Fitch Ratings reports improvements in Property/Casualty insurers’ mid-year 2024 results in North America. The mid-year 2024 GAAP financial results for 41 North American property/casualty (p/c) (re)insurers reveals very strong operating returns across sectors, driven by improved underwriting results and higher investment income, Fitch Ratings says in a new report. Double-digit operating return on common equity […]
Classic Collision Acquires 3-Location Collision Repair MSO in Minnesota
Classic Collision, LLC announced the acquisitions of Apple Valley Collision, Bighley Auto Body and Fridley Auto Body in Minnesota. All three locations have been family-owned and operated for over 60 years. In 1957, the first location was purchased in downtown North St. Paul with the vision of expanding into a multi- center operation. With the […]
ProColor Collision Adds Repair Facility to Network in California
ProColor Collision Adams is the latest collision repair center to join ProColor Collision’s growing family in the U.S. This is the first of three locations to be opened by owners Christian Isaac and Dean Factor, and business partner Edgar Isaac. ProColor Collision Adams, formerly Lee’s Collision Center, is located at 5636 W. Adams Blvd. in […]
Driven Brands Sells Canadian Glass Distribution Business
Driven Brands Holdings Inc. (NASDAQ: DRVN) today announced the sale of its Canadian auto glass distribution business, primarily operated under the PH Vitres d’Auto brand (PH), to PGW Auto Glass, a North American glass distributor, effective August 31. Terms of the transaction are not being disclosed. Based in Sainte-Perpetue, Quebec, PH Vitres employs more than […]
New York Collision Repair Shop Owner Sentenced to Prison for Conspiracy to Commit Tax Fraud
Defendant did not pay nearly $1 million in taxes. A New York man was sentenced August 26 to 20 months in prison for conspiring to defraud the United States by concealing income from the IRS. According to court documents and statements made in court, Aniello Strocchia, of Maspeth, owned and operated an auto repair shop. […]
NOVUS Glass Adds New Location in Moose Jaw, Saskatchewan
The Fix Network announced the opening of a new NOVUS Glass shop in Moose Jaw, Saskatchewan, Canada under the leadership of owner Murray Klassen. Klassen brings a wealth of experience and a strong set of values to his role as shop owner. Reflecting on the source of these values, he expressed his privilege of having […]
Three New Members Elected to CAPA Technical Committee
The Certified Automotive Parts Association (CAPA), the independent non-profit standard-setting and certification organization for automotive crash parts, announced the election of three members to its Technical Committee. CAPA’s Technical Committee develops, maintains, reviews, and refines the CAPA Quality Standards, as well as CAPA’s American National Standards. Joining the Committee are: Alan Bush, ALDB and Associates […]
SCRS Announces OEM Summit Session Featuring Rivian at SEMA
The Society of Collision Repair Specialists (SCRS) announced it will welcome Rivian Research, Engineering, Service and Collision teams to the OEM Collision Repair Technology Summit stage to present on the process an automaker undertakes to research, develop, validate and publish new repair procedures. OEM Summit Session I: Value of OEM repair information will be the […]
Quality Collision Group Acquires Collision Repair Center in Texas
The MSO now operates 67 repair facilities in 10 states. Quality Collision Group announced the acquisition of a new repair facility in Plano, Texas. With the acquisition of Hance’s Uptown Collision Center, serving Plano, Richardson, Allen, McKinney, Frisco, and surrounding areas since 1955, Quality Collision Group now operates 67 repair centers in 10 states. Hance’s […]
Ed Morse Automotive Group Acquires Seven Dealerships from Lawley Automotive Group in Arizona
The Ed Morse Automotive Group announced today it has acquired seven dealerships from Lawley Automotive Group in Sierra Vista, Arizona. The Dave Cantin Group brokered the transaction. The new dealerships will be: Ed Morse Ford formerly Lawley’s Team Ford at 100 N. Highway 90, Sierra Vista Ed Morse Kia formerly Lawley Kia at 100 N […]
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