Caliber Expands Fleet Services with Acquisition of Mobile Auto Body Repair Company Car Body Lab

Caliber, the automotive repair and service company operating brands including Caliber Collision and Caliber Auto Glass, has acquired Car Body Lab, a mobile auto body repair company currently servicing 20 cities across seven states. The strategic acquisition, effective immediately, expands Caliber's auto body repair capabilities for Caliber Fleet Solutions, the company's specialized division for auto body and glass repair for large volume fleets and businesses.

Shawn Hezar, Chief Corporate Development Officer of Caliber, emphasized the customer-focused nature of the acquisition, stating that Car Body Lab helps expand the company's commitment to providing the highest value and consistency that fleet managers can depend on. The acquisition represents a key milestone in Caliber's growth strategy as the company positions itself to support the evolving needs of customers nationwide.

Brent Jones, SVP Operations & Fleet Solutions at Caliber, noted that the acquisition accelerates the growth of the company's fleet servicing capabilities and enhances its national footprint with digital capabilities that support its mission to be the most trusted automotive services provider in every community served. The addition of Car Body Lab's mobile repair services provides Caliber with expanded reach to new consumers and the ability to cater to the dynamic needs of businesses and vehicle owners across multiple states.

As part of the acquisition, Rudy Joudet, Founder and CEO of Car Body Lab, will join Caliber's leadership team as Vice President of Operations. Joudet described Caliber as a trailblazer in advancing innovations in the auto body repair industry and expressed excitement about leveraging combined expertise and expanded reach to deliver quality repairs and service excellence. Stephens Inc. served as exclusive financial advisor to Car Body Lab Inc. on its sale to Caliber, though specific terms of the acquisition were not disclosed.