Driven Brands Holdings Inc. (NASDAQ: DRVN) announced today it closed a $500 million securitization offering to refinance existing debt. The parent company of collision repair industry brands such as Maaco, 1-800-Radiator & A/C, Auto Glass Now, and CARSTAR issued Series 2025-1 Fixed Rate Senior Secured Notes, Class A-2, maturing in October 2055 with an anticipated […]
CAPA Elects Five New Members to Board of Directors
New members include representatives from major collision repair and insurance companies. The Certified Automotive Parts Association (CAPA) yesterday announced the election of five new members to its Board of Directors. Joining the Board are: Michael Bundra, Allstate; Brian Burbridge, Caliber Collision; David Garner, Joe Hudson’s Collision Center; Tom Latronico, Liberty Mutual; and Kayla Williams-Clark, Classic […]
TechForce Foundation and National Technical Honor Society Award Two Students $2,500 Scholarships
The TechForce Foundation and the National Technical Honor Society awarded their first joint scholarships to two students pursuing careers in technical fields, the organizations announced Monday. Nicholas Sinotte of Lakes Region Community College and Dylan Powell of Itawamba Community College each received $2,500 toward their technical education. Both students enrolled in trade school this fall […]
AkzoNobel Certifies 203 European Body Shops in Sustainability Program
AkzoNobel Vehicle Refinishes has certified 203 body shops across 10 European countries through its Sustainable Repair Network, with another 290 active body shops that are not yet certified. The coatings manufacturer announced the milestone Oct. 19, marking more than two years since launching the initiative. The certified shops span 119 companies operating in Denmark, Finland, […]
I-CAR Accepting Applications for Open Seats on Member Council
The Inter-Industry Conference on Auto Collision Repair (I-CAR) is currently accepting applications to fill eight open seats on its Member Council, including three to represent the collision repair industry. A candidate information packet and application for individuals employed at an I-CAR member organization is available online. The Member Council serves as a voice of the […]
Progressive Reports Personal Auto Policies in Force Up Over 15% in September Compared to Last Year
Auto policies in force set another new record. Combined ratio up year over year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 26,299,000 in September, an increase of 3,445,600 or 15.1% from 22,803,500 in September 2024. The September total personal auto policies in force set another new record […]
Classic Collision Acquires Repair Center in Texas
Classic Collision, LLC announced the acquisition of Fawbush Body Shop in Livingston, Texas. Fawbush Body Shop has served Livingston and the surrounding communities for over 30 years. Classic Collision, founded in 1983 in Atlanta, Ga., operates 351 collision repair facilities nationwide.
AASP/NJ Announces 2026 Northeast Show to be Held March 20-22
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that the NORTHEAST 2026 Automotive Services Show will return to the Meadowlands Exposition Center (MEC) in Secaucus, N.J. on March 20–22, 2026. Now in its 49th year, NORTHEAST stands as the largest automotive and collision repair trade show of its kind and the second-largest […]
Abra Names Doug Sharp 2025 Franchisee of the Year
Abra announced Doug Sharp, owner of two South Dakota locations, as its 2025 Franchisee of the Year at the Ascend 2025 Conference on Oct. 14. The award recognizes franchisees who demonstrate operational performance, community involvement and brand alignment. Sharp operates Abra franchise locations in Watertown and Brookings,S.D. He joined the Abra network in 2008 after […]
UK Insurers Pay $268 Million to Motorists in Settlement for Underpaid Claims
British motor insurers will compensate an estimated 270,000 customers a total of £200 million ($268.5 million) after regulators found the companies underpaid claims for stolen and totaled vehicles. The Financial Conduct Authority (FCA) said in September that insurers made automatic deductions for assumed pre-existing damage without proper justification, violating rules on fair claims handling. The […]
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