ATLANTA, Sept. 27, 2022 /PRNewswire/ — Eagle Service provider Companions, an Atlanta, Ga.-based personal fairness agency centered on decrease center market companies, has invested in Puget Collision, which has 19 collision restore outlets working within the CARSTAR and Repair Auto franchise programs.
“I’m proud and excited to have the help of Eagle, whose experience, sources and entry to capital will enable us to develop and lead the auto collision trade within the Pacific Northwest,” mentioned Puget Collision proprietor Joe Morella. “This transaction represents the fruits of our crew’s passionate and devoted service to our prospects and companions.”
Morella and Eagle are actively looking for add-on acquisitions of different restore outlets within the area.
“This is a wonderful alternative for Eagle to put money into a extremely fragmented, steady, rising market with a transparent path to fast unit development backing a confirmed operator in Joe Morella,” mentioned Zack Taylor of Eagle. “The collision market is a non-discretionary, recession resistant, rising market fueled by the patron’s need to carry onto their vehicles longer.”
Auto collision restore is a $40B market. Consolidation has taken place over the past 15-plus years, pushed by massive insurance coverage suppliers selecting to work with fewer collision manufacturers to ship constant and inexpensive companies for his or her prospects. Ninety p.c of gross sales within the trade are from insurance coverage direct restore packages.
Puget Collision is the eleventh franchise funding made by Eagle and its principals in each franchisees and franchisors, in addition to quite a few company-owned multi-unit operators.
Inc. journal has named Eagle among the best personal fairness companies for entrepreneurs and founders for a number of years working.
ABOUT EAGLE MERCHANT PARTNERS
Eagle Service provider Companions is an Atlanta-based personal fairness agency centered on investments in founder-owned firms with distinctive development alternatives. The partnership is among the area’s most skilled personal fairness buyers, investing in seventeen firms with greater than $1.5 billion in revenues. Eagle Service provider Companions is at the moment investing out of Fund I. For extra data, go to eaglemerchantpartners.com.
SOURCE Eagle Service provider Companions