CSN Collision Partners with ONCAP to Accelerate Growth

CSN Collision, one of North America's premier networks of collision repair centres, announced a strategic partnership with ONCAP, the lower mid-market private equity platform of Onex Corporation (TSX: ONEX), on October 23, 2025. This collaboration aims to facilitate the acquisition of various collision centres from CSN’s founders, who will retain ownership stakes in the company. This partnership is seen as a significant step in CSN’s growth trajectory, providing the company with enhanced financial resources and a platform to expand through both organic growth and targeted acquisitions.

By integrating ONCAP’s expertise in scaling multi-site automotive businesses, CSN is now poised to bolster its capabilities and infrastructure, enabling it to support its network of independently owned collision repair centres more effectively. This strengthened position allows CSN to pursue acquisition opportunities across various business sizes, reinforcing its status as a leader in the collision repair industry.

Ryan Bruno, President and CEO of CSN Collision, expressed enthusiasm about the partnership, stating that ONCAP’s involvement is pivotal for creating a robust foundation for future initiatives. ONCAP Principal Rene Boissonnault echoed this sentiment, highlighting CSN's strong reputation and commitment to excellence in the sector.

CSN, established in 2002 and headquartered in Oakville, Ontario, boasts over 400 locations globally, and is focused on empowering independent auto body shops through access to vital insurance partnerships and ongoing operational support. With this new partnership, CSN aims to continue its trajectory of growth and innovation, further benefiting its licensees, partners, and customers.

This collaboration not only promises to enhance CSN's operational capacity but also signifies a new era of expansion for the brand, strengthening its foothold in both North America and beyond.

CSN Collision Partners’ recent alliance with ONCAP marks a significant turning point for both the Company and the broader collision repair industry. With ONCAP's strategic investment, CSN is primed to enhance its operational framework and scale through a stronger network of corporate-owned collision centers.

This partnership aligns with a growing trend in the lower mid-market private equity space, where financial backing facilitates accelerated growth and operational efficiency. As CSN continues to integrate and expand its network of independently owned collision repair centers, the capability to pursue acquisitions will significantly amplify its market footprint. Investors should view this as a robust growth signal, particularly given the industry's increasing demand for diversified collision repair solutions.

CSN's established reputation, coupled with ONCAP’s extensive experience in the automotive aftermarket, presents a compelling investment case. The unique value proposition offered to licensees—including access to leading insurance programs, procurement advantages, and ongoing support—enhances the potential for strong market performance. This model not only benefits existing licensees but also attracts new participants to the network, fostering organic growth.

Furthermore, CSN’s commitment to excellent service and innovation aligns with evolving consumer expectations—an essential factor in sustaining competitive advantage. With over 400 locations and plans for European expansion, the Company's trajectory appears promising, suggesting that operational scale and quality service will propel market share growth.

For investors considering entry or increased involvement in the collision repair sector, CSN Collision represents a formidable opportunity. Ongoing monitoring of post-acquisition integrations and operational efficiencies will be key in assessing the firm’s growth potential in the ensuing quarters. As CSN positions itself as a leader in this space, stakeholders can anticipate a favorable impact on both revenue and market valuation.