Hi all - this past Wednesday, we launched our AI for PE pilot series. Check out the first edition!
This week, we’re diving into collision repair rollups. Why? Over the last two weeks, I’ve had three conversations where the person on the other side of the call mentioned this playbook.
Before diving in, I’m excited to welcome a new supporter of RTC, someone all acquisition entrepreneurs should have on their side...
Road To Carry is proudly supported by Oberle
There are large cap insurance brokers for MM PE. And then there's Oberle for acquisition entrepreneurs.
When August launched Oberle, he built a practice dedicated to the acquisition entrepreneurship ecosystem, shaped by his own experience navigating the gap in the market as an acquisition entrepreneur.
350+ ETA clients, 15+ years of M&A experience, and an NPS of 80+. Oberle is the trusted insurance advisor for acquisition entrepreneurs building holding companies, independent sponsor platforms, and search fund deals.
Their complimentary due diligence review catches what generalist brokers without real M&A experience miss, and their placement process helps to improve coverage, reduce annual spend, and gets you to close hassle free.
If you're serious about closing a deal, Oberle should be one of the advisors on your side.
PE Playbook: Auto Collision Repair Shops
This article was supported by RTC’s past Research Analyst Joseph Chiang.
State of Play
In 2025, Caliber Collision filed a confidential S-1. The Company had grown from 66 shops when ONCAP acquired it in 2008 to ~1,850 (!) locations across 40 states by 2025.
Caliber is an instructive case study for understanding why the industry attracted 16+ (!) separate PE-backed platforms.
Let's dive in!