Recently, the Investment Banking Team at Focus Advisors sat down with some key industry leaders and posed a number of provocative questions about pressing issues. Over the course of many hours, these deeply experienced entrepreneurs shared their own thoughts, opinions and principles on which they are growing their businesses. Below we share brief comments from each of them.
With 2021 now in the rearview mirror, the industry is catching its breath after a year of sprinting that saw extraordinary acquisition activity.
December 21, 2021 – Focus Advisors, the leading M&A firm specializing in collision repair transactions, is proud to announce that its client, Quanz Auto Body of Albuquerque, NM, has been acquired by Crash Champions
“We wasted a lot of time trying to sell our MSO by ourselves. And if we had succeeded, it would have cost us millions of dollars trying to save a few hundred thousand on fees. Talk about pennywise and pound foolish – that was.”
While repair demand has never been higher for most well positioned providers, technician shortages have never been worse. Parts costs are rising rapidly and cycle times are growing longer. Revenues and profits have been slow to recover for most collision repairers – whether large or small.
Comments and observations after a week in Las Vegas at the MSO Symposium, CIC and SEMA
The time for straight talk about selling is long overdue for many owners. No matter how much people want to avoid the specifics of leaving the business, selling their shops and maximizing the value of their business and real estate, continuing to put off that discussion isn’t being fair to your family, your employees and … Read more
Article by David Roberts featured in FenderBender’s October 2021 issue Remember Labor Day 2016 – five years ago? The recession was in the rear-view mirror. Business was thriving. Miles driven were increasing. New car sales were breaking records. State Farm had more than 18% market share. Paint loans were readily available for growing shops. Exit … Read more
October 1, 2021 – Focus Advisors, the leading M&A firm specializing in collision repair transactions, is proud to announce the sale of two shops to an undisclosed buyer. Kurt and Kathy Johnson, co-owners of the MSO in Puyallup and 30-year industry veterans, built their highly successful MSO 30 miles south of Seattle. Co-owner Kathy Johnson … Read more
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, … Read more
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