Caliber Collision: What the Public Record Shows

Short answer: Caliber is the largest collision repairer in the United States and publishes almost nothing. What is on the record: a January 2024 refinancing that earmarked up to 1.213 billion dollars for distribution to its owners, a 2004 California consent judgment entered with no admission of liability or wrongdoing, and a federal hazardous-waste file carrying one formal enforcement action and 2,200 dollars of penalties in five years.

By Anthony Braswell for Quorum Industries LLC, The Autobody Directory · Updated 2026-09-01 · How this was written, and what the machine may not do

How this page was produced: Researched, drafted and checked with AI assistance under human direction, and signed off by the named author. How this site is written

What this page is

What a member of the public can read about Caliber Collision from primary documents, and where the record stops. Every figure and quotation below was re-fetched on 1 September 2026 and matched against the retrieved full text of the source; where a document would not produce a stable number, none is published. Tiers: [CONSENT] settlement or agreed order, [ALLEGED] pleaded but not proven, [REPORTED] journalism or the company's own words.

We are not saying Caliber has done anything unlawful. Nothing here asserts it, and the heaviest adverse item in the record is a settlement that says in terms that it is not evidence of wrongdoing.

The company, in its own words and its counsel's

[REPORTED] Caliber's boilerplate of 15 April 2026, verbatim: "Founded in 1997, the Caliber portfolio of brands has grown to more than 1,850 centers nationwide across 41 states ... including Caliber Collision, the nation's largest auto collision repair provider, and Caliber Auto Glass for glass repair and replacement." The same release gives "more than 30,000 teammates". That 1,850 covers both brands, so anyone reporting 1,850 collision shops is reporting something Caliber's own words do not say.

[REPORTED] Caliber's own counsel, Simpson Thacher and Bartlett LLP, describing it to bond investors on 31 January 2024: "Caliber Collision is the largest provider of automobile collision repair services in the United States and specializes in providing industry leading customer service for consumers and integrated physical damage claim solutions to the insurance community." The same paragraph records that Caliber "backs all repair work with a written, lifetime warranty available at any of its repair centers." Note the words Caliber's own side chose for lenders: a claims-processing description beside the repair one.

[REPORTED] Cahill Gordon and Reindel LLP, on the other side of that deal, calls Caliber "the nation's largest collision repair services operator". Two firms opposed in one transaction, plus the company itself, agree on that.

The name problem, which is itself a finding

[REPORTED] There is no single name under which this company's record can be searched. It fragments across at least five:

Wand NewCo 3, Inc. borrower on the 2024 debt Caliber Holdings Inc. SEC registrant, CIK 0001764691 Wand TopCo Inc. same registrant until 27 May 2025 Caliber Holdings LLC one of at least eight strings on OSHA records Caliber Bodyworks, Inc. defendant in 2004

Moody's rates the credit under Wand NewCo 3, Inc. OSHA's establishment index holds the safety record under at least eight different Caliber strings, several of them prefixed with an internal store number, so no single query there returns the company either. Anyone searching the brand finds the marketing and misses the capital structure, filed under a name unrelated to the sign on the building. We are not claiming the fragmentation is deliberate, and holding-company naming of this kind is ordinary in private equity. We are saying anyone checking this company from outside will under-find it.

The January 2024 dividend recapitalisation

[REPORTED] Simpson Thacher announced on 31 January 2024 that it had represented Wand NewCo 3, Inc. (Caliber Collision) in a Rule 144A and Regulation S offering of 1.25 billion dollars of 7.625 per cent Senior Secured Notes due 2032, and in a restatement providing a new first lien term loan facility of 2,725.0 million dollars and a first lien revolver of 625.0 million dollars. The stated use of proceeds had three limbs: refinancing the existing first and second lien debt; fees and expenses; and, verbatim, funding "distributions to its parent entity in an aggregate amount of up to $1,213.0 million, which parent entity will in turn use to make distributions to its equityholders".

