October 1, 2021 – Focus Advisors, the leading M&A firm specializing in collision repair transactions, is proud to announce the sale of eight shops to an undisclosed buyer. Owners Jeff Middleton and Kevin Parsons operated their eight shops as an MSO with key locations along the I5 corridor in the Seattle WA region.
David Roberts, Managing Director of Focus Advisors who led the transaction, observed that this premier MSO was built over more than 15 years by two classic entrepreneurs. “As widely respected owners, Jeff and Kevin created not only a great operation but also great brand awareness of their shops in the Seattle market.”
Jeff Middleton commented “The journey from a single shop in 1994 to these 8 shops was both tough and rewarding. It was never easy, but Kevin and I are proud of the operations we built and the people who helped us build the business.” Echoing that sentiment, Kevin Parsons added, “Now its time for the people we trained and promoted to help take these shops to the next level. We are confident they will keep delivering quality and performance for the years to come.”
Describing the process of deciding to sell and then executing on that decision, Jeff noted, “We went down the road with a couple of prospective buyers on our own over the past two years and were disappointed in the outcome. Recognizing that we needed professional help to maximize our value, we asked some friends who gave us simple advice. Use Focus Advisors. We did our due diligence and then engage them to represent us. Dave Roberts and Chris Lane and their team led us through six months of preparation and sale that far exceeded our expectations.”
About Focus Advisors:
Focus Advisors is a full-service FINRA-registered M&A advisory firm serving collision industry entrepreneurs looking for advice about growth and sale options, representing them in raising capital or selling their businesses. Managing Director, David Roberts has been the industry’s leading advisor to MSOs and single shops with more than 27 industry transactions in the last 7 years including recent sales of large MSOs such as Pride Auto Body, Fix Auto USA, Fix ACAB, Price’s Collision in Nashville and Herb’s Body and Paint in Dallas. The sale of the Parsons/Middleton MSO is the 8th successful transaction led by Focus during COVID.
Investment Banking Services and Securities offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. FOCUS Advisors is not affiliated with Independent Investment Bankers Corp.