Athens, Greece -- May 31, 2015 -- Within 10 years, roughly two-thirds of the revenues from the $30 billion US collision repair industry will be captured by just four consolidators, according to Rex Green of BB&T Capital Markets during his presentation at IBIS on May 28, 2015. The worldwide gathering of key influencers and industry stakeholders took place in Athens, Greece at the Hilton Athens. Collision Repair magazine is the exclusive Canadian Media Partner for IBIS.
Green’s presentation focused on consolidation in the US, and the potential impacts for the rest of the world. In addition to predicting that two-thirds of the revenue will be controlled by those four consolidators, Green also foresees a time when they will eventually do virtually all of the carrier-paid repairs.
This year's IBIS had a very strong Canadian contingent, with senior personnel from Assured Automotive (Des D'Silva), CARSTAR (Sam Mercanti, Michael Macaluso), CSN (Lorenzo D'Alessandro, Flavio Battilana), FIX World (Steve Leal, Carl Brabander), Progi (Patrick Turcotte), Akzo Nobel (Dave Smith) and Collision Repair Magazine (Darryl Simmons).