[REPORTED] Cahill, for the debt financing sources, published its own account the previous day, headlined "Cahill Represents Debt Financing Sources in $4.6 Billion of Debt Financings, Consisting of $3.35 Billion Credit Facilities and $1.25 Billion Notes Offering for Caliber Collision" and dated January 30, 2024. It gives the same instrument sizes to the dollar and states, in the past tense: "Proceeds from the offering as well as borrowings under the new credit facilities were used to pay a dividend, refinance Caliber Collision's existing credit facilities and for general corporate purposes."

What a dividend recapitalisation is, without adjective: a company borrows and sends some of the money to its owners rather than into the business, and the obligation to repay stays with the borrower. This is lawful and it is ordinary. It is a standard private equity technique, disclosed to the lenders who fund it, and we do not claim Caliber did anything improper by doing one. The structural fact is what the documents say: money went out to owners, the obligation stayed with the company that repairs cars.

One precision. Simpson Thacher says "up to $1,213.0 million", an intention and a ceiling; Cahill says proceeds "were used to pay a dividend", stating that a dividend was paid but not its amount. No public document read here gives the amount actually distributed. That figure is not in anything we opened.

[REPORTED] Ownership, from Hellman and Friedman's announcement of 5 December 2018: H&F would become majority shareholder of the combined Caliber and ABRA business, with OMERS, then Caliber's majority owner, and Leonard Green and Partners remaining "significant minority shareholders". Current percentages are not public.

What the rating agency said, in full

[REPORTED] Moody's Investors Service, announcing completion of a periodic review on 28 January 2022, gave its key rating considerations as follows. Quoted whole, because the second half is the half that cuts in Caliber's favour and is routinely truncated away:

"Wand NewCo 3, Inc.'s (dba "Caliber") B3 corporate family rating reflects its weak credit metrics, with high debt/EBITDA , and interest coverage of below 1 time for the LTM period ended September 30, 2021, balanced by its leading market position - with virtually full national coverage - in the highly fragmented collision repair sub-sector, and its strong relationships with national and major insurance carriers, which represent the vast majority of its revenues. Credit metrics have the potential to improve over the next twelve to eighteen months if volumes increase."

Three notes, so the quotation can be checked. The spacing around the comma after "debt/EBITDA" is in the source. The two dashes appear in the retrieved text as a double hyphen and a single hyphen and are rendered here as single hyphens, no word changed. And the document says what it is: "This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future."

Two things follow, and only two. The adverse half: interest coverage below 1.0 times for the twelve months ended 30 September 2021 means earnings on that measure did not cover the interest bill. The favourable half, in the same sentence: Moody's balanced that against a leading market position and strong carrier relationships, and the net judgment was B3, unchanged.

That measurement period ended twenty-eight months before the January 2024 refinancing described above, and no interest-coverage or leverage figure for any later period is public. The two are not a description of the same company at the same moment and are not offered as one.

[REPORTED] The carrier clause carries a temptation worth naming. Insurance carriers represent the vast majority of revenue at essentially every collision repairer in the country, because insurance pays for most collision work whoever owns the shop. We are not claiming that sentence measures Caliber's direct repair dependency: it gives no percentage and names no carrier.

What the market says, and it cuts the other way

Caliber publishes no financial statements. But registered investment companies holding its loans must file Form N-PORT, which states per holding the par balance and the fund's own fair value: a public, SEC-filed, third-party mark on the debt of a company that discloses nothing.

[REPORTED] Two funds, eight months apart, on filings read 1 September 2026. Every figure is copied from the filing; the percentages are our arithmetic from those figures. Both funds report every Wand NewCo 3 position they hold, and all of them are set out here.

• FundVantage Trust, Polen Floating Rate Income ETF, report date 31 October 2025.

Two line items on the same loan, WAND NEWCO 3 INC, CUSIP 93369PAM6, floating 6.4646 per cent, maturing 30 January 2031: par 35,000.00 marked at 34,962.38 US dollars, and par 43,512.12 marked at 43,465.34. Each is 0.11 per cent below par.

• Aristotle Fund Series Trust, Aristotle Floating Rate Income Fund, report date

30 June 2026. The same loan, CUSIP 93369PAM6, floating 6.143920 per cent, maturing 30 January 2031: par 32,387,697.06 marked at 32,387,697.06, exactly par.

