CCC Information Services Inc. announced that the private equity firm Leonard Green & Partners has entered into a definitive agreement to acquire a controlling interest in the company from Investcorp. Committed debt financing has been provided by affiliates of Goldman Sachs, including its principal mezzanine funds, and J.P. Morgan. Terms of the transaction were not […]
Massachusetts Legislators Pass Right to Repair Bill
Compromise with automakers sends last minute bill to Governor’s desk. Massachusetts lawmakers have passed a last minute compromise bill to settle the Right to Repair dispute over OEM diagnostic information. The language of the bill was proposed in a joint letter on Tuesday to lawmakers from car manufacturer associations and the Right to Repair Coalition. […]
The Carlyle Group to Acquire Service King Collision Repair Centers
The investment firm The Carlyle Group, together with management and employees of Service King Collision Repair Centers, announced they will acquire majority ownership in the chain of auto body repair shops. Founder Eddie Lennox will retain a significant ownership stake in Service King. Chief Executive Officer Cathy Bonner will become Chairman representing Lennox on the […]
Ameriprise Launches Online Claims Handling for Non-DRP Shops
New ‘Shop of Choice’ program designed to ease repair process through out of network shops. Ameriprise Auto & Home Insurance launched a new program last week that it hopes will improve its collision repair claims service through non-direct repair facilities. The company, which primarily writes auto insurance on a direct to consumer model in 44 […]
Assured Performance and CARFAX Sign Reporting Deal
Assured Performance Network announced that they have entered into an agreement with CARFAX to report when a vehicle is repaired using 100 percent OEM Collision repair parts if it is already reported as damaged. The repair reporting also requires the shop and consumer’s permission. Buyers and sellers of used cars will now have information about […]
Last CIC Meeting of 2010 Hits Data Privacy, Repair Standards
New chairman comments on plan for results-oriented process for CIC. Although the results of the recent crash testing of non-OEM parts by Ford and the Insurance Institute for Highway Safety, previously reported on CollisionWeek, were among the topics at the most recent Collision Industry Conference (CIC), the quarterly gathering focused on a variety of other […]
DuPont Names Vanlancker VP of Performance Coatings for EMEA Region
DuPont named Thierry Vanlancker as Vice President of Performance Coatings for the company’s Europe-Middle East-Africa (EMEA) region, effective December 1. Vanlancker, 46, currently global business and market director for DuPont Fluorochemicals since 2006, has held a range of business leadership roles in sales, marketing and technical capacities since joining the company in 1988. His assignments […]
Sterling Autobody Completes System-Wide Waterborne Conversion
Sterling Autobody Centers announced it has completed its network-wide conversion to waterborne paint. The transition began in June and took less than three months to complete. All 62 Sterling locations are presently using the waterborne system. Sterling President Nick Notte said “I am pleased with the speed of the transition. I commend Sterling leadership for […]
NSF Certifies First Aftermarket Parts Through New Program
NSF International has completed the certification of the first group of parts through its new Automotive Aftermarket Parts Certification Program. NSF’s Parts Certification Program was launched in order to offer independent, third-party testing and certification of only those aftermarket structural parts that replicate the safety and damage criteria design of the original vehicle part. Diamond […]
Aftermarket Parts Certification Program Launched by NSF International
ANSI accredited certifier expects tested bumper parts to be available in 6-8 weeks. NSF International today announced the launch of a new Automotive Parts Certification Program to address concerns regarding consumer safety and compromised automobile crashworthiness from the use of untested aftermarket structural parts. NSF says the one-of-a-kind program verifies both the quality and performance […]