Collision Works of Norman LLC: Company Profile

Background

Overview

Collision Works of Norman LLC is a full-service collision repair company specializing in automotive body repair and painting services. Established in 1996 by founder Jacob Nossaman, the company has grown to become a prominent player in the collision repair industry, operating multiple locations across Oklahoma, Kansas, and Missouri. The Norman, Oklahoma location serves as a key facility within the company's network.

Mission and Vision

Collision Works of Norman LLC is committed to providing superior quality repair services, ensuring customer satisfaction through high-quality work and exceptional customer service. The company's mission is to restore vehicles to their original condition, utilizing state-of-the-art equipment and highly trained technicians.

Primary Area of Focus

The company focuses on comprehensive collision repair services, including auto body repair, paintless dent repair, and auto painting. By leveraging advanced technology and skilled personnel, Collision Works aims to deliver repairs that meet or exceed industry standards.

Industry Significance

As a leading collision repair provider in the Midwest, Collision Works has significantly contributed to the automotive repair industry by expanding its footprint and setting high standards for quality and customer service. The company's growth and reputation have made it a notable entity in the collision repair sector.

Key Strategic Focus

Core Objectives

Expansion: Strategically increasing the number of service centers to enhance market presence and accessibility for customers.

Quality Assurance: Maintaining high standards of repair quality and customer service to build trust and loyalty.

Technological Advancement: Investing in state-of-the-art equipment and training to ensure efficient and precise repairs.

Specific Areas of Specialization

Auto Body Repair: Restoring vehicles to their pre-accident condition with meticulous attention to detail.

Paintless Dent Repair: Utilizing advanced techniques to remove dents without compromising the vehicle's original paint.

Auto Painting: Providing high-quality paint services that match the vehicle's original color and finish.

Key Technologies Utilized

Car-O-Liner Systems: Employing advanced frame straightening and measuring equipment for precise repairs.

Car-O-Tronics: Utilizing computerized measuring systems to ensure accurate vehicle alignment.

Blue-Tooth Measuring Systems: Implementing cutting-edge technology for efficient and accurate repair processes.

Primary Markets Targeted

Collision Works serves a diverse customer base, including individual vehicle owners, insurance companies, and fleet operators, primarily in Oklahoma, Kansas, and Missouri. The company's strategic location in Norman, Oklahoma, positions it to effectively serve the surrounding communities and metropolitan areas.

Financials and Funding

Funding History

Collision Works of Norman LLC has experienced significant growth since its inception, expanding from a single location to a multi-state operation. The company has financed its expansion through a combination of internal revenue generation and strategic acquisitions.

Recent Funding Rounds

In July 2021, Collision Works agreed to be 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 repair centers across Kansas, Missouri, and Oklahoma, enhancing the company's operational capabilities and market reach.

Notable Investors

The acquisition by The Boyd Group Inc. represents a significant investment, reflecting confidence in Collision Works' business model and growth potential.

Intended Utilization of Capital

The capital from the acquisition is expected to be utilized for further expansion, technological advancements, and enhancing service offerings to meet the evolving needs of customers.

Pipeline Development

Key Pipeline Candidates

As a service-oriented company, Collision Works focuses on expanding its network of collision repair centers rather than developing product pipelines. The acquisition of additional service centers, such as the eight locations from Auto Craft Collision Repair in 2019, demonstrates the company's commitment to growth and market presence.

Stages of Development

The company is in the expansion and integration phase, incorporating newly acquired locations into its operational framework to ensure consistent service quality across all centers.

Target Conditions

Collision Works aims to establish service centers in regions with high demand for collision repair services, focusing on areas with significant vehicle traffic and accident rates.

Relevant Timelines

The integration of newly acquired locations is an ongoing process, with efforts focused on streamlining operations and maintaining high service standards.

Technological Platform and Innovation

Proprietary Technologies

Collision Works utilizes advanced collision repair technologies, including Car-O-Liner and Car-O-Tronics systems, to ensure precise and efficient repairs.

Significant Scientific Methods

The company employs computerized measuring systems and laser-guided frame machines to achieve factory-precise accuracy in vehicle repairs.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, the company's investment in advanced technology suggests a commitment to integrating innovative solutions to enhance repair processes.

Leadership Team

Key Executive Profiles

Jacob Nossaman: Founder and CEO. Established Collision Works in 1996, leading its growth and expansion across multiple states.

Steve Grant: Chief Executive Officer. Oversees the company's strategic direction and operations.

James Greer: Chief Operating Officer. Manages day-to-day operations and ensures service quality across all locations.

Vic Horn: President. Leads business development and expansion initiatives.

Barry Hadlock: President at Collision Works LLC. Focuses on operational excellence and customer satisfaction.

Trever Portrey: Owner. Involved in strategic planning and business growth.

Clint Snow: Owner. Contributes to company expansion and service enhancement.

Leadership Changes

The acquisition by The Boyd Group Inc. in July 2021 may have led to changes in the leadership structure to align with the new ownership and strategic objectives. Specific details regarding leadership changes post-acquisition are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The collision repair industry is characterized by a mix of large national chains and regional service providers. Key competitors include:

Gerber Collision & Glass: Operates under The Boyd Group Inc., offering extensive collision repair services across North America.

Caliber Collision: The nation's leading auto collision repair provider, operating over 1,800 locations across 41 states.

Service King Collision Repair (Crash Champions): A national automotive collision repair company with a significant presence in the U.S.

Competitor Analysis

Gerber Collision & Glass: A major player in the collision repair industry, offering a wide range of services and operating numerous locations across North America.

Caliber Collision: With a vast network of locations, Caliber Collision provides comprehensive repair services and has a strong market presence.

Service King Collision Repair (Crash Champions): A well-established company with a national footprint, offering extensive collision repair services.

Strategic Collaborations and Partnerships

The acquisition by The Boyd Group Inc. has positioned Collision Works within a larger network, potentially offering synergies in operations, technology, and market reach.

Operational Insights

Collision Works differentiates itself through its commitment to quality, customer service, and strategic expansion, enabling it to effectively compete in the regional collision repair market.

Strategic Opportunities and Future Directions

Strategic Roadmap

Post-acquisition, Collision Works is likely focusing on integrating operations with The Boyd Group Inc., optimizing service delivery, and exploring further expansion opportunities.

Future Business Directions

The company may pursue additional acquisitions, technological advancements, and service diversification to strengthen its market position.

Opportunities for Expansion

Identifying and entering new markets with high demand for collision repair services presents growth opportunities.

Positioning for Future Objectives

Leveraging the resources and expertise of The Boyd Group Inc. positions Collision Works to achieve its strategic goals and enhance service offerings.