Advisory firm says EBITDA multiples hold steady, but valuations down on lower operator performance in wake of market slowdown. Collision repair merger and acquisition activity dropped significantly in 2025, with fewer deals, longer timelines and lower valuations driven by declining claim counts and revenue pressure, according to Focus Advisors’ annual Year in Review report published […]
Caliber Announces CFO Resignation, Names Interim Replacement
Caliber, the parent company of Caliber Collision and Caliber Auto Glass, announced a leadership change in its finance organization. Judd Nystrom resigned as chief financial officer effective Feb. 25 for personal reasons, the Lewisville, Texas-based company said. Caliber said the resignation was not the result of any disagreement related to financial reporting, compliance issues or […]
Art Fisher Memorial Scholarships Now Accepting Applications Through March 31
Federated Auto Parts is accepting applications for 13 Art Fisher Memorial Scholarships for the 2026-27 academic year, the company announced Feb. 24. The application deadline is March 31. The scholarships, named for the late founder of Federated Auto Parts, are open to students pursuing automotive aftermarket careers, including those enrolled in ASE-certified collision repair technician […]
Women’s Industry Network Launches 2026 Sponsorship Campaign
Annnounces three Diamond-Level sponsors. The Women’s Industry Network (WIN) has launched its 2026 annual sponsorship campaign, reporting that nearly 70% of prior sponsors have already renewed and six new sponsors have signed on. Among the new commitments, The Boyd Group, Caliber and OEC have each joined at the Diamond level — WIN’s highest tier of […]
State Farm Reports $4.6 Billion Auto Underwriting Gain, Declares $5 Billion Customer Dividend
Insurer’s auto business swings to first underwriting profit since 2020, citing lower repair costs and fewer collisions. State Farm reported net income of $12.9 billion in 2025, more than doubling the $5.3 billion posted in 2024 and marking the company’s strongest annual result in recent history. The turnaround was driven by a return to underwriting […]
Driven Brands Delays Earnings Release, Will Restate Financials After Audit Committee Finds Material Errors
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA, said its audit committee found material errors in previously issued financial statements and that the company will restate results for fiscal 2023 and 2024 and several interim periods. Driven Brands also said it is delaying the […]
Marchex, Solera Announce AI Integration for Auto Dealerships
Marchex (NASDAQ: MCHX), a conversation intelligence and data analytics company, announced a new integration with Solera, designed to reduce manual data handling between the two platforms for dealership users. Troy Hartless, president and CRO of Marchex, said, “Auto dealers rely on speed, accuracy, and data-driven insights to maximize every customer interaction. Our integration with Solera […]
ATMC Opens Annual Training Benchmarks Survey for Auto, Collision and Truck Service Professionals
The ASE Training Managers Council (ATMC) has opened its annual training benchmarks survey for auto, collision and truck service professionals, with responses due by March 20. The online survey is designed to establish metrics to help the industry identify training trends, provide comparison standards and align training provider offerings with industry needs. Survey results will […]
Nevada Man Pleads Guilty to Arson at Tesla Collision Center in Las Vegas
Faces minimum statutory penalty of five years in prison. A Las Vegas man pleaded guilty on Feb. 24 to using a firearm and Molotov cocktails to destroy and damage vehicles and property at a Tesla Collision center in March 2025. According to court documents filed in the U.S. District Court for the District of Nevada, […]
Salvato Auctions Expanding into Mid-Atlantic, Southeast Markets
Salvato Auctions announced Feb. 25 it will expand operations into the Mid-Atlantic and Southeast regions of the United States, with a launch planned for the second quarter of 2026. The company said the expansion will introduce its insurance vehicle auction services to Georgia, Virginia, Maryland, North Carolina, South Carolina, Tennessee and other neighboring states based […]
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