Strategic Collision Repair Group (SCRG) has acquired six collision repair businesses in NSW and QLD, saying that it’s the first step in its plan to become a single high-scale operator by consolidating several established operators.
The businesses acquired are Stanley’s Panel Works, Bodyline Motor Body, Cowper Smash Repairs, Coulson Body Repairs, Silverwater Smash Repairs and CRA Group. All six companies have an average history of over 50 years in traditional, rapid and prestige repairs, running over 13 operating centres and employing approximately 200 people between them.
SCRG said in the 2018 financial year, the combined businesses completed over 22,000 repairs for insurance companies, motor vehicle fleet management organisations, commercial and government customers, OEMs and motor vehicle owners.
The acquired businesses have each established brands and community and insurer relationships that will provide advantages and financial benefits, which includes cost synergies and increased purchasing power when operating as a consolidated group.
Portcullis House financed the acquisitions and has supplied a representative, Laurie Macri, to serve as SCRG’s Executive Chairman. Macri will be supported by business executive Brendon Glass, with a management personnel team in sales, finance, operations and general management also being formed to support the scale of business acquired.
Vendors of the businesses will remain with SCRG to allow a smooth integration and provide continual key operational and commercial input. Additionally, an executive committee has been established to monitor SCRG and will include the vendors, who will also remain material shareholders of SCRG.
“This represents the first step in SCRG’s life as a consolidator of high-quality smash repair businesses,” said Macri. “For the acquired businesses it is very much business as usual, while we look to implement operational synergies in procurement and enhanced site performance, as well as productivity improvements through a centralised support function and the application of integrated software. Our aim is to develop a high-scale, industry-leading operator with the customer at the centre of everything we do, and a culture of excellence.”