Independent Investment Bankers Corp. Announces the Acquisition of Carolina Auto Body by Classic Collision
OAKLAND, Calif.--(BUSINESS WIRE)--Dec 19, 2019--
Independent Investment Bankers Corp. (“IIB”) is pleased to announce that David Roberts, a FINRA licensed investment banker with IIB and member of FOCUS Advisors, assisted Carolina Auto Body with the sale of their company and its 7 locations to Classic Collision. The acquisition brings Classic Collision to 34 locations in Georgia, South Carolina, Alabama, and now Florida.
Carolina Auto Body owner, Cooper Faassen and the Faassen family had witnessed the success of David Roberts and FOCUS Advisors with many collision industry transactions over the past five years and decided to use them to assist with this transaction. They were pleased with their choice, affirming that “He and FOCUS were instrumental in preparing us, taking us to market and all the way through the close.”
“We’re very pleased that FOCUS Advisors was chosen to represent the Faassen family, to help them find the right suitor and negotiate a successful sale,” said David Roberts.
About FOCUS Advisors and David Roberts:
FOCUS Advisors ( www.focusadvisors.com ) is a full-service, M&A advisory firm serving collision industry entrepreneurs looking for advice about growth and sale options, representing them in raising capital or selling their businesses. The FOCUS team of six professionals is led by David Roberts, the former co-founder, Chairman and Chief Development Officer at Caliber Collision where he helped Caliber raise more than $120 million in capital and acquire 37 shops before its sale in 2008. With more than 20 collision industry transactions in the last 5 years including recent sales of large MSOs such as Price’s Collision in Nashville and Herb’s Body and Paint in Dallas, the FOCUS team is the industry’s leading advisor to MSOs and single shops.
Investment banking services and securities are offered through Independent Investment Bankers Corp (“IIB”), member FINRA/SIPC. IIB and FOCUS Advisors are unaffiliated entities.
About Independent Investment Bankers Corp.
IIB is an SEC registered broker dealer and FINRA/SIPC member that provides back office support services to boutique investment banking groups that are primarily engaged in assisting companies either sell their business to strategic or other institutional buyers or help companies raise expansion debt or equity capital from institutional financing sources. www.iibcorp.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20191219005605/en/
CONTACT: Dante Fichera, Independent Investment Bankers Corp. President
KEYWORD: CALIFORNIA SOUTH CAROLINA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES AFTERMARKET AUTOMOTIVE GENERAL AUTOMOTIVE FINANCE CONSULTING
SOURCE: Independent Investment Bankers Corp.
Copyright Business Wire 2019.
PUB: 12/19/2019 11:50 AM/DISC: 12/19/2019 11:50 AM