M&A Deal Summary

Summit Partners Acquires CollisionRight

On January 30, 2024, growth capital firm Summit Partners acquired automotive company CollisionRight from CenterOak Partners

Acquisition Highlights
  • This is Summit Partners’ 4th transaction in the Automotive sector.
  • This is Summit Partners’ 317th transaction in the United States.
  • This is Summit Partners’ 7th transaction in Ohio.

M&A Deal Summary
Date 2024-01-30
Target CollisionRight
Sector Automotive
Buyer(s) Summit Partners
Sellers(s) CenterOak Partners
Deal Type Secondary Buyout

Target

CollisionRight

Columbus, Ohio, United States
CollisionRight is a provider of automotive collision repair services through a network of 89 facilities across nine states including Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, and West Virginia. The company shops repair over 90,000 cars per year and maintains over 100 direct repair programs with insurance carriers. CollisionRight is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 382 of 387
Sector (Automotive) 4 of 4
Type (Secondary Buyout) 26 of 27
State (Ohio) 7 of 7
Country (United States) 317 of 320
Year (2024) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 DocuSketch

Lakeland, Florida, United States

DocuSketch offers a comprehensive, all-in-one solution purpose-built for the property restoration industry, featuring 360° documentation, automated scoping, sketching solutions, and estimating services. DocuSketch was formed in 2018 and is based in Lakeland, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 Delphix

Redwood City, California, United States

Delphix provides database virtualization solutions for agile data management. Leading global organizations use Delphix to dramatically reduce the time, cost, and risk of application rollouts, simplifying database operations while consolidating redundant hardware. Delphix is based in Redwood City, California.

Sell -

Seller(S) 1

SELLER

CenterOak Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CenterOak Partners is a private equity firm focused on making control-oriented investments in middle-market companies operating in the industrial, consumer, and business services sectors. The Firm will consider opportunities throughout the US and targets companies valued between $50 to $500 million. Prospective transaction situations include buyouts, recapitalizations, consolidations, and non-core divestitures. CenterOak Partners was formed in 2014 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 7 of 8
Sector (Automotive) 2 of 2
Type (Secondary Buyout) 4 of 5
State (Ohio) 1 of 1
Country (United States) 7 of 8
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Guardian Access Solutions

Nashville , Tennessee, United States

Guardian Access Solutions is a value-added distributor, system integrator, and installer of access control systems which includes high-end residential and commercial automated gate systems, parking control systems, commercial security systems, and surveillance systems. Guardian Access Solutions is headquartered in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-23 SurfacePrep

Byron Center, Michigan, United States

SurfacePrep is a distributor of loose abrasives, specialty ceramics, and surface enhancement equipment. The company’s technical sales professionals support manufacturing customers through a network of over 30 distribution branches and more than 10 process development labs and production finishing centers. SurfacePrep is based in Byron Center, Michigan.

Sell -
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