Press "Enter" to skip to content

CollisionRight acquires three Cleveland-area shops

The MSO sale includes Action Carstar, Carstar Chardon Square and a complementary auto mechanical business

Cleveland—Focus Advisors, a mergers and acquisitions firm specializing in collision repair transactions, has announced the successful sale of a three-shop, Ohio-based MSO to CollisionRight. The transaction marks a successful exit for owner Tony Perrino, who acquired a small shop from his father in 2015 and grew it into an MSO comprised of two collision repair shops, Action Carstar and Carstar Chardon Square and a complementary auto mechanical business in the Cleveland metropolitan area.

The acquisition of the Action Carstar portfolio, along with other recently announced acquisitions, brings CollisionRight’s shop total to 80. The Dublin, Ohio-based acquirer, which was founded by Rich Harrison and funded by CenterOak Partners in 2020, now has a presence in nine states: Illinois, Kentucky, Indiana, Maryland, Michigan, Pennsylvania, Ohio, Tennessee and West Virginia.

Focus Advisors Managing Director David Roberts noted that consolidators are increasingly interested in acquiring mechanical businesses, “especially when those businesses are complementary to the seller’s collision shops and service a significant amount of collision work, not just retail mechanical.”

“Developing this business wasn’t easy, from reorganizing how the original shop in Euclid ran, to investing heavily in expansion and equipment, to rebuilding Chardon after it burned to the ground in an accidental fire. I’m privileged and proud to have worked alongside a fantastic team of managers and employees who helped me get here,” Perrino said.

The leadership at Action Carstar has focused on lean processes, building a strong team, and investing heavily in real estate and quality equipment, he added.

Chris Lane, a partner at Focus Advisors said, “Although he had multiple bidders for his business, I think we all felt CollisionRight was ultimately the best fit for his operation and employees, and we are happy we could facilitate what we see as a very successful partnership.”

Comments are closed.

Bringing you regional and national automotive aftermarket news
Verified by MonsterInsights