Caliber Collision Gets $20 Million to Expand

Caliber Collision Centers, an Irvine operator of collision repair centers in California and Texas, said Wednesday that it has sold $20 million in debt securities to two investment companies.

Caliber said in a press release that the investment by 1818 Mezzanine Fund LP and BNY Capital Partners LP will support Caliber’s acquisition and expansion efforts in the highly fragmented collision repair industry. BNY had invested $12.5 million in Caliber in June, 1999.