Caliber Collision and Abra Auto Body Repair of America have announced a definitive merger agreement, with the combined collision repair facility operator to have more than 1000 locations.
“This combination will allow us to offer even greater satisfaction for our valued customers and insurance clients while creating new opportunities for the talented teammates of both companies,” said Steve Grimshaw, Caliber Chief Executive Officer. “With more than 1000 stores in 37 states and the District of Columbia, we look forward to providing customers and insurance clients with the flexibility and convenience that come with the broadest geographic coverage in the United States and a full suite of services. We’re confident the technological and operational investments will create unparalleled customer service, enhanced repair quality and industry-leading metrics, all of which advance our purpose of restoring the rhythm of our customers’ lives.
“We plan to maintain all existing centres from both companies as we develop and execute a plan to work smarter, generate growth, offer expanded services, drive operational excellence and reward talent across the organisation. Recognising the critical importance of top talent to our success, we will be retaining all teammates in the field at both Caliber and Abra centres, and we look forward to creating a culture that supports our teammates as they expand their careers across a larger organisation, accelerated by industry-leading development programmes,” said Grimshaw.
“Our industry becomes more complex every year,” said Abra CEO Ann Fandozzi. “The combined company will invest in the equipment, training and technologies that will allow our teammates to build their careers while continuing to meet and exceed our customers’ needs for years to come. Abra’s leadership team is excited by the opportunities this combination with Caliber creates for customers, insurance clients and teammates. We look forward to seeing our traditions of stellar customer service, unparalleled operational excellence and team development taken to the next level across the United States.”
The transaction is expected to close in early 2019 with Caliber CEO Steve Grimshaw to lead the combined company.