According to industry statistics , car owners are at risk of being involved in an accident around once every 10 to 12 year. Based on the type and size of car accidents can be costly and stressful. The repair process can be long and tedious and it can be difficult to find a reliable repair shop. The CEO of Caliber Collision, Steve Grimshaw is here to help. The headquarters of the business are located in Lewisville, Texas.
Moody’s reduced Caliber’s outlook to “negative” in April. Despite the debt load Caliber’s second quarter EBITDA, operating cashflow, and free cashflow. It is expected that the merged business will generate between $10 to $12 billion in revenue over the course of a few years. Although the company’s financial health remains unaffected, the acquisition will likely increase the value of its stock.
Since Caliber purchased Abra the company has doubled its revenue. The total revenue of the two companies is $3.5 billion. Mewes and other financial collision experts estimate the combined revenues of the two companies to be 10 to 12 percent of the overall market. Additionally, Caliber has also begun expanding its brand, extending its presence throughout the U.S., and in certain markets outside of the U.S. In the end, this will boost the company’s visibility in the collision repair business.
Caliber will continue to expand and the company’s network of repair centers will also offer additional services. It will also add nondrive, express, aluminum, and high-line repair centers. It will also offer glass, mechanical, diagnostic scanning, and calibration services to its network across the country. Caliber will have a greater geographical reach due to the merger that will allow it to expand its services. The company will continue to expand its reach and network of auto body shops.
Caliber Collision will grow its network and offer more services in the wake of the merger. It will include NonDrive repair centers and an express center for aluminum, and a premium vehicle repair center. In addition to that, all Caliber and ABRA body shops will remain open and continue to provide top-quality service. The new company will continue to grow its franchised locations across the U.S.
Since the acquisition, Caliber has added more locations, and is now generating more than $280 million in revenue. Caliber is owned by OMERS, Canada’s largest pension fund with a capital of $75 million. In 2013, OMERS purchased 75 percent of Caliber Automotive Repair, a company which is now one of the largest companies for collision repair in the world. In fact, it has already added 114 new sites in Canada and the United States.
In 2011, Caliber moved from California to North Texas. 51 Herb’s Paint and Body shops were purchased by Caliber in Dallas-Fort Worth. Herb Walne founded Herb’s Paint and Body shops in 1956. They’re still renowned for their outstanding customer service. However, the recent expansion of Caliber into the U.S. has led to several concerns and speculation. In the end, it’s tough to know how the merger will impact the future of both companies.
ABRA and Caliber Collision have merged, which is a major win for both companies. Caliber will be in a position to expand its reach and build a more comprehensive brand through the merger. Both companies will retain their current locations and expand their operations. The brands and the quality of their service will not be affected by this merger. Before choosing repair centers it is essential to know all the facts. Their website contains more information about their products.
Caliber has expanded to new markets, and its revenue has grown from $280 million to $1.65billion since the merger. With the merger, the two companies will have more offices and more offerings in the U.S. market. The two companies will offer collision repair and auto glass repair and mechanical repair as well as diagnostic scan and calibration services. They will have a national network of more than 600 locations, that will offer the best possible service to their customers.
The merger has numerous advantages. ABRA’s customers will benefit from the deal as they will lower their insurance premiums. ABRA will be better able to provide better service to its customers and cut down on overall repair costs. Caliber will be able to expand its operations in new areas thanks to the merger. ABRA will also benefit from the experience of a trusted partner. The company will see an increase in its revenue as a result of the merger. The deal will also create new jobs for ABRA employees.
know more about Caliber Collision Denver here.