Focus Advisors, the automotive mergers and acquisitions advisory firm, announced that its client, Pacific Collision Equipment, has been acquired by Kalix River Holdings. Owned and operated by Robert Hornedo, Pacific Equipment sold and serviced Car-O-Liner equipment to collision repairers in Southern California across 1,280 zip codes. “I enjoyed my time in the industry and took […]
Copart Reports Fiscal First Quarter Revenue of $1.15 Billion
Copart, Inc. (NASDAQ: CPRT) reported for its fiscal first quarter ended October 31 revenue was $1.15 billion, gross profit was $512.1 million, and net income attributable to Copart, Inc. was $362.1 million. These represent an increase in revenue of $126.4 million, or 12.4%; an increase in gross profit of $48.1 million, or 10.4%; and an […]
Enterprise and A.D. Banker Announce Refreshed Continuing Education Course for Insurance Professionals
Enterprise and A.D. Banker announced the relaunch of a continuing education course about rental reimbursement coverage for insurance professionals. The refreshed course includes new data and is now available in an on-demand, online format. With costs covered by Enterprise, the course offers a free opportunity for insurance professionals to complete credits toward retaining their license […]
LexisNexis Reports New Auto Insurance Policy Volume at Record Levels in Third Quarter as Consumers Shop for Better Rates
For the second consecutive quarter, the LexisNexis U.S. Insurance Demand Meter recorded “Nuclear” levels of auto insurance shopping and new policy volumes, while the latter set a new record for growth since LexisNexis Risk Solutions first began tracking U.S. insurance consumer shopping behavior more than a decade ago. Insurer-led marketing programs fueled activity among price-sensitive […]
IAA Announces New Market Alliance in Oman
RB Global, Inc. (NYSE: RBA) (TSX: RBA) announced that IAA has launched a new Market Alliance with North America Trading L.L.C. in the country of Oman. Through this agreement, IAA will open auction centers in three cities strategically located throughout Oman by the end of 2025. This strategic alliance reaffirms IAA’s commitment to expanding its […]
Registration Open for Women in Auto Care Leadership Conference
Women in Auto Care, a community of the Auto Care Association announced the opening of registration for its annual Women in Auto Care Leadership Conference. The conference will take place Feb. 18-20 in Atlanta, Ga. at the Starling Curio Collection by Hilton. The 2025 conference theme is “Navigating the Road Ahead”. The 2025 Women in […]
National Association of Insurance Commissioners Elects 2025 Officers
On November 19, members of the National Association of Insurance Commissioners (NAIC) elected their 2025 officers at the conclusion of the NAIC Fall National Meeting in Denver, Colorado. The 2025 NAIC officers include: President: North Dakota Insurance Commissioner Jon Godfread. Jon Godfread was first elected Commissioner of the North Dakota Insurance Department on November 8, […]
Wholesale Used-Vehicle Prices Up in First Half of November
Prices were up both month-over-month and year-over-year. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The […]
Hanging Rock Acquires Car-O-Liner Southwest
Generational Capital Markets (GCM), the mergers and acquisitions advisor for privately held businesses, announced the sale of Car-O-Liner Southwest to Hanging Rock. The acquisition closed March 7, 2024. Located in Rowlett, Texas, Car-O-Liner Southwest, established in 1993 by Tim Curran, is a distributor of collision repair equipment, serving thousands of customers across the southwestern United […]
NABC Elects Board Members
At the 2024 NABC Annual Meeting, the National Auto Body Council held its board elections for the upcoming year. In addition to re-electing four members whose terms were expiring, NABC welcomed three new members to its board. The newly elected board members include: Ryan Downs, Chief Strategy Officer, Crash Champions Steve Fardelos, Regional Sales Manager, […]
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