CARSTAR, Inc

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CARSTAR, Inc - overview

Established

1989

Location

Leawood, KS, US

Primary Industry

Retail

About

CARSTAR, Inc. is a prominent provider of collision repair services, specializing in advanced auto body repairs across various vehicle makes and models, ensuring efficient and reliable vehicle restoration after accidents. Founded in 1989, CARSTAR operates as a leading auto body repair company based in Leawood, US. The company focuses on collision repair services and has successfully expanded its footprint in North America.


In October 2015, CARSTAR was acquired by Driven Brands, a portfolio company of Roark Capital Group. The CEO, Debbie Starrman, leads the company in its mission to provide comprehensive automotive repair solutions. CARSTAR specializes in a wide range of collision repair services, including auto collision repair, paintless dent repair, and hail damage repair. Their services are tailored for both individual vehicle owners and fleet partners, emphasizing timely repairs to minimize vehicle downtime.


With 24/7 accident assistance and partnerships with over 80 insurance providers, CARSTAR streamlines the repair process across multiple North American markets. In 2014, CARSTAR reported a revenue of USD 712. 00 mn, primarily generated through direct service transactions with individual customers and fleet accounts. Their business model relies on partnerships with insurance companies to facilitate smooth billing for repair services, ensuring a steady income stream.


Following the acquisition in October 2015, CARSTAR aims to leverage its resources to expand into new geographic regions and enhance its service offerings. Although specific upcoming products and launch dates have not been disclosed, the focus will be on enhancing existing services and possibly introducing new ones to meet market demands. The recent acquisition by Driven Brands will support these initiatives by providing the necessary capital and strategic direction for further growth.


Current Investors

Roark Capital Group, Driven Brands, Inc.

Primary Industry

Retail

Sub Industries

Consumer Services, Automobile Repair

Website

www.carstar.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

CARSTAR, Inc - financials

Fiscal Year EndedDec 31, 2014
Revenue (USD)-
% Revenue Growth (YoY)-
EBITDA (USD)-
Operating Income (USD)-
Operating Margin-
% EBITDA Margin-
NET Income (USD)-
% Net Margin-

CARSTAR, Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Corporate Carve Out, Trade SaleCompletedJ & W CARSTAR Collision Repair Center-
Add-on, Trade SaleCompletedCARSTAR, Inc-
Secondary BuyoutCompletedCARSTAR, Inc-
BuyoutCompletedCARSTAR, Inc-

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CARSTAR, Inc - employee data

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