Asset Manager

Updated:

CollisionRight

CollisionRight was founded in 2020 by CEO Rich Harrison and backed by Dallas-based private equity firm CenterOak Partners.

CollisionRight

CollisionRight was founded in 2020 by CEO Rich Harrison and backed by Dallas-based private equity firm CenterOak Partners. The company emerged with a buy-and-build mandate in the highly fragmented U.S. collision repair market, where the top 50 operators control less than 20% of total revenue. The firm's initial anchor acquisition was Service King, a legacy multi-site operator, providing an immediate footprint across the Midwest and Mid-Atlantic. The strategy centers on acquiring independent body shops — typically single-location operators with strong insurer relationships — and creating back-office efficiencies through centralized procurement, billing, and talent management. The firm targets primarily aftermarket collision repair, encompassing dent removal, frame straightening, and painting, with revenue tied to direct repair program agreements with major auto insurers rather than consumer discretionary spending. The geographic footprint is concentrated in Ohio, Pennsylvania, Maryland, and parts of the Southeast. The platform grew rapidly, deploying capital through a series of add-on acquisitions. By mid-2024, CollisionRight had completed more than a dozen transactions, bringing total locations to over 80, including multi-shop acquisitions like the 2022 purchase of Jerry's Body Shop in Pennsylvania. The firm added Mark Elberg, formerly of Service King, as CFO to professionalize finance operations as the network scaled. CollisionRight operates adjacent to CenterOak's portfolio but maintains an independent operator model, running each acquired shop under its legacy name to preserve local insurance referrals and customer familiarity. The structural differentiator is its hybrid model: a private equity-backed roll-up in a classic fragmented essential-service industry, operating with the local branding and insurer relationships of a small business while centralizing its supply chain and technology stack. This creates a moat against both independent shops and larger corporate consolidators like Boyd Group's Gerber Collision or Caliber, where corporate branding can occasionally weaken local customer trust.

General information

Firm type

Asset Manager

Year founded

2020

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Columbus

Corporate office

Columbus, OH, United States

Principals

Rich Harrison

CEO

Mark Elberg

CFO

Sector focus

Automotive ServicesConsumer & Retail

Frequently asked questions

Who runs investment and operational decisions at CollisionRight?

Rich Harrison serves as CEO and oversees the acquisition strategy alongside the operations team. Mark Elberg is CFO, handling finance and integration. Strategic investment decisions are made in partnership with the firm's institutional backer, Leonard Green & Partners, which acquired majority control from CenterOak Partners in July 2024.

Is CollisionRight structured as a family office or an institutional platform?

CollisionRight is an institutional buy-and-build platform backed by private equity. It originated in 2020 as a CenterOak Partners portfolio company and was recapitalized by Leonard Green & Partners in 2024. It is not connected to any family office or individual wealth origin.

What is CollisionRight's acquisition strategy?

CollisionRight acquires independent collision repair shops, typically single-location operators with established direct repair program relationships with major auto insurers. The firm then centralizes procurement, billing, and administrative functions while retaining the local shop name and staff. This strategy targets shops with steady, insurance-driven revenue in markets with dense car ownership.

Which geographies does CollisionRight operate in?

The firm's footprint covers Ohio, Pennsylvania, Maryland, and states across the broader Southeast and Midwest. It does not currently operate on the West Coast or in the Northeast Corridor beyond the Mid-Atlantic, per its disclosed acquisition history.

Does CollisionRight own the real estate underlying its repair shops?

CollisionRight typically acquires the operating business, including leasehold interests, rather than buying the physical real estate. This keeps capital deployment focused on operations and integration while leaving real estate ownership with the original seller or a third-party landlord.

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