September 6, 2024 – Focus Advisors is proud to announce the sale of its client, Tripp’s Collision Centers, to CollisionRight, a regional consolidator. Tripp’s Collision is a well-established name in central Michigan with three locations in Lansing, East Lansing, and Jackson, and has been a cornerstone of the community since its founding in 1988 by Phil and Barb Tripp. What began as a part-time high school job for Phil has grown into a multimillion-dollar, award-winning enterprise, now spanning three generations.
Owner and founder, Phil Tripp, commented, “I built my business in this community over many years and learned how to grow and operate with excellence. When it came time to exit, I knew it was important to bring in a company known for its expertise in selling businesses. I’m extremely happy I chose Focus Advisors to represent me and CollisionRight as my successor.” Jeremy Tripp, who is staying on with CollisionRight, added, “we met the Focus Advisors team at the MSO Symposium last year and engaged with them shortly after. The entire process was new to us. Transactions are complicated and can be bumpy at times, but they were prepared and professional and managed us through every step of it successfully. I enjoyed working with Chris and his team and would recommend Focus Advisors to anyone looking to sell their business.”
Chris Lane, Partner at Focus Advisors who led the transaction, said, “it’s always fulfilling to help a family like the Tripps achieve a successful exit. Phil, Barb, and their children have been deeply committed to their community, and the younger generation will continue to contribute now through CollisionRight. The entire Focus Advisors team is proud to be part of their legacy.”
The acquisition follows CollisionRight’s majority investment from Summit Partners in January 2024. Founded in 2020, CollisionRight has rapidly expanded, with Tripp’s Collision representing their 98th, 99th, and 100th locations, placing them as the sixth largest MSO in the United States.
For more information about Focus Advisors and its services, please visit the Focus Advisors website or contact Madeleine Rich at [email protected].
About Focus Advisors
Focus Advisors (www.focusadvisors.com) is the leading M&A advisory firm the collision industry. They partner with multi-shop operators (MSOs) generating $10-50 million in annual revenue, helping owners achieve maximum value through a strategic exit. Unlike traditional business brokers or large investment banks, Focus Advisors specializes exclusively in collision repair, giving them unparalleled insight into market value, buyer interest, and timing. With 25 years of experience, Managing Director David Roberts has led over 40 transactions totaling more than $500 million in transaction value, representing more than 300 collision repair shops, including Pride Auto Body, Quanz Auto Body, Mills Body Shops, and Master Collision. David Roberts and his team have represented 31 MSOs, comprising 301 locations.
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.
