Focus Advisors, the M&A firm specializing in collision repair transactions, announced that its client, Mills Body Shops of Evansville, Indiana, and its 4 locations have been acquired by CollisionRight, the Columbus, Ohio-based multiple shop operator. Started in 1955 by the Mills family, Don Decker Sr. and Jack Vickery purchased the business in 1977 and grew […]
Safelite Group Acquires Genuine Auto Glass
The Safelite Group announced the acquisition of Genuine Auto Glass in Seattle, Wash. The transaction was completed on Friday, October 7. “We’re pleased to welcome Genuine Auto Glass associates to the Safelite family,” said Renee Cacchillo, President and CEO of Safelite Group. “Over the last two decades, they have built a strong and impressive reputation […]
Collision Repair Education Foundation Develops Collision Career Awareness, Pathing and Readiness Initiatives
Initiative was funded by GM grant. When GM awarded the Collision Repair Education Foundation (CREF) with a $100,000 grant for 2022, the Foundation made use of the funds to develop its Career Opportunity Awareness Initiative, a project that seeks to increase the number of collision repair students who graduate with marketable technical skills by tackling […]
Enterprise Holdings Expands into South Africa
Enterprise Holdings announced the addition of new franchise locations featuring car rental options from Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car through the Woodford Group in South Africa. This marks the first time Enterprise Holdings brands will be available in South Africa. The Woodford Group offers a range of product offerings within […]
Classic Collision Enters Florida’s Panhandle with Acquisition of 3 Collision Repair Centers
MSO closes in on 200 locations in 15 states with latest acquisition. Classic Collision, LLC announced the acquisition of three additional facilities in the Florida panhandle – Jimmy’s Paint & Body, Precision Collision, and West Florida Paint & Body. Daniel & Han Roberts have had over 25 years of experience servicing the panhandle of Florida […]
Innovation Group Acquired by Allianz X
Partnership between insurer’s digital investment arm and the claims management platform will support Innovation Group’s growth plans as an independent business under its existing management team. Innovation Group, a global provider of claims and technology solutions to the insurance and automotive industries, yesterday announced that Allianz X has entered into binding agreements with the shareholders […]
Driven Brands Closes $365 Million Securitization Issue
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced October 5 that it has closed an offering by its subsidiaries for $365 million Series 2022-1 Fixed Rate Senior Secured Notes, Class A-2 maturing October 2027, increasing the offering by over 30 percent. In addition to the closing of the Notes, Driven Brands also increased the total capacity […]
Raul Vargas to Succeed Jeff Dailey as President & Chief Executive Officer of Farmers Group
Dailey to retire as CEO but will remain chairman of the board. Farmers Group, Inc. (FGI), the Los Angeles, Calif.-based subsidiary of Zurich Insurance Group announced today that Raul Vargas has been appointed to the position of Farmers Group, Inc. President & Chief Executive Officer effective January 1, when current President & CEO Jeff Dailey […]
AASP/NJ to Present Russ Robson Scholarship Award at Annual Meeting October 19
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) believes encouraging young people to pursue and maintain collision repair careers is crucial to the future of this industry. Year after year, AASP/NJ strives to recognize those aspiring technicians dedicated to the profession, and this year is no different. A highlight of AASP/NJ’s Annual Meeting […]
U.S. Light Vehicle Sales Fell Short of Expectations in September
Sales were up over 10.4 percent over weak comparison in 2021 sales. Hurricane Ian battered Florida delaying some potential sales. U.S. Light Vehicle sales totaled 1.11 million units in September, according to LMC Automotive, the automotive forecasting and market intelligence firm, a GlobalData company. This was the lowest monthly total since February, but the fact […]
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