TPG (TPG) to Acquire Classic Collision

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TPG Agrees to Acquire Classic Collision

April 3, 2024 8:00 AM EDT

SAN FRANCISCO & FORT WORTH, Texas & ATLANTA--(BUSINESS WIRE)-- TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator. TPG Capital, the U.S. and European private equity platform of TPG, will acquire the business from New Mountain Capital. Classic Collisions management team will remain invested in the company. Terms of the transaction were not disclosed.

Todays announcement is an exciting milestone for Classic Collision and a great testament to the strength of... More