Painters Supply & Equipment Co. (PSE) announced the acquisition of Ellis Distributors with two locations in the state of Indiana. Ellis is a PPG Platinum Distributor that has been supplying the automotive refinish and industrial coatings markets since 1993. They are headquartered in Bloomington with an additional location in Terre Haute. “We are pleased to […]
Collision Claims Declined in Fourth Quarter
Auto physical damage indicators influencing the collision repair industry declined during the fourth quarter of 2018 compared to the previous year. Growth in collision insurance coverage slows. According to the latest available Fast Track Monitoring system data from the Independent Statistical Service Inc. (ISS), private passenger collision claims decreased in the U.S. during the 12 […]
PartsTrader and URG Announce Integration to Simplify Recycled Parts Ordering
The United Recyclers Group (URG) and PartsTrader announced the availability of a new integration that allows URG member salvage yards to automatically see their inventory for each part and reduce manual data entry. These factors speed up quote response time by yard personnel. By using this integration, the sales team can focus more time solving […]
SAE, Ford, General Motors and Toyota Form Autonomous Vehicle Safety Consortium
SAE International, along with the top three U.S. vehicle manufacturers Ford, General Motors (GM) and Toyota, announced the formation of the Automated Vehicle Safety Consortium (AVSC) that will work to safely advance testing, pre-competitive development and deployment of SAE Level 4 and 5 automated vehicles. The AVSC will provide a safety framework around which autonomous […]
Stacy Peterson Appointed Chief Information Officer at Service King
Service King Collision Repair Centers announced the appointment of Stacy Peterson to the role of Chief Information Officer (CIO), effective immediately. Peterson has more than 15 years of experience in technology, operations, and customer management. Peterson most previously served as Chief Experience Officer at Wingstop. Prior to that, she held leadership roles in information technology, […]
State Farm Sponsors SkillsUSA
State Farm Insurance Companies announced its continued support for SkillsUSA. The 2019 grant will support the mission of SkillsUSA and several national programs that help SkillsUSA instructors and their students become world class workers, leaders and responsible American citizens. State Farm is supporting: SkillsUSA’s Engage training for teachers at the SkillsUSA National Leadership and Skills […]
Collision Repair Industry Production Up in December
Production was up in December versus both 2017 and the previous month. For the year, however, production declined. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that collision repair industry production in December 2018 was up compared to both 2017 and November. Production remains […]
American Family Acquires Ameriprise Auto & Home for $1.05 Billion
American Family Insurance Mutual Holding Company announced it has reached agreement to acquire Ameriprise Auto & Home (AAH), a De Pere, Wisconsin-based property-casualty insurance provider that primarily sells its products through a partnership with wholesale retailer Costco. “With our proven track record and strong investments in our people, technology and other innovations, we know what […]
Boyd Group Expands Credit Facility to $400 Million to Support Acquisitions
The Boyd Group Income Fund (TSE:BYD.UN) announced that it has expanded its revolving credit facility to $400 million through the accordion feature available under its existing facility. “As we execute on our long-term growth strategy, we continue to see many attractive opportunities to make accretive acquisitions,” said Pat Pathipati, Executive Vice President and Chief Financial […]
IAA Announces Branch Expansions in Five States
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE:KAR), announced expansions at branches in five states. The expansions have added more than 110 acres to IAA’s footprint in Alabama, Arkansas, Minnesota, New York, and Texas to address sellers’ logistical needs and provide increased inventory options for buyers. “By anticipating our current […]
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