On Friday, Mitchell International announced the closing of a $50 million senior secured first lien term loan. The term loan is an add-on under Mitchell’s existing Credit Agreement. Mitchell expects to use the proceeds of the term loan to continue its track record of investing in technologies that drive better outcomes in the markets it […]
Boyd Group Acquires Collision Repair Center in North Carolina
The Boyd Group Inc. announced the October 26, 2016 opening of a new Gerber-brand collision repair center in Greenville, N.C. The center previously operated as Bland & Newsome Auto Body Repair and served the community for 38 years. Greenville is located about 85 miles east of Raleigh, North Carolina and the new center is located […]
AASP/NJ Elects Officers, Presents Awards at Annual Meeting
Over 115 industry members attend annual event in New Jersey. On October 26, over 115 industry members came together for a night of celebration, appreciation and awareness at the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) 2016 Annual Meeting, held at the Gran Centurions Banquet Hall in Clark, N.J. AASP/NJ Executive Director, Charles […]
AMi’s Directory Includes Over 120 Training Providers
The Automotive Management Institute (AMi), the automotive service and collision repair industry’s non-profit provider of front office and management education, reported its industry-wide Training Provider Directory has been embraced by the industry. Since the June 20th launch of its next generation offering, the searchable directory has experienced tremendous support and activity from those searching for […]
Certified Collision Group and Enterprise Rent-A-Car Announce Alliance
The Certified Collision Group (CCG) and Enterprise Rent-A-Car announced the formation of a strategic alliance to support CCG’s growing national network of collision repair businesses. This agreement leverages the support of Enterprise’s growing ARMS Business Solutions technology offerings to benefit CCG affiliate collision repair locations across the country by increasing operating efficiencies, enhancing customer service […]
Axalta Reports Third Quarter Sales of $1.02 Billion
Refinish net sales up 4.9 percent excluding the impact of foreign currency translation. Axalta Coating Systems Ltd. (NYSE:AXTA) announced its financial results for the third quarter ended September 30, 2016. The company reported net sales of $1.0234 billion for the third quarter of 2016 benefitting from volume and pricing growth that was offset in part […]
AutoNation Acquires Collision Repair Center in Illinois, Announces Plans to Add at Least 18 Locations Nationwide
AutoNation, the automotive retailer, today announced that it acquired Westmont Body Werks, located in Westmont, Ill., a suburb of Chicago, The facility is AutoNation’s 70th collision repair center nationwide. The facility was acquired this month and represents annual revenue of approximately $10 million. In addition to the Westmont acquisition, the company also announced it recently […]
Fix Auto Canada Opens New Collision Repair Center in Quebec
Fix Auto Canada announced that Fix Auto St-Apollinaire celebrated its official opening with a cocktail event on October 20. Stéphane Plante, owner-operator of Fix Auto St-Apollinaire wanted to mark the official opening of his new shop by inviting insurance and strategic partners, as well as Fix Auto employees to visit his new installations. Fix Auto […]
1Collision Network Adds Collision Repair Centers to Network in California, Wisconsin
The 1Collision Network announces its expansion into California, adding Body Best Collision Center in Sonoma, Calif to its network of collision repair centers. 1Collision also added to their Wisconsin network with the addition of Aerco Collision in Altoona, Wis. Dino DiGiulio, owner of Body Best, said, “Body Best Collision Center is excited to begin our […]
Collision Repair Industry Production Down Slightly in July
While production employment declined, hours worked increased in July compared to June. Production remains above 2015 levels. An analysis of the latest data released from the U.S. Department of Labor Bureau of Labor Statistics (BLS), shows that total production for the collision repair industry was down in July versus the previous month, but was up […]
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