Trive Capital Invests in Leading Collision Repair Platform
Trive Capital Partners with Chilton Auto Body
Trive Capital is making waves in the auto collision repair industry with its strategic partnership with Chilton Auto Body. This collaboration is pivotal for both companies, as it positions Chilton to expand its services and enhance support for its insurance partners. Chilton Auto Body, a leader in the auto body repair sector, has established itself with a network of 20 shops that provide specialized services, particularly for electric vehicles (EVs).
Chilton's Leadership in the Collision Repair Industry
With over 55 years of experience in the industry, Chilton has built a reputation for excellence. They offer a comprehensive array of services that cater to various vehicle needs, including structural and bumper repairs, as well as light cosmetic work and paintless dent repair. Distinguished as the first Tesla-certified body shop, Chilton has been at the forefront of EV collision repair, making them a trusted choice for owners of Tesla, Rivian, and Lucid vehicles.
Innovation and Vision
According to Mike Chilton, CEO of Chilton Auto Body, this partnership marks a significant milestone. "It reflects the commitment of our team to quality and timely repairs, and our dedication to a superior customer experience," he expressed. The partnership with Trive is aimed at evolving the company’s offerings while empowering its skilled workforce and insurance partners with enhanced support.
Foundational Success and Expansion
Founded in 1969 by Charles Chilton, the company began its journey in San Mateo, California. In 1984, Mike Chilton joined the family business, gradually expanding its footprint through brownfield development and acquisitions. Today, Chilton operates a total of 20 advanced repair locations in key markets like the Bay Area and Los Angeles, with aspirations to further grow across California.
Trive Capital's Trust in Chilton's Experience
Trive Capital recognizes the strong leadership that Chilton possesses, highlighting their operational metrics and impressive customer service. Jared Reyes, Managing Director at Trive, stated, "We are looking to leverage Chilton’s remarkable expertise to extend their services into new markets through strategic mergers and acquisitions. This collaboration will undoubtedly enhance Chilton's reach and service offerings."
The Future of Collision Repair
As vehicles become more intricate and the demand for EV repairs rises, the collision repair industry is poised for growth. Chris Zugaro, Partner at Trive Capital, emphasized that the industry’s evolution presents a lucrative opportunity for players with technological advancements and skilled technicians. Chilton's established history equips them to capitalize on these trends effectively as they continue on their growth trajectory.
Support and Legal Counsel
For this investment, King & Spalding LLP served as legal counsel for Trive, ensuring that all aspects of the partnership adhere to the highest legal standards.
About Chilton Auto Body
Chilton Auto Body operates 20 locations across California, providing an array of services that cover everything from cosmetic work to structural repairs. Since its inception, the company has handled a variety of vehicle makes and specializes in EV repairs, backed by a dedicated team focused on customer satisfaction. Chilton continues to thrive as a leading auto body collision repair entity in the U.S., driven by a commitment to excellence and innovation.
About Trive Capital
Trive Capital, based in Dallas, Texas, is a private equity firm managing over $8 billion in regulatory assets. The firm's investment strategy centers around identifying middle-market companies that show potential for significant operational improvements. Employing a hands-on approach, Trive is committed to fostering growth and driving transformational results for its partner firms.
Frequently Asked Questions
What is Trive Capital's primary focus?
Trive Capital is focused on investing in middle-market companies, aiming for transformational operational improvements.
What is Chilton Auto Body known for?
Chilton Auto Body is recognized for its specialized services in auto body repair, particularly for electric vehicles.
When was Chilton Auto Body founded?
Chilton Auto Body was founded in 1969 by Charles Chilton.
Where does Chilton Auto Body operate?
Chilton Auto Body operates 20 locations across California.
Who served as legal counsel for Trive Capital?
King & Spalding LLP served as legal counsel for Trive Capital in this partnership.
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