• The same Aristotle filing also holds the fixed-rate notes issued in the January

2024 offering described above, WAND NEWCO 3 INC, CUSIP 933940AA6, 7.625 per cent, maturing 30 January 2032: par 5,500,000.00 marked at 5,691,680.50, which is 3.5 per cent ABOVE par.

A market expecting a company to fail does not price its senior loans at par and its senior notes above it. That is the plainest thing in Caliber's favour on the capital structure, and it is the more striking because these are third-party marks filed with the SEC by funds with no reason to flatter the borrower.

What it does not establish: four marks in two filings are not a price series, and fund valuations are not transaction prices. Debt trading at or above par tells you what lenders expect to be repaid, and nothing about the equity, the operations or the technicians.

The IPO that has not happened

[REPORTED] Caliber Holdings Inc. is a Delaware corporation with SEC Central Index Key 0001764691, and EDGAR records a former name, Wand TopCo Inc., carried from 31 January 2019 to 27 May 2025. Re-run on 1 September 2026, the complete filing history at that CIK is nine Form D notices and nothing else, dated 2019-01-31, 2019-05-02, 2020-06-02, 2021-06-07, 2022-07-05, 2023-07-17, 2024-02-22, 2025-05-27 and 2026-06-25, all under Securities Act Rule 506(b). There is no S-1, no 10-K, no 8-K and no proxy.

That absence is instrument-controlled, which is the only reason it is stated as a finding: the same query returns nine filings, each carrying its form type, its accession number and its date, so the retrieval works, and a zero for registration statements is an absence in the record, not a broken tool. Caliber Holdings Inc. announced on 28 July 2025 that it had, in the words of the trade report of that day, "confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock". A confidential draft submission is not public and would not appear here. We are not claiming the offering has been abandoned, because nothing found announces a listing or a withdrawal. What is established is narrower: more than a year on, the SEC file holds only private-placement notices.

[REPORTED] The most recent of those notices, filed 25 June 2026, names thirteen people as executive officers or directors of Caliber Holdings Inc. That list is not reproduced here, because none of them is the subject of anything on this page. It is used once, below, for a single checkable purpose: to date the 2004 matter.

The 2004 California consent judgment

[CONSENT] People of the State of California v. Caliber Bodyworks, Inc. et al., Superior Court of California, County of Orange, case 04CC04374, Final Judgment and Permanent Injunction signed 19 August 2004 by Judge Michael Brenner. It records at its head that "The parties have consented to the entry of this Judgment for the purposes of settlement only, without this Judgment constituting evidence against or any admission by any party, and without trial of any issue of fact or law, and without this Judgment constituting any admission of liability or wrongdoing by Defendants or any other party."

No court found any fact against Caliber in that case, there was no trial of any issue of fact or law, and the repairs at issue were carried out between 1 August 2002 and 31 July 2004, when Caliber Bodyworks, Inc. was a California corporation whose 38 California shops were the subject of a separate Bureau of Automotive Repair settlement. OMERS did not buy the company until 20 November 2013, and bought it then from ONCAP; Hellman and Friedman arrived with the ABRA merger announced in December 2018; and not one of the five individuals named as defendants alongside Caliber in 2004, Matthew Ohrnstein, Bill Lawrence, David C. Riggan, Debra L. Morris and Tom Coleman, appears among the thirteen executive officers and directors listed on Caliber's Form D of 25 June 2026. That paragraph belongs beside every description of this judgment, including this one.

[CONSENT] What the judgment orders nonetheless, regardless of the absence of any admission:

• A permanent injunction under Business and Professions Code sections 17203 and

17535. Paragraph 4 applies it, in terms, "to the California activities of Caliber" and of its directors, officers, employees, representatives, agents, subsidiaries, successors-in-interest and assigns. Paragraph 5 enjoins the practices at subparagraphs A to P, the first being "Invoicing and accepting payment from consumers and/or their insurance companies for goods and/or services that are not provided or performed."

• 3,300,000 dollars in civil penalties and 2,000,000 dollars for "attorneys' fees

and costs, costs of investigation, and cost of implementing and monitoring the Judgment", across 60 months.

• A notice and free-inspection programme for every consumer whose vehicle Caliber

repaired between 1 August 2002 and 31 July 2004 where "the total amount on the final invoice exceeded one thousand dollars ($1,000)", with free re-repair where the work did not conform.

