Former Progressive Claims President to Support
Crash Champions' Strategic Growth
CHICAGO and SANTA MONICA, Calif., Oct. 24,
2023 /PRNewswire/ -- Crash Champions, LLC ("Crash
Champions" or the "Company"), one of the nation's largest and
fastest-growing operators of high-quality automotive collision
repair services, announced today the appointment of Michael Sieger to its Board of Directors.
Mr. Sieger joins Crash Champions following a three-decade career
at The Progressive Corporation (NYSE: PGR, "Progressive"), where he
most recently served as Claims President from 2015 until his
retirement in January 2022. At
Progressive, Mr. Sieger was responsible for overall claims strategy
and led the organization through significant growth during his
tenure.
"We are proud to welcome Mike to Crash Champions' Board of
Directors," said Matt Ebert, Founder
and CEO of Crash Champions. "Mike brings a wealth of knowledge on
the automotive insurance industry, having helped lead Progressive
during a period of strong growth, which should bring us valuable
insights as we continue our strategic expansion across the
U.S."
"Crash Champions has more than doubled its footprint since we
partnered with the Company last year. As we seek to continue
our growth trajectory, we are excited to welcome Mike to the Board
and look forward to leveraging his seasoned industry perspectives,"
said José E. Feliciano, Chairman of Crash Champions' Board of
Directors and Co-Founder and Managing Partner of Clearlake, and Colin
Leonard, Partner and Managing Director at Clearlake.
"As an insurance partner, I witnessed firsthand the evolution of
Crash Champions from a regional operator into a national platform,"
said Mr. Sieger. "I am proud to join the Board during this exciting
time for the organization and look forward to partnering with Matt
and the entire Crash Champions leadership team."
Today, Crash Champions operates a lineup of more than 600
high-quality collision repair centers in 36 states and Washington D.C. and is the only national
founder-led multi-shop operator (MSO) in the industry.
For more information about Crash Champions, visit
www.crashchampions.com. Independent collision repair operators
interested in joining the Crash Champions team through the
acquisition process are encouraged to visit
www.crashchampions.com/sell-your-shop.
About Crash Champions
Crash Champions is the largest
founder-led multi-shop operator (MSO) of high-quality collision
repair service in the U.S., serving customers and business partners
at more than 600 state-of-the-art repair centers in 36 states
across the U.S. The company was founded in 1999 as a single
Chicago repair center by industry
visionary Matt Ebert, who was named
a winner of the 2023 EY Midwest Entrepreneur of the Year Award. For
more information, and to locate a local repair center, visit
www.crashchampions.com.
About Clearlake Capital Group
Clearlake Capital Group,
L.P. ("Clearlake") is an
investment firm founded in 2006 operating integrated businesses
across private equity, credit, and other related strategies. With a
sector-focused approach, the firm seeks to partner with management
teams by providing patient, long-term capital to businesses that
can benefit from Clearlake's
operational improvement approach, O.P.S.® The firm's core
target sectors are industrials, technology, and consumer.
Clearlake currently has over
$70 billion of assets under
management, and its senior investment principals have led or co-led
over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in
Dallas, TX, London, UK and Dublin, Ireland. More information is available
at www.clearlake.com.
Contacts:
For Crash Champions
Gaffney Bennett PR
Crash@gbpr.com
For Clearlake
Jennifer
Hurson
Lambert
(845) 507-0571
jhurson@lambert.com
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SOURCE Crash Champions