CollisionRight, a Dublin-based provider of automotive collision repair shops in the United States, has received an investment from Summit Partners. The amount of the deal was not disclosed. Summit Partners Managing Director, John Carroll, and Advisory Partner, Robert Grady, will join the company’s Board of Directors. CollisionRight plans to use the funds to expand its growth plan, which involves acquiring and operating collision repair shops across the Central United States and Mid-Atlantic regions.
CollisionRight, led by Founder and CEO Rich Harrison, operates a network of 89 facilities across nine states including Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, and West Virginia. The company’s repair work is backed by investment in equipment, facilities, technician training, and auto manufacturer certifications. It repairs over 90,000 cars annually and maintains over 100 direct repair programs with insurance carriers. About 90% of the company’s sales come from insurance carriers.
Rich Harrison commented on the investment, stating, “Summit’s growth focus and commitment to operational excellence align with our desire to continue to partner with the country’s best shop operators and provide the driving public with timely and high-quality repairs. Our goal is to create an industry leader that will set the standard for growth, excellence, and customer service. We are confident that partnering with Summit will help us to achieve that goal.”