• A "Senior Secured Term Promissory Note in the face amount of four million, three

hundred thousand dollars ($4,300,000)", which the judgment says secures "payment of future amounts due pursuant to Paragraph 12", the penalties and costs, not the consumer redress.

• "The payments required pursuant to this Judgment are not dischargeable in

bankruptcy", and "Caliber will, annually, provide Plaintiff with a copy of its audited financial statements."

[CONSENT] Separately from that judgment, the California Bureau of Automotive Repair reached its own 500,000 dollar settlement of disciplinary proceedings it launched in 2003. Under that settlement, and not under the court judgment, all 38 Caliber shops in California went on three years' probation and 19 of them were suspended for one to five days. The Attorney General's release of 19 August 2004 describes the two together as 5.8 million dollars and puts the second category of consumers entitled to redress at "about 56,000 consumers who had their cars repaired at Caliber shops between August 1, 2002 and July 31, 2004, and paid more than $1,000 for the repairs." That 56,000 is the Attorney General's figure; the judgment states no number of customers.

The Attorney General's characterisation is his, not a court's: "Caliber violated the trust of thousands of consumers who came to its shops to get their cars and trucks fixed," said Lockyer. Set that beside the judgment's no-admission clause and you have what the court file makes knowable: an allegation, an agreed resolution, real imposed obligations, and no finding of fact by the court. The Bureau's own settlement document was not obtained here, so nothing is said about what it records on admissions. The injunctive provisions have no stated sunset and, on their own terms, bind the California activities of Caliber and its successors-in-interest; whether they still bind today's Caliber entities was not determined here.

The federal environmental record

[REPORTED] Collision repair generates hazardous waste, so collision shops are federally regulated hazardous-waste handlers and EPA publishes their compliance and enforcement history. The figures below were counted on 1 September 2026 out of EPA's own bulk RCRA extract, the file rcra_downloads.zip published at echo.epa.gov, taking every facility in it whose recorded name begins CALIBER COLLISION. The file is EPA's; the counting is ours, and so are the windows, computed from the dates EPA records.

formal enforcement actions, five years to 1 Sep 2026 1 monetary penalties, same window $2,200 facilities inspected, same window 63 inspection events, same window 72 facilities ever flagged as significant violators 10 final monetary penalties, every year in the file $35,980

The one formal action in the five-year window is a Final 3008(a) Compliance Order dated 23 March 2022 against Caliber Collision Center - Fort Wayne - West 2693, EPA identification number IND984875526, carrying a proposed and a final monetary penalty of 2,200 dollars each. That single order is the whole of the 2,200 dollars.

The ten facilities ever flagged as significant violators were flagged in episodes running from February 1997 to March 2022, the most recent being that same Fort Wayne site, and the file shows none flagged now. Ten flagged sites across three decades, one compliance order in five years, and a five-figure penalty total across the whole history, is a light federal environmental record for the largest collision repair operator in the United States. If the general claim about private equity consolidation were that it degrades environmental compliance at scale, this is the public register where it would show, and it does not. It is stated as prominently as anything adverse here, because a page that buried it would not be worth reading.

No facility count is published, and here is exactly why. On 1 September 2026 the bulk file above yielded 1,509 records whose name begins CALIBER COLLISION and 1,540 containing it, while EPA's Envirofacts handler service, queried the same day for handler names containing CALIBER COLLISION, returned 2,512 rows. Those are not three counts of the same thing. The Envirofacts table holds one row per notification rather than one per site: the 2,512 rows carry 1,554 distinct handler identifiers, 927 distinct receive dates, and a current-record flag taking both values. Compared like for like, name containing against name containing, the two services return 1,540 and 1,554, which is a difference of fourteen and not of a thousand. What still stops a facility count is the thing no reconciliation fixes: the set is defined by a name string, so it is a floor. The enforcement counts above do not depend on the denominator, because they are counts of named actions at named sites.

