Founded in 1983, Classic Collision (“Classic”) is a leading multi-site operator of collision repair centers in the U.S. and the largest operator in the Greater Atlanta market. Classic operates collision repair sites across Georgia, Florida, Alabama and South Carolina. Prior to New Mountain’s ownership, Classic had been a family-owned and operated business that successfully grew organically adding greenfield locations and building a strong reputation with automotive insurance carriers and local dealerships.
New Mountain acquired Classic as a result of the Firm’s long-standing “deep dive” initiative in automotive aftermarket services. New Mountain initiated proprietary discussions with Classic in mid-2019 and used a number of expert advisors to assist in due diligence and acquire the business outside of a formal auction process.