Trivest Partners & LP First Capital Form OpenRoad and Acquire Four Collision Repair Shops

Trive Capital Invests in Chilton Auto Body

February 13, 2025

Automotive

Dallas-based private equity firm Trive Capital has made a strategic investment in Chilton Auto Body, a San Carlos, California-headquartered collision repair platform that operates 20 shops across California. The partnership will support Chilton’s growth through M&A and new brownfield locations while expanding its EV repair and insurer-facing capabilities; financial terms were not disclosed.

Clarion Capital Partners Makes Strategic Investment in OpenRoad Lending

September 14, 2021

Financial Services

Clarion Capital Partners completed a strategic growth investment in OpenRoad Lending, a Fort Worth-based direct-to-consumer auto refinance lender, with OpenRoad’s founders remaining in leadership and retaining meaningful ownership. The capital will be used to expand OpenRoad’s product offerings (including potential auto purchase lending and insurance), broaden marketing channels, and support organic and acquisitive growth; financing for the deal was provided by funds managed by Madison Capital Funding and PennantPark Investment Advisers.

Crash Champions Acquires 21 Collision Repair Shops, Expands to 60 Locations

January 2, 2021

Automotive

Crash Champions, a portfolio company of A&M Capital Opportunities (part of Alvarez & Marsal Capital), acquired 21 independent collision repair shops between August 2020 and January 2021, growing its footprint to 60 locations across seven U.S. states. The deal is part of an ongoing roll-up strategy to consolidate fragmented collision repair operations, deepen insurance carrier relationships, and capture scale and operating synergies.

Summit Partners Acquires Majority Stake in CollisionRight

January 30, 2024

Automotive

Summit Partners has acquired a majority stake in CollisionRight, a Dublin, Ohio-based consolidator of automotive collision repair shops. The investment will support CollisionRight's growth and roll-up strategy as the company operates nearly 85–89 repair centers across nine states and generates the majority of its revenue from insurance carriers.

CollisionRight Acquires Tripp's Collision Centers

September 6, 2024

Automotive

CollisionRight has acquired Tripp's Collision Centers, a three-location collision repair operator in central Michigan founded in 1988 by Phil and Barb Tripp. The transaction is an add-on to CollisionRight’s PE-backed rollup (majority-backed by Summit Partners) and brings CollisionRight to its 100th location; owner Phil Tripp exits while Jeremy Tripp will remain with CollisionRight.

CollisionRight Acquires Local Collision Shops (Sonny's, Traverse Body & Paint, Dexter's, Minton)

November 17, 2025

Automotive

Ohio-based, private equity-backed MSO CollisionRight acquired multiple independent collision repair shops — including Sonny's Body Shop and Traverse Body and Paint (Traverse City, MI), Dexter's (Bradford, PA) and Minton (Bloomington, IN) — bringing its network to 125 locations. The company retains local shop branding while integrating back-office systems, insurance relationships and operational best practices as it pursues additional density across the Midwest and Mid‑Atlantic.