Classic Collision becomes the 3rd large regional MSO to raise expansion capital, entering the arms race to become the next Caliber.
Classic Collision, a 34 location MSO based in Atlanta, has raised an undisclosed amount from New Mountain Capital LLC, a new private equity entrant into collision repair. Classic, which recently acquired Carolina Auto Body in South Florida, appears to be joining the race to grow into the next national consolidator. New Mountain, a NY City based investment firm with $20 billion in assets invests between $100 to $500 million in growth oriented companies. The Classic investment is their first foray into the collision repair industry. Last year they Invested in Horizon Services, a regional HVAC consolidator of HVAC services in the Northeast and Mid-Atlantic region.