Fried Frank Steers OMERS Unit in Caliber Collision Buy

Law360, New York (November 21, 2013, 4:30 PM EST) -- The private equity arm of the Ontario Municipal Employees Retirement System has partnered with existing management to acquire Caliber Collision Centers from private equity firm ONCAP, a unit of Onex Corp., OMERS PE said Wednesday.

In the deal, OMERS PE joins with current executives of Caliber to acquire the automotive collision repair services provider. The Texas-based Caliber is the largest independent collision repairer in the U.S., with more than 157 locations located throughout various western states. The company employs about 3,700 workers and repairs more than...
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