#United States #Trive Capital #Chilton Auto Body #EV Collision Repair #San Carlos

Trive Capital Partners with Chilton Auto Body: A Leap into the Future of Auto Repair

In a strategic move that could reshape the auto collision repair industry, Trive Capital, a prominent private equity firm based in Dallas, has announced its investment in Chilton Auto Body, headquartered in San Carlos, California. This partnership is poised to enhance the capabilities of Chilton, enabling it to broaden its footprint in the auto repair market, particularly in the rapidly growing segment of electric vehicles (EVs).

A Legacy of Excellence in Collision Repair

Founded in 1969 by Charles Chilton, the company started its journey in auto collision repair with a single shop in San Mateo, California. Over the decades, Chilton Auto Body has transformed into a pivotal player in the collision repair industry, especially noted for being the first Tesla-certified body shop. This distinction underlines Chilton’s commitment to excellence and innovation in EV collision repair—a sector that is increasingly vital as the adoption of electric vehicles rises.

Chilton Auto Body operates 20 state-of-the-art repair facilities across California, offering a comprehensive suite of services that includes everything from structural damage repair to cosmetic fixes like paintless dent removal. While they serve all vehicle models, Chilton specializes in domestic and international electric vehicle brands such as Tesla, Rivian, and Lucid, placing them at the forefront of the electric vehicle repair movement.

Trive Capital's Vision for Growth

Mike Chilton, the CEO of Chilton Auto Body, expressed enthusiasm about this new chapter, emphasizing the partnership’s potential to elevate the company’s service offerings while ensuring a top-tier customer experience. He stated, "Today's announcement marks a pivotal moment for our company...We are thrilled to partner with Trive as we launch this new phase of growth."

Trive Capital’s managing team has extensive experience with over 250 transactions in the middle-market space, representing revenues in excess of $10 billion. Jared Reyes, Managing Director at Trive, underscored the Chilton leadership's successful track record in growing the company’s operations while maintaining high standards of customer service and quality repair. Reyes noted that their aim is to help Chilton expand further through strategic acquisitions and new locations.

The collision repair industry is experiencing notable growth driven by the increasingly complex nature of modern vehicles, including technological advancements in electric vehicles. Chris Zugaro, a partner at Trive, pointed out the tremendous market opportunities emerging from the concurrent rise of vehicle complexities and EV adoption. He added, "Chilton's history and reputation position them well to capitalize on these trends."

Looking Ahead: The Future of Auto Repair

As the auto industry continues to evolve with more individuals shifting towards electric vehicles, the demand for specialized repair services is expected to soar. This is where Chilton Auto Body aims to excel, armed with the strategic support from Trive Capital.

The collaboration aims not only to enhance the operational capabilities of Chilton but also to solidify its reputation as a leader in the EV repair space. With an eye on future growth, the company looks forward to expanding its already impressive network and redefining standards in the collision repair domain.

This partnership presents an exciting opportunity for the auto repair industry, particularly in California, which is leading the charge in EV adoption in the United States. As Chilton Auto Body gears up for this next phase, customers can expect an invigorated focus on quality, innovation, and customer-centric services.

For more information about Chilton Auto Body, visit Chilton Auto Body's official site.