New York, NY - May 23, 2025 - Hammer Group Holdings and Zoran Advisors, leading advisory firms in the automotive repair industry, today announced the successful acquisition of Precision Auto Works of LIC, a premier multi-shop operator (MSO) with three collision repair centers across New York City and Long Island, by Driving Force Collision, backed by TRP Capital Partners. The transaction, finalized in November 2024, was strategically delayed in its announcement to ensure seamless integration and to unveil the partnership at an optimal time.
Precision Auto Works of LIC operates three state-of-the-art facilities, collectively spanning approximately 48,000 square feet of productive space. Strategically located to serve the New York metropolitan and Long Island markets, these centers are renowned for their commitment to quality, holding certifications for electric vehicle (EV) repairs, including Tesla, Lucid, and Rivian. Precision Auto Works of LIC was the first factory-trained Tesla Certified repair shop in New York. With significant investments in advanced equipment, continuous technician training, and certifications from leading automotive brands, Precision Auto Works of LIC has established itself as one of the most reputable and successful MSOs in the region.
This acquisition marks Driving Force Collision's strategic entry into the Northeast, serving as a launchpad for TRP Capital Partners' collision division in the region. Based in Michigan, TRP Capital Partners brings over 125 years of combined transportation-based investing experience, with $1.2 billion of equity in 33 platform transactions, 200 add-ons and greenfields, and 28 years in the transportation space. The deal provides Driving Force with a robust footprint in the competitive New York and tri-state markets, aligning with its commitment to quality, innovation, and operational excellence. Precision Auto Works of LIC's established reputation and strategic locations position Driving Force for significant growth and market leadership.
George Anastasopoulos, Vasilis Kalosinis, and Eric Ross, partners at Precision Auto Works of LIC, have been instrumental in building the company's reputation as a market leader. Their focus on quality, strong industry relationships, and adherence to best practices has set an industry benchmark. Through this acquisition, Anastasopoulos and Ross will continue to drive growth, leveraging their expertise to expand Driving Force Collision's presence across the New York and tri-state markets.
Key executives at Driving Force Collision, Darren Duvall and Scott Foulke, played critical roles in leading the acquisition. Duvall, a seasoned collision repair management executive with nearly two decades of experience, is known for driving operational excellence, with prior contributions at Service King Collision Repair Centers and Crash Champions. Foulke, with extensive experience as an Area Manager at Service King and Regional Manager at Grand Sport Auto Body & Glass, brings deep operational expertise. Together, they ensured the acquisition aligned with Driving Force's commitment to quality and innovation.
Hammer Group Holdings and Zoran Advisors, advisors to Precision Auto Works of LIC, played a pivotal role in orchestrating the transaction. Hammer Group Holdings, a leading advisor to collision repair entrepreneurs in the Northeast, brings 30 years of experience in collision repair and auto salvage. As owner-operators of auto salvage and automotive repair businesses, and managers of an extensive commercial real estate portfolio, they provide unparalleled industry insight and guidance to their clients. Zoran Advisors, led by Zoran Pipercic, has facilitated over 300 successful transactions with industry leaders such as Caliber Collision, Abra Auto Body, and Gerber Collision. Together, the firms have completed over 500 acquisitions across auto body shops, auto glass, mechanical shops, dealer groups, auto salvage yards, transportation companies, and tire/service centers. They have formed a strategic partnership to combine their resources, knowledge, and expertise, significantly enhancing their ability to serve sellers and entrepreneurs. Their deep industry expertise and strategic insight enabled them to identify Driving Force Collision as a qualified partner for Precision Auto Works of LIC, committed to quality, ongoing training, and acquiring like-minded businesses that prioritize best practices.
"We are thrilled to partner with Driving Force Collision to continue delivering exceptional service to our customers," said George Anastasopoulos, founder of Precision Auto Works of LIC. "Hammer Group Holdings and Zoran Advisors understood our vision and connected us with a partner that shares our dedication to quality and innovation. This partnership positions us for continued success in the Northeast, maintaining the culture in our business and providing excellent service to our existing and new clients in the region."
"This acquisition highlights Precision Auto Works of LIC's exceptional reputation and strategic value," said Peter Alexopoulos from Hammer Group Holdings. "Our partnership with Zoran Advisors allowed us to leverage our combined expertise to connect Precision Auto Works of LIC with Driving Force Collision, a partner dedicated to upholding and expanding their legacy of excellence."
"Precision Auto Works of LIC's quality-driven approach and strategic locations make it an ideal platform for Driving Force's growth in the Northeast," added Zoran Pipercic from Zoran Advisors. "With a robust pipeline of opportunities, Hammer Group and Zoran Advisors are excited to support Driving Force's expansion."
Driving Force Collision, supported by TRP Capital Partners, is now well-positioned to redefine the collision repair landscape in the Northeast, building on Precision Auto Works of LIC's legacy of quality, innovation, and customer satisfaction.
If you are a collision shop owner looking to scale your business or contemplating exiting the business, our experience and resources are at your service.
For more information, contact Hammer Group Holdings at
Peter.A@hammergroupholdings.com or
Zoran Advisors at zp@zoranadvisors.com.