Three limits. The match is on the facility name string as EPA recorded it, so sites registered under Caliber Auto Glass, Caliber Holdings or a legacy ABRA name are outside the set, which makes it a floor rather than a census. The set was not normalised against competitors, so "one formal action" has no peer group. And EPA's file records what regulators found and entered, which is not the same thing as what happened. We are not saying Caliber is cleaner than its rivals, only that its own federal sheet is close to empty.

The PartsTrader carve-out

[REPORTED, and all three companies declined to comment] Repairer Driven News reported that "State Farm is no longer demanding Caliber Collision use PartsTrader as a condition of participating in the Select Service network", citing a CRASH Network report of 15 March 2018 headlined "MSO DROPS PARTSTRADER, REMAINS ON SELECT SERVICE" that relied on unnamed sources at Caliber locations in five states. "Caliber said it had no comment on the report", State Farm's Tanya Robinson wrote that "State Farm has nothing to share with Repairer Driven News", and PartsTrader's Julie Hardesty wrote that "PartsTrader does not comment on the State Farm DRP program."

[REPORTED] In a follow-up of 23 March 2018, the same outlet reported that "A shop executive from one large national brand confirmed that their facility was still bound by the requirement" and that "A national support entity for collision repairers reported that some of its larger shops were still bound to the PartsTrader requirements as well." That follow-up quotes fragments of a most favoured nation pricing term from what it describes as "A 2015 Select Service contract filed as an exhibit in the Pulera et al v. State Farm litigation": "If no pricing agreement exists, Provider agrees to charge the lower of the: ... (3) Labor rates and paint and materials pricing offered to or agreed to with any other insurer", and, on discounts, "In that event, pricing offered to State Farm and its customers by Provider shall include the bottom line discount given to any other such insurer unless otherwise agreed to by State Farm."

These are fragments and are published as fragments. The ellipses are in the source and the clause was not read in full. Both limiters are reproduced, because a contract quotation without its conditions and carve-outs is not a quotation: the first fragment bites only "If no pricing agreement exists", and the second ends "unless otherwise agreed to by State Farm".

The counterweight comes from the outlet that did the reporting. Repairer Driven News wrote: "Experts have argued that individual shops can negotiate unique direct repair program contract terms ... and we certainly have no issue with that. In fact, we'd encourage it - it's just good business." The words its ellipsis replaces are "which Caliber apparently has done here". The earlier article, the one SCRS reprints, records a different carrier going the other way: The Hartford's spokesman Thomas Hambrick said "PartsTrader enhances the number of quality parts options for repairs and we have no intention to discontinue use of it within our direct repair network."

We do not claim any contract term was breached, or that Caliber received anything it was not entitled to negotiate.

What we could not establish, and the walls we hit

A wall is recorded and left alone, because what the public cannot see is itself a fact about the company.

• Caliber's own website serves no readable text. Re-tested on 1 September 2026

from two different machines on two different networks, its about, locations and OEM-certification pages returned HTTP 200 with 68,142, 72,744 and 96,493 bytes, identical on both runs, and stripping the markup left 42, 31 and 65 characters of visible text, which in each case was only the page title. No quotation from caliber.com appears anywhere on this page. Every first-party statement quoted above reached us through a wire service or a counterparty's release, and Caliber's OEM certification claims are unverified here.

• No revenue, EBITDA or current leverage figure exists publicly. Moody's "vast

majority of its revenues" is a proportion with no denominator. S&P Global Ratings' regulatory pages for its research updates are a wall: they returned HTTP 403 on a direct fetch and HTTP 200 with a whitespace body through a browser-rendering fetcher, so nothing S&P says about this company is quoted or characterised here. https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3107688 and https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3060696

• EPA's ECHO facility service is closed to automated retrieval. The host that

serves it, echodata.epa.gov, publishes a robots.txt reading "User-agent: " and "Disallow: ", which the reference robots parser reads as disallowing every agent, Googlebot included, from every path. That is why the environmental figures above come from EPA's bulk file at echo.epa.gov instead, which the same parser permits. A federal compliance register that cannot be queried by machine cannot be audited at scale by anyone outside the agency. https://echodata.epa.gov/robots.txt

• Caliber's technician pay structure is not public, nor the share of volume

arriving through direct repair programmes, nor any list of the carrier networks it joins, nor any Caliber direct repair agreement.

