Harris Williams Advises Kaizen Collision Center on its Growth Equity Investment from LNC Partners

Rhea-AI Summary

Harris Williams has advised Kaizen Collision Center on its equity partnership with LNC Partners. Established in 2013, Kaizen has rapidly expanded in the Southwest, now operating ten locations after acquiring three in northern Arizona. The partnership with LNC, a private equity firm with over $500 million in capital, is expected to support Kaizen's growth. The firm focuses on lower middle-market companies generating at least $2 million in EBITDA. Kaizen is recognized for its quality service and extensive insurance relationships, positioning it as a key player in the collision repair sector.

Positive

• Kaizen Collision Center has expanded its operations to ten locations after acquiring three shops in northern Arizona.
• The partnership with LNC Partners is expected to enhance Kaizen's growth potential in the collision repair market.
• Kaizen holds strong relationships with major insurance carriers, which supports its business operations.

Negative

• None.

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Kaizen Collision Center (Kaizen), a leading full-service collision repair provider, on its growth equity partnership with LNC Partners (LNC). The transaction was led by Joe Conner, Elliott Yousefian and Michael Meyer of the Harris Williams Transportation & Logistics (T&L) Group and Nick Kron of the firm’s Richmond office.

“Kaizen is recognized for its quality work and its top-notch customer service. The company has grown significantly since its founding in 2013, and we are excited to see what it achieves with LNC as a partner,” said Joe Conner, a managing director at Harris Williams. “The collision repair sector remains an area of significant interest for private equity investors. Kaizen will be a company to keep an eye on as CEO Jacob Tilzer continues to be the majority shareholder and lead the business through its next phase of growth with the support of the LNC team.”

Kaizen is a leading full-service collision repair provider in the Southwest region of the United States with an impressive track record of growth and a service offering that includes certified collision repair, paint and body, auto glass, and fleet services. Founded in December 2013 by Jacob Tilzer, the company operates in attractive, fast-growing markets in the region including Phoenix; Flagstaff, Arizona; Yuma, Arizona; and San Diego. Kaizen currently operates ten locations, having recently completed an acquisition of three shops in northern Arizona. With strong relationships with the nation’s leading insurance carriers, OEM certifications and a reputation for first-rate customer service, Kaizen is on track to continue its rapid ascent as one of the region’s leading multi-site collision providers.

LNC is a Northern Virginia-based private equity firm with over $500 million of capital under management that provides debt and equity capital to lower middle market companies. LNC invests across a broad range of industries and typically provides between $5 million to $30 million of capital to companies in support of buyouts, recapitalizations, refinancings, and acquisition and growth financings. The firm focuses on companies that generate at least $2 million of EBITDA and places an emphasis on management and founder-owned businesses.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy-duty vehicle, transportation equipment, and truck, rail, marine and air transportation. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210217005847/en/

FAQ

What partnership did Kaizen Collision Center announce?

Kaizen Collision Center announced a growth equity partnership with LNC Partners.

Who advised Kaizen on its recent partnership?

Harris Williams advised Kaizen Collision Center on its partnership with LNC Partners.

How many locations does Kaizen currently operate?

Kaizen currently operates ten locations across the Southwest region of the United States.

What type of investment does LNC Partners typically provide?

LNC Partners typically provides between $5 million to $30 million in capital to lower middle-market companies.

When was Kaizen Collision Center founded?

Kaizen Collision Center was founded in December 2013.