ALLENTOWN, PA – VIVE Collision (“VIVE” or the “Company”), a leading collision repair multi-site operator, has successfully completed the acquisition of Vinart Collision Center from the Vinart Family of Automobile Dealerships (“Vinart Dealerships”). Vinart Collision Center is the automotive collision repair subsidiary of the Vinart Family of Automobile Dealerships. In connection to the transaction, Vinart Collision Center will be renamed and continue operating as VIVE Collision of Lehigh Valley. Vinart Dealerships will retain ownership of its name and all other aspects of its retail automobile business. The transaction includes a long-term partnership agreement whereby Vinart Dealerships and VIVE Collision will work together to support each organization’s operational activities in the region. The transaction, which marks VIVE’s entry into Pennsylvania, also highlights the Company’s commitment to providing the highest quality repair standards in the industry and to building successful partnerships with automotive dealerships.
“Right around the start of the year, we were presented with a compelling offer to divest ourselves of the collision repair business and enter into a long-term commercial partnership with VIVE Collision. In addition, we retain our wholesale parts relationship, and VIVE Collision will serve as the certified repair facility for the automotive brands we represent in the market and continue as our preferred collision center partner for our customers” said Andrew Wright, Managing Partner of Vinart Dealerships. Wright continued “We are normally net acquirers of assets and businesses, but in this case, the offer was too good to pass up. We are very confident that VIVE will effectively service the collision repair needs of our customers and the community in a manner consistent with what we have been accustomed to delivering for the past four decades. We are extremely thankful for the years of dedicated service from the team members that will be departing to join the VIVE team. We look forward to the continued growth of our retail automobile sales and service operations in the Lehigh Valley and beyond.”
“We are thrilled to be partnering with Andrew and the Vinart Family of Automobile Dealerships, who share VIVE’s core values of People, Process and Passion, to provide best-in-class collision repair services to the Lehigh Valley region,” said Vartan Jerian, Jr., Co-Founder and CEO of VIVE. “This transaction underscores our unwavering commitment to our OEM partners as well as our focus on obtaining OEM certifications that provide our teammates with the best training, equipment and parts to deliver the highest-quality possible repair for our customers. We welcome over 40 new teammates to the VIVE family and look forward to supporting the business’ continued success.”
Focus Advisors served as financial advisor to Vinart Dealerships.
About Vinart Dealerships
Founded in 1984 by original business partners Arthur Wright Jr. and Vincent Piazza, the Vinart Dealerships operates a chain of franchised automobile dealerships in the Lehigh Valley of Pennsylvania consisting of Acura, Honda, Hyundai, Mercedes-Benz, and Porsche franchises. Today, the business is operated by Managing Partner, Andrew Wright. Collectively the group retails over 6,000 new and used vehicles annually and employs over 350 team members. For more information, please visit www.vinart.com.
About VIVE Collision
VIVE Collision is a multi-site collision repair operator providing collision repair services to customers across New York, New Jersey, Maine, Rhode Island, Connecticut, Massachusetts and Pennsylvania. VIVE Collision was formed with a vision to carve a new path forward for the industry built on three fundamental values its founders believe the collision repair industry has neglected for too long; they call them the 3 Ps: People, Process and Passion. “We are an organization deeply committed to our People. We are innovators of Process. We are practitioners of Passion. We are your modern family of collision repair experts.” For more information, please visit www.vivecollision.com.
Media Contacts:
Vinart Dealerships
Andrew Wright
Managing Partner
[email protected]
VIVE Collision
Rich Tanchyk
Vice President
[email protected]