CSN Collision Partners with ONCAP to Accelerate Growth

Executive Summary

• CSN Collision announced a strategic partnership with ONCAP (Onex Corporation’s lower‑mid‑market private equity platform) to acquire various collision centres from its founders.
• The transaction provides CSN with ONCAP’s financial backing, enabling accelerated growth through organic initiatives and further acquisitions of collision repair businesses of any size.
• Both parties retained existing shareholders; the founders will remain shareholders in CSN post‑transaction.

Key Details

• Transaction Scope: Acquisition of multiple CSN collision centres from the company’s founders; founders retain equity stakes.
• Strategic Rationale: Creation of a scaled, corporate‑owned platform to support and expand CSN’s network of independently owned licencees.
• Growth Outlook: ONCAP’s investment positions CSN to pursue additional acquisitions (both organic growth and bolt‑on targets) across North America and Europe.
• Financial Advisors: Origin Merchant Partners (exclusive financial advisor to CSN); Harris Williams (exclusive financial advisor to ONCAP).
• Legal Counsel: Stikeman Elliott (legal counsel to CSN); Torys (legal counsel to ONCAP).
• Leadership Comments:
• Ryan Bruno, President & CEO of CSN Collision – highlighted the partnership as a foundation for accelerated growth and enhanced value for licencees, insurance partners, and customers.
• Rene Boissonnault, Principal at ONCAP – emphasized enthusiasm for supporting CSN’s next phase of growth through organic initiatives and acquisitions.

Notable Quotes

• “This is an exciting time for CSN and the entire collision repair industry… ONCAP brings deep experience scaling multi‑site businesses in the automotive aftermarket…” – Ryan Bruno, President & CEO, CSN Collision
• “We are thrilled to be partnering with the Company as it embarks on its next phase of growth…” – Rene Boissonnault, Principal, ONCAP