CSN Collision is one of North America’s largest collision repair networks with over 400 licensed and corporate-owned locations .
Investment
N/A
Fund
ONCAP V
Period
October 2025 - Present
ONCAP Team
Transaction Summary
ONCAP invested in CSN Collision (“CSN” or the “Company”), in partnership with CSN’s founders and management, in October 2025.
Business Description
CSN Collision is one of North America’s largest collision repair networks with over 400 licensed and corporate-owned locations. The Company delivers comprehensive collision and glass repair services with industry-leading performance standards and vehicle OEM certifications. CSN licensees benefit from access to direct repair programs, preferred supplier pricing, and ongoing operational training and support from CSN’s in-house experts, empowering them to enhance the performance and profitability of their independently owned and operated collision repair centers.
Investment Thesis
ONCAP was attracted to CSN due to its (I) market-leading, differentiated business model with highly compelling value proposition and durable competitive advantages; (II) opportunity to consolidate the highly fragmented collision repair industry with compelling industrial logic and highly attractive economics; (III) opportunity to drive organic growth through several levers, including the penetration of remaining whitespace and new adjacencies; (IV) recession-resistant industry supported by non-discretionary demand drivers; (V) attractive financial profile and free cash flow characteristics.