FOR IMMEDIATE RELEASE
December 16, 2022 – Focus Advisors, the leading M&A firm specializing in collision repair transactions, is proud to announce the sale of CARSTAR Highland in Denver CO to Classic Collision. The transaction represented a successful exit for Co-owners Gunnar and Lynette Greenemeier, who built their MSO over 20 years in the Denver market.
“Selling our business was a difficult decision to make but we decided there was another chapter in our lives.” commented Lynette Greenemeier who credited their successful exit to the advice and guidance of Focus Advisors. “We knew it was time to shift gears and focus on supporting our daughter’s racing career. The team at Focus Advisors ensured that we received the best value for our business and managed a process to close the sale successfully, benefitting us and our employees. We’re very pleased with the outcome and our choice to join Classic Collision.”
Managing Director David Roberts of Focus commented, “The Greenemeier team has built a great business and established themselves as leaders in Denver. With few MSOs in their market, there was strong interest among multiple buyers. Classic has truly found a gem with this acquisition. It’s always an honor to represent owners like the Greenemeiers in realizing the value of what they’ve spent their lives building.”
The acquisition of CARSTAR Highland marks the 4th and 5th shops owned by Classic Collision in Colorado. In January 2022, Classic opened a brownfield shop in Thorton, CO and subsequently acquired two additional shops: Ramsey AutoBody in Lakewood, CO, and a MAACO shop in Littleton, CO. Classic continues to expand its presence and now operates over 214 collision repair shops in 15 states across the US.
About Focus Advisors:
Focus Advisors is the collision industry’s leading M&A firm representing MSOs and single shops. We help entrepreneurs create and realize equity value by advising, raising capital, and helping them sell their businesses. With 25 years in the industry, Managing Director David Roberts has led more than 40 transactions totaling over $500 million in transaction value and more than 300 collision repair shops, including Parsons/Middleton CARSTAR, Quanz Auto Body, Mills Body Shops, and Fix Auto USA.
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.