Collision Industry

The collision repair industry is consolidating rapidly. Independent shop owners and in particular, baby boomers, are looking at exit options, while other shop owners are seeking shelter under franchise or marketing banner networks. Then there are those who see the current challenges and changes as an opportunity to grow through acquisition. Still very much a work in progress, the consolidation of the US collision repair industry has taken it from a high of more than 45,000 locations in the 1990s to around 35,000 today. The trend is similar in Canada where the number of shops has declined from over 9,000 to less than 6,000. There is no end in sight as the industry continues to downsize to a point, or even beyond, at which capacity matches demand.

Why is this happening now? Well, the industry is tossing and heaving through the perfect storm; baby boomers approaching retirement age, skilled techs retiring, difficulty in attracting and retaining young staff, increasing insurer control, advanced vehicle technology requiring costly new equipment, tools and training, OEM certification programs, more vehicles totaled, fewer collisions….

So there are independent collision repair shop owners wanting to exit the business and there are others wishing to grow by acquiring more shops. As an experienced Merger & Acquisition company, with a specialist Collision Division, Marx Group Advisors is the best equipped company to help them achieve their goals. This is what we do for them:

COLLISION REPAIR SHOP OWNERS WISHING TO EXIT THE BUSINESS:

  • Understand their needs and goals
  • Outline exit strategy options for them
  • If they wish to sell their business, we will provide brokerage services in valuing the business, finding buyer and negotiating the sale.

Or

  • If they wish to grow and/or strengthen their business in preparation for a later sale, we will introduce them to the right company to help them. When the business is ready to sell, we’ll be there to provide brokerage services to get the business sold.

COLLISION REPAIR SHOP OWNERS*AIMING TO GROW THROUGH ACQUISITION:

  • Understand their needs, goals and acquisition criteria
  • Introduce them to suitable acquisition candidates and facilitate the purchase

* Individual and multi-store operators

Copyright © Marx Group Advisors, LLC. 2013. All Rights Reserved.

First Name:

Last Name:

Email adress:


Organization: