Cole Strandberg, Managing Director at FOCUS Investment Banking, LLC shares his perspectives on the end of the single-store generalist body shop. As vehicles become increasingly complex, the training, equipment, and talent required to repair them is disrupting an industry that’s been around for over a century. But this disruption presents a massive opportunity. Depending on their financial resources, skills, and strategic vision, operators have three viable paths forward: specialize, scale, or sell. Each choice comes with its own set of advantages and challenges, but the one option that’s not on the table: Doing nothing.
The IDEAS Collide Showcase was filmed live at the 2024 SEMA Show, and features fast-paced presentations designed to stimulate thought, innovation, and resolution of business challenges with brash, outspoken, and provoking concepts from thought leaders both in and out of the industry. This presentation was delivered as part of the showcase designed to spotlight individuals and companies with topics that rattle the status quo with ambitious ideas that could have a transformative effect on the industry. Hit the thumbs up to subscribe and be notified as more IDEAS Collide sessions are released and visit https://rde.scrs.com for more Repairer Driven Education sessions from SCRS (www.scrs.com).
Early in the presentation, Strandberg mentions a panel discussion at the 2023 Collision Industry Conference at SEMA. You can read more about that presentation here:
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