penfund has invested heavily in Caliber Collision Centers.
Feb. 18, 2019—Toronto-based junior capital provider Penfund has invested $150 million in Caliber Collision Centers, according to Business Chief.
Penfund joins a group of investors contributing a collective $600 million to Caliber, which currently owns and operates 655 collision repair centers across 19 states.
Jeremy Thompson, a partner of Penfund, noted that Penfund has now provided financing to Caliber on four separate occasions and, following this transaction, has invested over $300 million in the company over the years.
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