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Letter to the Editor
Friday October 11
Caliber Selected for Inc Magazine's Annual List of the Top 500 Fastest-Growing Private Companies in America Again
Caliber Collision Centers has been ranked 127th in Inc magazine's list of the Top 500 Fastest-Growing Private Companies in America, making this the second year in a row that the company has made the list.Since its first acquisitions in January 1997, Caliber Collision Centers has become the largest collision repair provider in California and Texas, and the largest independently operated collision repair organization in the United States.
"We're thrilled to have made the prestigious Inc 500 list again this year," stated Caliber's Chairman and CEO, Matthew Ohrnstein. "We believe that by maintaining our focus on customer service, dedication to employee development, continued investment in the most modern equipment available and a disciplined approach to acquisitions, our company will continue to thrive over the next few years."
Caliber Collision Centers has partially funded its growth over the past several years with equity investments from Keystone, Inc. (formerly The Robert M. Bass Group) - an affiliate of Oak Hill Capital Partners, L.P. (Editor's Note: NO relation to our industry's Keystone Automotive), Zurich Centre Group Holdings Limited, and Interinsurance Exchange of the Automobile Club.
Over the last five years, Caliber has acquired or developed 67 centers, and today has annual revenues exceeding $200 million.
To be eligible for this year's Inc 500, companies had to be independent and privately held through their fiscal year 2001, have at least $200,000 in sales in the base year of 1997, and their 2001 sales had to have exceeded 2000 sales.
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