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Quality Collision Group announces acquisition of Hance’s Uptown Collision Center to expand in Texas

Aug 27, 2024•11 months ago

Acquiring Company

Quality Collision Group

Acquired Company

Hance’s Uptown Collision Center

McKinneyPlanoPublic SafetyAutomotiveManufacturing

Description

Quality Collision Group, a prominent consortium of OEM-certified collision repair centers, has announced the acquisition of Hance’s Uptown Collision Center. This strategic move expands Quality Collision Group's presence in Texas and adds Hance’s renowned luxury auto body repair expertise to its network.

Company Information

Company

Quality Collision Group

Location

McKinney, Texas, United States

About

Quality Collision Group is a growing collection of best-in-class OEM-certified collision repair centers. The organization was founded in 2020 with a desire to create a new MSO model that prioritizes quality and OEM compliance and certifications while delivering best-in-class auto body repairs and exceptional customer experiences. For more information and to inquire about partnering with Quality Collision Group, visit qualitycollisiongroup.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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