Crash Champions Announces Appointment of Automotive Insurance Industry Veteran Michael Sieger to its Board of Directors

Rhea-AI Summary

Crash Champions appoints former Progressive Claims President, Michael Sieger, to its Board of Directors, bringing valuable insights on automotive insurance industry. Crash Champions has doubled its footprint since last year and continues strategic expansion across the U.S.

Positive

• Appointment of Michael Sieger, former Claims President of Progressive, brings valuable insights on automotive insurance industry
• Crash Champions has doubled its footprint since partnering with the Company last year
• Crash Champions continues strategic expansion across the U.S.

Negative

• None.

Former Progressive Claims President to Support Crash Champions' Strategic Growth

 CHICAGO and SANTA MONICA, Calif., Oct. 24, 2023 /PRNewswire/ -- Crash Champions, LLC ("Crash Champions" or the "Company"), one of the nation's largest and fastest-growing operators of high-quality automotive collision repair services, announced today the appointment of Michael Sieger to its Board of Directors.

Mr. Sieger joins Crash Champions following a three-decade career at The Progressive Corporation (NYSE: PGR, "Progressive"), where he most recently served as Claims President from 2015 until his retirement in January 2022. At Progressive, Mr. Sieger was responsible for overall claims strategy and led the organization through significant growth during his tenure.

"We are proud to welcome Mike to Crash Champions' Board of Directors," said Matt Ebert, Founder and CEO of Crash Champions. "Mike brings a wealth of knowledge on the automotive insurance industry, having helped lead Progressive during a period of strong growth, which should bring us valuable insights as we continue our strategic expansion across the U.S."

"Crash Champions has more than doubled its footprint since we partnered with the Company last year.  As we seek to continue our growth trajectory, we are excited to welcome Mike to the Board and look forward to leveraging his seasoned industry perspectives," said José E. Feliciano, Chairman of Crash Champions' Board of Directors and Co-Founder and Managing Partner of Clearlake, and Colin Leonard, Partner and Managing Director at Clearlake.

"As an insurance partner, I witnessed firsthand the evolution of Crash Champions from a regional operator into a national platform," said Mr. Sieger. "I am proud to join the Board during this exciting time for the organization and look forward to partnering with Matt and the entire Crash Champions leadership team."

Today, Crash Champions operates a lineup of more than 600 high-quality collision repair centers in 36 states and Washington D.C. and is the only national founder-led multi-shop operator (MSO) in the industry.

For more information about Crash Champions, visit www.crashchampions.com. Independent collision repair operators interested in joining the Crash Champions team through the acquisition process are encouraged to visit www.crashchampions.com/sell-your-shop.

About Crash Champions
Crash Champions is the largest founder-led multi-shop operator (MSO) of high-quality collision repair service in the U.S., serving customers and business partners at more than 600 state-of-the-art repair centers in 36 states across the U.S. The company was founded in 1999 as a single Chicago repair center by industry visionary Matt Ebert, who was named a winner of the 2023 EY Midwest Entrepreneur of the Year Award. For more information, and to locate a local repair center, visit www.crashchampions.com.

About Clearlake Capital Group
Clearlake Capital Group, L.P. ("Clearlake") is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are industrials, technology, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com.

Contacts:

For Crash Champions
Gaffney Bennett PR
Crash@gbpr.com 

For Clearlake
Jennifer Hurson
Lambert
(845) 507-0571
jhurson@lambert.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/crash-champions-announces-appointment-of-automotive-insurance-industry-veteran-michael-sieger-to-its-board-of-directors-301965717.html

SOURCE Crash Champions

FAQ

Who has Crash Champions appointed to its Board of Directors?

Crash Champions has appointed Michael Sieger, the former Claims President of Progressive, to its Board of Directors.

What is the current growth trajectory of Crash Champions?

Crash Champions has doubled its footprint since partnering with the Company last year and continues its strategic expansion across the U.S.

What industry insights does Michael Sieger bring to Crash Champions?

Michael Sieger brings valuable insights on the automotive insurance industry to Crash Champions.

How many collision repair centers does Crash Champions operate?

Crash Champions operates more than 600 high-quality collision repair centers in 36 states and Washington D.C.

How can independent collision repair operators join Crash Champions?

Independent collision repair operators interested in joining Crash Champions can visit www.crashchampions.com/sell-your-shop for more information.