• Bloomberg and Bloomberg Law are paywalled, which is where the reported

outcome of one live matter sits. [ALLEGED] Fordyce v. Wand Newco 3, Inc., E.D. Tex. 4:25-cv-00997, an ERISA class action filed 10 September 2025. The docket read on 1 September 2026 runs to a filing of 20 February 2026 and records no termination, but it records nothing at all after that date either, so it does not establish the position today. It shows the defendant's motion to dismiss the amended complaint fully briefed on 26 January 2026, the case referred to mediation to be completed by 31 July 2026, and a final pretrial conference set for 7 January 2027. Allegations in a complaint are what a plaintiff says, not what a court has found, and no ruling on that motion appears.

• The audited financial statements the 2004 judgment required Caliber to give the California Attorney General annually are not public. If that obligation

persisted, a state agency holds accounts for a company that publishes none.

• The Bureau of Automotive Repair's own 2004 settlement document was not obtained, only the Attorney General's description of it.
• The confidential draft registration statement submitted in July 2025 is not public by design, and would contain exactly the customer-concentration and

risk-factor disclosure this page could not find.

The structural point underneath that list needs no allegation: the largest collision repair operator in the United States derives, on the account of the agency that rates its debt, the vast majority of its revenue from insurance carriers, and no document found on any route tried here shows the terms on which it does so.

What was REJECTED from this page

• Any facility count for EPA-regulated Caliber sites, for the reason given in

the environmental section: the set is defined by a name string, so it is a floor and not a census. It is not rejected for irreconcilability. On a like-for-like basis the two EPA services agree to within fourteen records.

• Every figure from EPA's ECHO facility service, because the host that serves

it disallows automated retrieval by every agent. The environmental section above is built from EPA's bulk file on a host that permits it.

• Any aggregate OSHA violation rate. The establishment-search parameter that

should filter for inspections with violations did not filter, and a count from an untrusted instrument is no finding.

• The reported 750,000 dollar settlement of the Fordyce case, behind a

subscription wall while the docket carries no termination and no entry after 20 February 2026.

• Every quotation from caliber.com, which served no text to any route tried.
• Any account of where Caliber Auto Care sits in the group. The boilerplate of

15 April 2026 names Caliber Collision and Caliber Auto Glass and not Caliber Auto Care. What that means was not established here and no divestiture is asserted.

• The 2013 state count, because two OMERS releases about the same investment

say five states and name six.

• Any current ownership percentage, because no split later than 2018 was

found.

• Anything S&P Global Ratings has published about Caliber, because its

regulatory pages served no readable text on any route tried.

Corrections

All corrections below were made on 2026-09-01 against earlier working drafts of this research.

• The 500,000 dollar Bureau payment, the probation of all 38 California shops and

the suspension of 19 of them were attributed to the Orange County judgment in 04CC04374. That is wrong on the face of the judgment, which orders no payment to the Bureau, no probation and no suspension; all three belong to the Bureau settlement. The judgment's own 500,000 dollar figures are the first instalments payable to the Attorney General under paragraph 12(A), which is a different payment to a different body.

• The 4,300,000 dollar promissory note was described as securing consumer redress.

Paragraph 14 says it secures "payment of future amounts due pursuant to Paragraph 12": penalties and costs.

• The discount fragment was quoted ending at "given to any other such insurer",

omitting "unless otherwise agreed to by State Farm". The carve-out is restored.

• The State Farm Select Service agreement was recorded as simply not public.

Repairer Driven News describes its source as a 2015 contract filed as an exhibit in Pulera et al v. State Farm: not obtained here, but on a court file.

• The CRASH Network report was dated to on or about 19 March 2018. Repairer Driven

News cites 15 March 2018.

• The 2004 injunction was described as covering fifteen enumerated practices.

Paragraph 5 of the judgment runs from subparagraph A to subparagraph P, which is sixteen.

• The injunction was described without its geographic limit. Paragraph 4 applies the

injunctive provisions "to the California activities of Caliber". That limit is restored.

• The 2004 matter was placed at "a 38-shop California company". The Attorney

General's release says 38 Caliber shops in California; no document read here gives the company's total shop count in 2004, and none is now asserted.

