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Summit Partners Acquires CollisionRight from CenterOak Partners

January 30, 2024 By CollisionWeek Editor

Collision repair facility operator has 89 collision repair centers in nine states. CenterOak Partners LLC, the Dallas, Texas-based private equity firm, today announced the sale of CollisionRight, Inc. to Summit Partners. Terms of the transaction were not disclosed. The majority investment from Summit Partners, a growth equity investment firm, will provide new capital to help […]

Filed Under: News Tagged With: Acquisitions, CenterOak Partners, CollisionRight, Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Private Equity, Summit Partners, Tennessee, West Virginia

ASA-Endorsed Federal Tax Bill Passes Committee, Full House Vote Could Happen this Week

January 30, 2024 By CollisionWeek Editor

A bipartisan federal tax bill, endorsed by the Automotive Service Association (ASA) and business groups such as the U.S. Chamber of Commerce, passed the U.S. House Ways & Means Committee with 40 votes in favor and 3 votes against. Congressional sources say the full U.S. House of Representatives may vote on the legislation this week. […]

Filed Under: News Tagged With: Automotive Service Association, legislation, Tax, Tax Credits, U.S. Chamber of Commerce, U.S. House of Representatives

Registration Open for Northeast Trade Show Educational Program

January 30, 2024 By CollisionWeek Editor

The NORTHEAST 2024 Automotive Services Show and the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that registration for this year’s slate of automotive and collision repair education is now open for the March 15-17 event at the Meadowlands Exposition Center (MEC) in Secaucus, N.J. Sponsored once again by AirPro Diagnostics, this year’s […]

Filed Under: News Tagged With: AASP/NJ, New Jersey, Northeast Trade Show

Early Bird Pricing Ends Friday for ABPA Business Conference

January 30, 2024 By CollisionWeek Editor

Early bird pricing for the 44th Annual Automotive Body Parts Association (ABPA) Annual Meeting Business Conference will expire this Friday, February 2. The ABPA Business Conference will be held April 22-24 at the Scott Resort in Scottsdale, Ariz. The event is the place to be to meet and network with the major players in the […]

Filed Under: News Tagged With: Annual Meeting, Arizona, Automotive Body Parts Association

Driven Brands Collision Repair Group Celebrates $5 Million Milestone in Cystic Fibrosis Fundraising

January 30, 2024 By CollisionWeek Editor

The Driven Brands collision repair group, consisting of Abra, CARSTAR US, CARSTAR Canada, and Fix Auto USA, announced its North American milestone of raising over $5 million for cystic fibrosis research, care, and advocacy. CARSTAR began fundraising for cystic fibrosis (CF) in Canada over 25 years ago, when a franchise partner’s granddaughter was diagnosed with […]

Filed Under: News Tagged With: Driven Brands

January Auto Sales Projected Up Over Last Year

January 29, 2024 By CollisionWeek Editor

While up over last year, S&P Global Mobility projects auto sales are expected to decelerate from the quickening realized in December. BEVs sales share projected at 8%. With volume for the month projected at 1.09 million units, January 2024 U.S. auto sales are estimated to translate to a seasonally adjusted annual rate (SAAR) sales pace […]

Filed Under: News Tagged With: Electric Vehicles, New Vehicle Sales, S&P Global Mobility

Classic Collision Acquires Three New Repair Centers in Florida Panhandle

January 29, 2024 By CollisionWeek Editor

Classic Collision, LLC announced the acquisition of three new collision repair centers including Affordable Body Shop and Hollis Body Shop in Marianna and Panama City Beach, Fla. “We take pride in our honesty and craftmanship by having experienced body technicians and painters who ensure the work is skillfully done and have seen the same culture […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Florida

Car ADAS Solutions Adds Location in Minnesota

January 29, 2024 By CollisionWeek Editor

Car ADAS Solutions announced the addition of a new licensee location owned by C.J. Peeters, Minnesota ADAS Solutions in Waite Park, Minn. Peeters opened his first location, Fargo ADAS Solutions, in Fargo, N.D., in September 2022. His second facility began operating in October 2023. “I decided to join as a licensee to become an expert […]

Filed Under: News Tagged With: Car ADAS Solutions, Minnesota, Network Affiliations

NABC Announces Winners of Palm Springs Golf Fundraiser

January 29, 2024 By CollisionWeek Editor

The National Auto Body Council (NABC) announced the winners of its sold-out NABC Palm Springs Changing and Saving Lives Golf Fundraiser Presented by Hertz, that was held Tuesday, January 16, at the Westin Rancho Mirage Golf Resort in Palm Springs, Calif. More than 150 players, sponsors and industry members gathered for the tournament to kick […]

Filed Under: News Tagged With: Golf Outing, National Auto Body Council

BASF Launches One-Coat Clear

January 29, 2024 By CollisionWeek Editor

BASF announced that RM, its premium refinish paint brand, is introducing the refinish industry’s first one-coat clear – RMC1000. Answering customer demand for speed and efficiency, RMC1000 reduces cycle time, provides superior sag resistance, and offers excellent appearance. In response to market demand for increasing productivity, RMC1000 can be applied with one wet coat and […]

Filed Under: News Tagged With: BASF

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