Cooks Collision Centers, a Roseville, Calif.-based operator of collision repair facilities in the Sacramento and San Francisco Bay Area, has acquired six locations previously owned by Holmes Body Shop, a multiple collision repair operator in Southern California.
This transaction represents Cooks Collision’s initial platform acquisition in the Southern California market. Terms of the agreement were not disclosed.
The addition of the Holmes Body Shop locations further expands Cooks position as the largest independently owned and operated collision repair organization in California with 25 locations throughout California. The acquired collision repair centers are located in Alhambra, Canoga Park, Duarte, El Segundo, Riverside and Westlake Village, Calif.
“The acquisition of the six Holmes locations is a key step in executing our strategic plan by expanding to the Los Angeles basin and serving Southern California consumers," said, Rick Wood, co-CEO of Cooks Collision Centers. “Cooks Collision is committed to providing our new Southern California customers the same high quality collision repair, customer service and value that our Northern California customers have come to expect for the past 33 years."
Chris Rose, Vice President of Southern California Operations, said, “The scale of this initial acquisition will enable Cooks Collision to serve our insurance partners and dealership clients and provide consumers with six convenient locations. We plan to add many additional locations throughout the Southern California market.”
“We are very excited about Cooks Collision assuming ownership of our six locations,” stated Tom Holmes, owner and CEO of Holmes Body Shop. "Since 1972, our Team has focused on delivering outstanding customer service and quality collision repairs to our customers.
"We made our final decision to join the Cooks team based on the honesty and integrity of the entire Wood family and Cooks employees that we met and dealt with. Our Team is excited to join the Cooks Collision organization,” added Holmes. Tom Holmes will continue to own and operate the Holmes Body Shop location in Pasadena, California.
Symphony Advisors LLC acted as advisors to both Cooks Collision Centers and Holmes Body Shop throughout the acquisition process. Veritas Advisors acted as advisors to Cooks Collision Centers. Cooks Collision continues to seek quality companies for acquisition. Interested owners can contact Rick Wood directly at (702) 408-7627 or [email protected].
