Consolidation • Automotive

Trivest Partners and First Capital Acquire OpenRoad Collision

On September 6, 2022, private equity firms Trivest Partners and First Capital acquired automotive company OpenRoad Collision

Acquisition Context
  • This is Trivest Partners’ 3rd and First Capital’s 1st transaction in the Automotive sector.
  • This is Trivest Partners’ 68th and First Capital’s 6th transaction in the United States.
  • This is Trivest Partners’ 3rd and First Capital’s 2nd transaction in Texas.

Explore All 69 Consolidation Automotive Deals - Search the Database Free


M&A Deal Summary

Date September 6, 2022
Target OpenRoad Collision
Sector Automotive
Buyer(s) Trivest Partners
First Capital
Deal Type Consolidation

Target Company

OpenRoad Collision

Austin, Texas, United States
OpenRoad Collision partners with and invests in collision repair centers across the United States. OpenRoad Collision was founded in 2022 and is based in Austin, Texas.
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Buyers Overview 2

Buyer

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 6.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


Deal Context for Buyer #
Overall 76 of 91
Sector: Automotive 3 of 3
Type: Consolidation 5 of 8
State: Texas 3 of 5
Country: United States 68 of 81
Year: 2022 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Thermal Concepts

Davie, Florida, United States

Thermal Concepts is a provider of maintenance, repair and installation services for commercial HVAC and building control systems. Thermal Concepts was founded in 1983 and is based in Davie, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 LMC Landscape Partners

Dallas, Texas, United States

LMC Landscape Partners provides founder and family-owned commercial landscaping companies with the capital and support services needed to accelerate their growth. LMC's approach retains and continues to grow our acquisitions’ hard-earned reputations, cultures and legacies while allowing them to operate independently. LMC Landscape Partners was founded in 1980 and is based in Dallas, Texas.

Buy -
DESCRIPTION

LP First Capital is a private investment group focused on buy and build situations. The Firm will consider minority or majority positions in profitable platform companies with $3 to $10 million of EBITDA. Target sectors include business services, consumer services, healthcare services, education, and niche manufacturing. LP First Capital was formed in 2018 and is headquartered in Austin, Texas.


Deal Context for Buyer #
Overall 6 of 14
Sector: Automotive 1 of 1
Type: Consolidation 6 of 7
State: Texas 2 of 6
Country: United States 6 of 14
Year: 2022 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Ripple Learning

Houston, Texas, United States

Ripple Learning is a provider of vocational education. Ripple aims to address the expanding blue collar workforce gap, starting with HVACR technicians, through its partnerships with well-established hands-on technical trade schools across the US. Ripple Learning was founded in 2022 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Cascade Services

Tampa, Florida, United States

Cascade Services is a premier residential tri-trade services platform. Cascade offers HVAC, plumbing, and electrical contractors with best residential service technicians across the Southern United States. Cascade Services was founded in 2022 and is based in Tampa, Florida.

Buy -