According to industry statistics, car owners will be in an accident about once every 10 to 12 years. Depending on the size and type of vehicle accidents can be expensive and a hassle. It can be frustrating and time-consuming to fix your vehicle. Steve Grimshaw is the CEO of Caliber Collision. The headquarters of the business are located in Lewisville, Texas.
Moody’s reduced Caliber’s outlook to “negative” in April. Despite the debt levels the company was able to report positive second-quarter EBITDA, operating cash flow, and free cash flow. In fact, it’s estimated that the combined company will generate between $10 and 12 billion in revenue over the next couple of years. Although the company’s financial health isn’t in danger however, the acquisition could boost its stock price.
Since Caliber bought Abra it has increased its revenue. The combined revenue of both companies is $3.5 billion. Mewes and other financial experts in collision estimates estimate the combined revenue of both companies at between 10 and 12 percent of the overall market. Caliber has also expanded its brand and presence in the U.S. and some overseas markets. This will ultimately increase Caliber’s visibility in the collision repair industry.
As Caliber continues to grow its network of repair centers will offer more services. It will also offer nondrive express, aluminum, and high-line repair centers. It will also include glass, mechanical, and diagnostic scanning and calibration services to its nationwide network of collision repair shops. Caliber will be able to expand its geographical reach as a result of the merger, which will allow it to expand its offerings. The company will continue to expand its coverage and network of auto body shops.
As a result of the merger, Caliber Collision will expand its network and offer more services. It will include NonDrive repair centers and an express center for aluminum, and a luxury vehicle repair center. All Caliber and ABRA body shops are still operational and will continue to provide top-quality customer service. The company will continue to expand its franchised locations across the U.S.
Caliber has expanded its presence in more locations and generated more than $280 million in sales since it was acquired. OMERS, one of Canada’s largest pension funds has invested $75 million in Caliber. OMERS purchased 75 percent of Caliber Automotive Repair in 2013 making it one of the largest repair firms in the world. In fact, it has added 114 new locations in Canada and the United States.
Caliber relocated from California in 2011 to North Texas. It purchased 51 Herb’s Paint and Body shops in Dallas Fort Worth. Herb’s Paint and Body shops were established by Herb Walne in 1956 and was renowned for their customer service. Caliber’s recent expansion into the U.S. has prompted speculation and worries. In the end, it’s hard to know how the merger will affect the future of both companies.
The merger of ABRA and Caliber Collision is a big deal for both companies. Caliber will be capable of expanding its reach and create an overall brand with the merger. Both companies will continue to operate their current locations, and continue to increase the number of locations. The brands and the quality of their service will not be affected by this merger. Before you choose repair centers it is essential to understand all details. Their website has more information about their products.
Caliber has grown to new markets and its revenue has increased from $280 million to $1.65billion since the merger. The merger will provide the two companies more options and locations in the U.S. market. The two companies will provide collision repair auto glass repair and mechanical repair, as well as diagnostic scan and calibration services. They will have an extensive network of more than 600 locations across the country, which will ensure that their customers receive the best service possible.
There are many benefits to the merger. ABRA’s customers will gain from the deal as they will lower their insurance cost. ABRA will be better able to provide better service to its customers and cut down on overall repair cost. Caliber will be in a position to expand its services in new areas through the merger. ABRA will also gain the experience of a reputable partner. As a result of this merger ABRA is expected to grow its revenue. The deal will also result in new jobs for ABRA employees.
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