Recently it was announced that Caliber made a large platform acquisition in Philadelphia. News of the deal caught national headlines. But subsequent to the Philadelphia deal, Caliber made an even larger acquisition in Southern California. But this deal didn’t make national headlines at all, even though it was a larger deal. Why the difference?
This week Brad Mewes talks about platform acquisitions. What is a platform acquisition? How is a platform different from a regular acquisition? He discusses what a platform acquisition looks like, both physically and financially. Lastly, he talks numbers, and why a platform acquisition should have a higher price than regular acquisition (but sometimes doesn't), and the options available to platform businesses, including private equity groups that are eager to invest into regional collision repair platforms. Read the full article here
