Growth equity investment firm Summit Partners has made a majority investment in CollisionRight, a US consolidator of automotive collision repair shops, with the new funding set to be used to support the company’s growth plan.
With Summit Partners’s backing, CollisionRight will focus on acquiring and operating collision repair shops across the Central United States and Mid-Atlantic regions. CollisionRight Founder and CEO Rich Harrison will retain significant equity ownership in the business by investing alongside Summit, as will several other members of the company’s senior management team.
Founded in 2020, CollisionRight has acquired 89 collision repair shops in the past three and a half years, establishing the company as one of the leading consolidators and providers of collision repair services in the US.
The terms of the transaction have not been disclosed.
