Garnett Station Partners, LLC (โGarnett Stationโ), a New York-based principal investment firm recently announced that it has made a growth investment into VIVE Collision (โVIVEโ or the โCompanyโ), a leading collision repair multi-site operator (โMSOโ). The financial terms of the transaction were not disclosed.
VIVE operates collision repair facilities across four states with a dedicated focus on providing the highest-quality, people-first collision repair experience in the industry by prioritizing honesty, transparency, and reliability for its customers.
โVIVE Collision is an extremely attractive platform opportunity given its market leadership, differentiated commitment to customers, and the strength of its deep management team,โ said Alex Sloane, Co-Founder and Managing Partner at Garnett Station. โWe are extremely excited to partner with Vartan, Scott, Phil, and the entire VIVE team to provide growth capital and operational resources to support the Company on its continued growth path.โ
Vartan Jerian, Jr. Co-Founder and CEO of VIVE, commented, โThe collision repair industry is at an inflection point, fueled by changing technology as well as training and certification requirements to service todayโs modern vehicle. We are excited to partner with Garnett Station, who offers deep expertise in rapidly scaling businesses and shares our commitment to driving VIVEโs next chapter of growth.โ
Scott Leffler, Co-Founder, and Co-Head of Business Development of VIVE said, โWe are excited to partner with Garnett Station during the next phase of growth for VIVE Collision. Garnett Stationโs understanding of the industry, resources, relationships, and experience partnering with growing companies will be invaluable as we expand our geographic presence, invest in our team and continue to deliver world-class collision repair services for our customers.โ
