Private equity firm and activist investor agree to buy the claims and repair software provider after a months-long sale process. CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC) has agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management L.P. in an all-cash transaction with an enterprise […]
Penske Corp. and Mitsui to Take Penske Automotive Group Private in $16.3 Billion Deal
Penske Automotive Group Inc. (NYSE: PAG) has agreed to be taken private by its two largest shareholders, Penske Corp. and Mitsui & Co. Ltd., which will pay $212 per share in cash for the stock they do not already own. The deal, announced Oct. 15, values the Bloomfield Hills, Michigan-based dealership group at an enterprise […]
AkzoNobel and Axalta Choose Axanzo as Name for Combined Company
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) and Axalta Coating Systems Ltd. (NYSE: AXTA) will operate under the name Axanzo once their planned merger closes, the companies announced Oct. 15. The combined company expects to trade under the ticker symbol AXZ on the New York Stock Exchange and Euronext Amsterdam after closing. The companies said closing […]
Personal Auto Premium Volume Forecast to Decline in 2026
Personal auto insurance net written premiums are forecast to decline 0.6% in 2026, the line’s second-lowest annual growth rate in more than 15 years behind only 2020, according to the latest members-only Insurance Economics and Underwriting Projections: A Forward View webinar from the Insurance Information Institute (Triple-I) and Milliman. The 2026 forecast is 4.6 percentage […]
Progressive Reports Personal Auto Policies in Force Up 7.4% in September Compared to 2025
While up year-over-year, the personal auto policy count declined compared to the previous month for the first time since late 2023. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 28,195,000 in September 2026, an increase of 1,946,000, or 7.4%, from 26,249,000 in September 2025. September extended the moderation […]
Crash Champions Opens Repair Center in Spring Hill, Florida
Crash Champions has opened a collision repair facility at 1118 Suzanne Dr. in Spring Hill, Fla., its first location in the community. The I-CAR Gold Class shop began operating Sept. 21. The facility covers more than 32,000 square feet, including more than 29,000 square feet of production space, and offers collision repair and calibration services. […]
Fix Auto USA Franchisee Efrain Perez Opens Third Location in South Salt Lake, Utah
Fix Auto USA franchisee Efrain Perez has opened Fix Auto South Salt Lake, his third location in the network, at 3218 S. West Temple St. in South Salt Lake, Utah. Fix Auto USA, part of Driven Brands Collision Group, announced the opening Oct. 13. Perez entered the network in 2023, when Fix Auto USA added […]
Surventis to Supply Glasurit Coatings for Lola T70S Limited-Production Run
Surventis will supply Glasurit waterborne coatings for the T70S, a limited run of 16 cars reimagining Lola Cars’ 1960s T70 race car, under a partnership the companies announced Oct. 7 naming Glasurit the program’s official paints and coatings partner. The program uses a Glasurit system built around the 100 Line waterborne basecoat, the refinish line […]
November 2 MSO Symposium Panels Feature Consolidator CEOs and Allstate, CCC and RB Global Executives
AI and consolidator CEO sessions join the November 2 Las Vegas program held ahead of SEMA and AAPEX. The chief executives of Boyd Group Services, Caliber Collision, Classic Collision and Crash Champions will share the stage at the 15th annual MSO Symposium on Nov. 2 in Las Vegas, in a program that also pairs senior […]
Consumer Sentiment Slips 3.7% to Five-Month Low in Preliminary October Reading
Third straight monthly decline leaves the index nearly 14% below a year ago as high prices and borrowing costs drag down buying conditions for durable goods. Consumer sentiment fell 3.7% in October in the preliminary reading from the University of Michigan Surveys of Consumers, with the Index of Consumer Sentiment at 46.3, down from 48.1 […]
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