• The 2004 matter was said to predate "every executive now named on Caliber's SEC

filings". What the filings support is narrower and is now what is written: none of the five individual defendants appears on the Form D of 25 June 2026.

• The environmental figures were taken from EPA's ECHO facility service, whose host

disallows automated retrieval. They have been replaced with counts made from EPA's bulk RCRA file on a host that permits it, and the labels have changed with them: ECHO's "Rows" fields count facilities, not events, so what had been published as 62 inspections is 63 facilities inspected, and 72 inspection events.

• The environmental section reported "zero significant non-compliers". EPA's field

records who is a significant violator now. Ten Caliber Collision facilities have carried that flag at some point since 1997, the most recent to March 2022, and the page now says so.

• The environmental section reported 2,200 dollars as total penalties without a

window. It is the total for the five years to 1 September 2026. Final monetary penalties across every year in EPA's file are 35,980 dollars, and that figure is now published beside it.

• The Hartford's statement on PartsTrader was attributed to the Repairer Driven News

article of 23 March 2018. It is in the earlier article, the one SCRS reprints.

• The most favoured nation fragment was quoted from "Provider agrees to charge the

lower of the". The clause is conditional in the source and now begins where the source does, at "If no pricing agreement exists".

• The Moody's sentence "This publication does not announce a credit rating action"

ended where the source does not. The rest of the sentence is restored.

• The FundVantage filing was described as holding one Wand NewCo 3 position. It

reports two line items on the same loan, and the Aristotle filing holds the 7.625 per cent notes as well as the loan. All four marks are now published.

• Moody's and S&P were both said to rate the credit under Wand NewCo 3, Inc. Only

the Moody's document was readable, so only Moody's is named.

• Caliber Holdings LLC was called "the name on OSHA records". OSHA's index carries

at least eight distinct Caliber strings.

• 2026-09-01, cross-article audit. The environmental section said EPA's own

systems "do not agree" on how many Caliber Collision facilities there are, and called 1,509, 1,540 and 2,512 three figures a thousand apart. They are not comparable figures. Envirofacts' handler table holds one row per notification: the 2,512 rows resolve to 1,554 distinct handler identifiers across 927 distinct receive dates. Against the bulk file's 1,540 on the same name test, the two services differ by fourteen. The section and the rejection now say that, and the reason for withholding a facility count is the one that survives: a name-string match is a floor. A companion page in this series had already recorded that the 2,512 counts every notification record ever filed under that string, so the two pages had been reading the same number two ways.

Curly quotation marks, apostrophes and dashes in the sources are rendered here in ASCII. No word in any quotation has been changed, added or removed except where an ellipsis appears; ellipses inside the contract fragments are in the source, and those elsewhere replace a dash-bracketed aside whose words are given nearby.

Related

• Who owns the body shop you are standing in
• The shops are profitable, the balance sheets are not
• What Boyd's SEC filings say about consolidation, the disclosure Caliber does not make

Sources

• Simpson Thacher and Bartlett LLP, 31 January 2024. Read on 2026-09-01.

https://www.stblaw.com/about-us/news/view/2024/01/31/caliber-collision-completes-$1.25-billion-senior-secured-notes-offering-and-restatement-of-senior-secured-credit-facilities

• Cahill Gordon and Reindel LLP, 30 January 2024. Read on 2026-09-01.

https://www.cahill.com/news/firm-news/2024-01-30-cahill-represents-debt-financing-sources-in-46-billion-of-debt-financings-consisting-of-335-billion-credit-facilities-and-125-billion-notes-offering-for-caliber-collision

• Moody's Investors Service, announcement of periodic review of the ratings of

Wand NewCo 3, Inc., 28 January 2022, read through a Yahoo Finance reprint of the announcement because Moody's own research pages were not reachable. Read on 2026-09-01. https://finance.yahoo.com/news/wand-newco-3-inc-moodys-170608451.html

• SEC EDGAR submissions, CALIBER HOLDINGS INC., CIK 0001764691. Read on

2026-09-01. https://data.sec.gov/submissions/CIK0001764691.json

• Form N-PORT, FundVantage Trust (Polen Floating Rate Income ETF), 31 October

2025. Read on 2026-09-01. https://www.sec.gov/Archives/edgar/data/1388485/000094040025014419/primary_doc.xml

• Form N-PORT, Aristotle Fund Series Trust (Aristotle Floating Rate Income Fund),

