Solera Global Corp. announced yesterday that it has confidentially submitted a draft Form S-1 registration statement for review by the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its Class A common stock. According to the company, the number of shares of Class A common stock to be offered and […]
Lawson Products Acquires S&S Automotive
The Distribution Solutions Group, Inc. (NASDAQ:DSGR) announced that its operating company, Lawson Products, Inc., completed the acquisition of S&S Automotive, Inc. the automotive and industrial parts supplier based near Chicago in Woodridge, Ill. The acquisition will complement Lawson Products’ automotive-focused division, Kent Automotive that distributes automotive and industrial class C-parts to auto dealerships and collision […]
Driven Brands Reports Revenue of $572 Million in First Quarter
Driven Brands Holdings Inc. (NASDAQ: DRVN) reported revenue of $572 million for the first quarter of 2024 ended March 30, up 2% versus the prior year quarter. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. System wide sales in […]
Fix Network World Apprenticeship Program Approved by Washington State
Program celebrates graduation of first apprentice. The Fix Network Apprenticeship Program (FNAP) has been officially approved by the Washington State Apprenticeship and Training Council, and celebrated the graduation of its first apprentice, Gabrial Duran. The FNAP functioned provisionally in Washington State and Oregon since October 2022 and received full approval in January 2024. Fix Network […]
SEMA Show Registration Now Open
Registration for the November 5-8 SEMA Show at the Las Vegas Convention Center is now open online. Attendees can maximize their ROI by registering early and taking advantage of housing and travel discounts. Registration is only $40 for qualified attendees who register by June 28. Enthusiasm for this year’s SEMA Show continues to build as […]
Axalta Reports Sales of $1.3 Billion in First Quarter
Refinish sales up 4%. Axalta Coating Systems Ltd. (NYSE:AXTA) reported net sales increased 0.8% year-over-year to $1.3 billion for the first quarter ended March 31. Performance Coatings first quarter 2024 net sales were $848 million, flat relative to the prior year period. Refinish net sales were $519 million, up 4% year-over-year driven by positive price-mix […]
CCC Reports Revenue of $227.2 Million in First Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) reported total revenue was $227.2 million for the first quarter of 2024 ended March 31, an increase of 11% from $204.9 million for the first quarter of 2023. “CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and 41% adjusted EBITDA margin –both above our […]
Genuine Parts Company Acquires Largest NAPA Independent Store Owner in the U.S.
Genuine Parts Company (NYSE: GPC), the global distributor of automotive and industrial replacement parts, announced it acquired Motor Parts & Equipment Corporation (MPEC) effective April 30. MPEC, founded in 1938, is based in Rockford, Illinois and is the largest independent owner of NAPA Auto Parts stores in the U.S., operating 181 locations across Illinois, Indiana, […]
U.S. Length of Rental Declined in First Quarter
Overall length of rental (LOR) for collision-related rentals in the first quarter was 17.6 days, a 1.1-day decline from last year. Traditionally, LOR decreases in the first quarter of each year, a trend that continued. LOR has declined from the post-COVID highs, with the first quarter of 2023 at 18.7 days and 18.2 days in […]
MEMA Aftermarket Suppliers Launches Right to Repair Campaign
MEMA Aftermarket Suppliers is launching a new right to repair campaign in support of the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, which would expand access to vehicle repair and maintenance information safely and securely and enable aftermarket suppliers and independent repairers to provide safe, high-quality vehicle service options to consumers. “Across […]
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