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June 2020

Penfund Increases Investment in Caliber Collision Centers to US$160 Million

TORONTO, Ontario (June 10, 2020) – Penfund, an independent provider of junior capital to North American middle market companies, announced today the completion of a first lien debt investment in Caliber Collision Centers (“Caliber” or the “Company”). The proceeds of the investment will be used for general corporate purposes.

Caliber is the largest automotive collision repair chain in the United States with over 1,100 locations and a national footprint. The Company is a top service provider to leading insurance carriers active across the country. Caliber is a portfolio company of Hellman & Friedman, Leonard Green & Partners and OMERS Private Equity.

“Penfund first invested in Caliber in 2008 and we have deep experience with and confidence in the company and its management. Caliber remains positioned for continued success under H&F’s strong lead sponsorship,” stated Joe Mattina, a partner at Penfund.

Jeremy Thompson, a partner at Penfund, added “Caliber’s commitment to its customers, communities and employees continues to drive its standard setting service quality and strong carrier partnerships, both of which cement its leading market position.” This marks the fifth investment in Caliber Penfund has completed over the years.

About Caliber Collision

Headquartered in Lewisville, Texas, Caliber is the largest collision repair shop operator in the United States. Founded in 1997, Caliber currently owns and operates 1,166 collision repair centers across 32 states. The Company partners with leading insurance carriers to provide customers with a comprehensive range of repair, scanning and diagnostic services.


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About Penfund

Penfund is a leading provider of junior capital to middle market companies throughout North America. The firm is currently investing its most recently established fund, Penfund Capital Fund VII. Penfund manages funds sourced from pension funds, insurance companies, banks, family offices and high-net-worth individuals located in Canada, the United States, the Middle East, and Europe. Penfund has invested more than $3 billion in over 225 companies since its establishment. Assets under management are approximately $2.8 billion.

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