OpenRoad now operates 12 collision repair centers located across Texas and New Mexico
Coral Gables, Fla. and Austin—Trivest Partners and LP First Capital have announced the formation of OpenRoad, a family of brands within the collision repair industry. The announcement comes in combination with the acquisitions of four collision repair centers including Car Crafters (Albuquerque, N.M.), Drury and Moss Body Shop (Amarillo, Texas), 1st Choice Collision (Houston), and Helotes Collision (Helotes, Texas). Combined, the OpenRoad family of brands now operates 12 collision repair centers located across the Southwest.
OpenRoad’s initial investment was Car Crafters, the largest independent collision repair center in the state of New Mexico. Across its five locations in Albuquerque and Rio Rancho, Car Crafters maintains strong relationships with all major insurance carriers and repairs more automobiles than any other shop in the state. Car Crafters is led by industry veterans Jim and Sean Guthrie, who will remain with the shop and continue to lead strategic and operational initiatives.
“For more than 40 years, Car Crafters has been known for quality repairs, excellent technician training, superior employee benefits, and stellar shop culture. Partnering with Trivest and LP First Capital will allow us to build upon this reputation, and their collective financial, operating, and strategic resources will enable us to expand across the greater Southwest while maintaining the Car Crafters culture and commitment to quality,” said Jim Guthrie, Founder of Car Crafters and OpenRoad Chairman.
Led by industry veteran Tom Csekme, who will serve as Chief Executive Officer, OpenRoad is currently pursuing strategic acquisitions of leading collision repair centers across the United States.
“The collision repair industry remains highly fragmented despite recent consolidation efforts by a few large industry players. We look forward to expanding the OpenRoad initiative by partnering with shop owners who desire to preserve their shop’s brand name and legacy, while not sacrificing repair quality or employee engagement,” said Logan Lowery, Vice President at LP First Capital.
“OpenRoad is perfectly aligned with Trivest’s strategy to partner with growing founder and family-owned businesses in fragmented markets. We believe we can leverage our experience in the automotive aftermarket space and with other buy and build success stories to help OpenRoad become one of the largest players in the collision repair industry,” added Reid Callaway, Principal at Trivest.