30 June 2026. Read on 2026-09-01. https://www.sec.gov/Archives/edgar/data/1959372/000089418926023847/primary_doc.xml

• Final Judgment and Permanent Injunction, People v. Caliber Bodyworks, Orange

County Superior Court 04CC04374, 19 August 2004. Read on 2026-09-01. https://www.oag.ca.gov/system/files/attachments/press_releases/04-088_judgment.pdf

• California Attorney General settlement announcement, 19 August 2004. Read on

2026-09-01. https://oag.ca.gov/news/press-releases/attorney-general-lockyer-announces-58-million-settlement-caliber-car-repair

• EPA, ECHO bulk RCRA extract (RCRA_FACILITIES, RCRA_EVALUATIONS,

RCRA_ENFORCEMENTS, RCRA_VIOLATIONS and RCRA_VIOSNC_HISTORY). Downloaded and counted on 2026-09-01. https://echo.epa.gov/files/echodownloads/rcra_downloads.zip

• EPA, Envirofacts RCRAInfo handler service, row count for handler names containing

CALIBER COLLISION. Read on 2026-09-01. https://data.epa.gov/efservice/rcr_hd_handler/handler_name/CONTAINING/CALIBER%20COLLISION/count/JSON All 2,512 rows were then pulled from the same endpoint in three pages and the distinct handler identifiers counted. Read on 2026-09-01.

• OSHA establishment search, the index in which Caliber appears under at least eight

distinct names. Read on 2026-09-01. https://www.osha.gov/ords/imis/establishment.html

• OMERS Private Equity, acquisition of Caliber Collision Centers from ONCAP,

20 November 2013. Read on 2026-09-01. https://www.globenewswire.com/news-release/2013/11/20/1341258/0/en/OMERS-Private-Equity-Acquires-Caliber-Collision-Centers.html

• Autobody News, "Caliber Collision Files Confidentially for IPO", 28 July 2025.

Read on 2026-09-01. https://www.autobodynews.com/news/caliber-collision-files-confidentially-for-ipo

• Repairer Driven News on the CRASH Network report, March 2018, via SCRS. Read on

2026-09-01. https://scrs.com/crash-network-sources-say-caliber-doesnt-have-to-use-partstrader-for-state-farm-drp/

• Repairer Driven News, 23 March 2018. Read on 2026-09-01.

https://www.repairerdrivennews.com/2018/03/23/most-favored-nation-state-farm-so-far-hasnt-given-partstrader-pass-to-some-other-select-service-shops/

• Caliber press release, 15 April 2026, Business Wire. Read on 2026-09-01.

https://www.businesswire.com/news/home/20260415383654/en/Caliber-Announces-15th-Annual-Nationwide-Food-Drive-Campaign

• Hellman and Friedman, 5 December 2018. Read on 2026-09-01.

https://hf.com/caliber-collision-and-abra-auto-body-repair-of-america-to-merge-creating-a-leading-collision-repair-provider-in-37-states/

• Docket, Fordyce v. Wand Newco 3, Inc., E.D. Tex. 4:25-cv-00997. Read on

2026-09-01. https://dockets.justia.com/docket/texas/txedce/4:2025cv00997/240378

• Caliber's own site, serving no body text. Read on 2026-09-01.

https://www.caliber.com/about-us , https://www.caliber.com/locations , https://www.caliber.com/services/collision/oem-certification

On retrieval, since the sources decide what this page can say. Every URL above was read on 1 September 2026 and each robots.txt was checked before the fetch, not after. Two of the hosts, finance.yahoo.com and repairerdrivennews.com, permit general retrieval and name several AI crawlers as disallowed; that restriction is recorded here rather than left out. One host, echodata.epa.gov, disallows every agent, and nothing on this page is drawn from it.

Caliber Collision was not asked for comment before publication of this page, which reports only public documents. Corrections will be published above, dated.

General consumer information: not legal, insurance, or financial advice. Requirements, coverage, and practices vary by state, policy, and manufacturer.

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