CHICAGO, February 15, 2024 — Golub Capital acted as Administrative Agent, Left Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of CollisionRight by Summit Partners. The proceeds will be used to help support CollisionRight’s growth plan, which is focused on acquiring and operating high-quality, customer-friendly collision repair shops across the Central United States and Mid-Atlantic regions. Terms of the deal were not disclosed.
CollisionRight was founded in 2020 and is one of the leading consolidators and providers of collision repair services in the United States. Golub Capital has been a lender to CollisionRight since 2022.
The senior secured credit facility is composed of a revolving credit facility, term loan and delayed draw term loan.
About Golub Capital Sponsor Finance
Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The firm’s Direct Lending group provides buy-and-hold financing for sponsor-backed transactions with hold positions up to $700 million and arranges syndicated credit facilities up to $2 billion.
As of January 1, 2024, Golub Capital had over 875 employees and over $65 billion of capital under management, a gross measure of invested capital including leverage. For more information, please visit golubcapital.com.
About CollisionRight
CollisionRight is a leading provider of automotive collision repair services through a network of 89 facilities across nine states including Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee and West Virginia. CollisionRight differentiates itself through a passion for quality repair work, backed by heavy investment in state-of-the-art equipment, facilities, technician training and auto manufacturer certifications. CollisionRight shops repair over 90,000 cars per year and maintain over 100 direct repair programs with insurance carriers. The Company maintains strong relationships with insurance carriers, who generate approximately 90% of the Company’s sales. The Company is based in Dublin, Ohio. For more information, please visit www.CollisionRight.com.