Origin Merchant Partners (“Origin”) acted as Exclusive Financial Advisor to CSN Collision (“CSN” or the “Company”) on its partnership with ONCAP.
CSN, one of North America’s leading networks of collision repair centers, announced that it has partnered with ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX), to acquire various collision centers from the founders of CSN, who will remain shareholders in the Company going forward. This transaction marks a pivotal milestone in CSN’s evolution and the beginning of an exciting new chapter in its growth story.
ONCAP brings considerable collision repair and automotive aftermarket services expertise to their partnership with CSN. With ONCAP’s financial backing and the establishment of a scaled platform of corporate-owned collision centers, the Company is now positioned to pursue the acquisition of collision repair businesses of any size.
The partnership strengthens CSN’s position as one of North America’s leading collision repair networks and positions the Company for continued growth that benefits its stakeholders and the industry at large.
About CSN Collision:
Headquartered in Oakville, Ontario and established in 2002 by four industry trailblazers, CSN is one of North America’s leading collision repair networks that is dedicated to helping enhance independent auto body shops. By providing access to direct repair programs of leading insurance partners, preferential procurement programs of key industry suppliers, and ongoing operational training and support from CSN’s in-house team of experts, we empower entrepreneurs to take their shops to the next level. Today, with over 400 global locations, CSN Collision is one of North America’s most advanced networks of independent collision repair shops and continues to expand its presence in Europe. For more information about CSN Collision, visit www.csncollision.com. Are you an auto body shop looking for support? Join the CSN network today.
About ONCAP
Founded in 2000, ONCAP is the dedicated lower mid-market private equity platform of Onex Corporation, committed to investing in and partnering with North American headquartered businesses and their management teams in our core sectors of emphasis. Today, ONCAP operates with a team of 39 employees managing $3.5 billion in assets across offices in Toronto and New York. For more information on ONCAP and Onex, visit www.oncap.com and www.onex.com.
Press release: CSN Collision Partners with ONCAP to Accelerate Growth
Deal team: Artem Krylov, Aaron Kadey, Paul Spafford
