ONCAP with acquire various collision centers from CSN founders, who will remain shareholders in the company going forward
Toronto, Ontario—CSN Collision has announced it has partnered with ONCAP, a lower mid-market private equity platform of Onex Corporation, to acquire various collision centers from the founders of CSN, who will remain shareholders in the company going forward.
With ONCAP’s financial backing and the establishment of a scaled platform of corporate-owned collision centers, the CSN is now positioned to pursue the acquisition of collision repair businesses of any size. The CSN’s network of independently owned collision repair centers remains the cornerstone of its business and ONCAP’s investment will enable further expansion with greater resources to better support CSN licensees.
“This is an exciting time for CSN and the entire collision repair industry,” said Ryan Bruno, president and CEO of CSN Collision. “This partnership is about building a stronger foundation for the future. ONCAP brings deep experience scaling multi-site businesses in the automotive aftermarket, and with their support, CSN will be able to accelerate its growth plans, while continuing to deliver exceptional value to our licensees, insurance partners, and, most importantly, customers.”
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