Collision Works LLC Company Profile

Background

Overview

Collision Works LLC, founded in 1996 by Jacob Nossaman, is a prominent collision repair company headquartered in Oklahoma City, Oklahoma. Over the years, it has expanded its operations across multiple states, including Oklahoma, Kansas, and Missouri, establishing itself as a leader in the automotive collision repair industry.

Mission and Vision

Collision Works is dedicated to providing high-quality collision repair services, ensuring customer satisfaction through meticulous attention to detail and the use of advanced repair technologies. The company's vision is to be the preferred choice for collision repair services, recognized for excellence and reliability.

Primary Area of Focus

The company specializes in comprehensive collision repair services, including bodywork, painting, and detailing, catering to a diverse clientele ranging from individual vehicle owners to fleet operators.

Industry Significance

As a significant player in the collision repair sector, Collision Works has contributed to the consolidation trend within the industry, expanding its footprint through strategic acquisitions and enhancing its service capabilities.

Key Strategic Focus

Core Objectives

Expansion: Aggressively expanding its market presence through acquisitions and new facility openings.

Customer Satisfaction: Maintaining high standards of service to ensure customer loyalty and positive referrals.

Operational Efficiency: Streamlining operations to reduce turnaround times and improve service quality.

Specific Areas of Specialization

Fleet Services: Offering specialized services for fleet vehicles, ensuring minimal downtime and maintaining operational efficiency for businesses.

Advanced Repair Techniques: Utilizing state-of-the-art equipment and repair methods to handle a wide range of collision damages.

Key Technologies Utilized

Color Matching Systems: Employing advanced technology to ensure precise paint color matching for repairs.

Frame Alignment Equipment: Utilizing computerized frame alignment systems to restore vehicle structures to manufacturer specifications.

Primary Markets Targeted

Individual Vehicle Owners: Providing repair services for personal vehicles.

Commercial Fleets: Serving businesses with multiple vehicles, offering tailored services to minimize operational disruptions.

Financials and Funding

Funding History

Collision Works has grown organically and through strategic acquisitions, including the notable acquisition of eight locations from Auto Craft Collision Repair in 2019, which expanded its presence in Oklahoma and Kansas.

Total Funds Raised

Specific details regarding total funds raised are not publicly disclosed.

Recent Funding Rounds

In 2021, Collision Works was acquired by The Boyd Group Inc., a Canadian-based company operating under the trade name Gerber Collision & Glass in the U.S. This acquisition included 35 Collision Works locations across Kansas, Missouri, and Oklahoma.

Notable Investors

The acquisition by The Boyd Group Inc. represents a significant investment in Collision Works, enhancing its operational capabilities and market reach.

Intended Utilization of Capital

The capital from the acquisition is expected to be utilized for expanding service offerings, enhancing operational efficiencies, and integrating advanced technologies to improve service quality.

Pipeline Development

Key Pipeline Candidates

Post-acquisition, Collision Works continues to operate its existing locations, focusing on integrating with The Boyd Group Inc.'s operations and expanding service capabilities.

Stages of Development

The integration process is ongoing, with efforts directed towards aligning operational procedures, training staff, and standardizing service offerings across all locations.

Target Conditions

The company aims to serve a broad spectrum of collision repair needs, from minor dents to major structural repairs, catering to both individual and commercial clients.

Relevant Timelines for Anticipated Milestones

Specific timelines for integration milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Collision Works utilizes advanced color matching systems and computerized frame alignment equipment to ensure precise and efficient repairs.

Significant Scientific Methods

The company employs state-of-the-art repair techniques, including computerized diagnostics and advanced welding methods, to restore vehicles to their pre-accident condition.

Leadership Team

Key Executive Profiles

Jacob Nossaman: Founder and CEO of Collision Works, Nossaman led the company from its inception in 1996 until its acquisition in 2021.

Patrick Quagliato: Managing Member of Collision Works LV, LLC, a subsidiary operating in Las Vegas, Nevada.

Leadership Changes

In 2021, Collision Works was acquired by The Boyd Group Inc., leading to changes in the leadership structure as the company integrated into the larger organization.

Competitor Profile

Market Insights and Dynamics

The collision repair industry is characterized by consolidation, with large multi-store operators (MSOs) expanding their market presence through acquisitions. This trend has intensified competition, with companies striving to enhance service quality, operational efficiency, and customer satisfaction.

Competitor Analysis

Caliber Collision: A leading MSO with a vast network of locations across the United States, known for its rapid expansion and comprehensive service offerings.

Gerber Collision & Glass (The Boyd Group Inc.): A significant player in the industry, operating under the trade name Gerber Collision & Glass in the U.S., with a substantial number of locations nationwide.

Strategic Collaborations and Partnerships

The acquisition by The Boyd Group Inc. has positioned Collision Works to leverage the resources and expertise of a larger organization, enhancing its service capabilities and market reach.

Operational Insights

The integration with The Boyd Group Inc. is expected to streamline operations, standardize service offerings, and improve customer satisfaction through shared best practices and resources.

Strategic Opportunities and Future Directions

Strategic Roadmap

Post-acquisition, Collision Works aims to integrate seamlessly with The Boyd Group Inc., focusing on enhancing service quality, expanding service offerings, and increasing market penetration.

Future Business Directions

The company plans to explore opportunities for further expansion, both through organic growth and potential acquisitions, to strengthen its position in the collision repair industry.

Opportunities for Expansion

By leveraging the resources of The Boyd Group Inc., Collision Works has the potential to enter new markets and offer additional services, such as auto glass repair and advanced driver-assistance systems (ADAS) calibration.

Current Strengths

Collision Works' established reputation for quality repairs, extensive network of locations, and experienced workforce provide a solid foundation for future growth and success.