CSAA Insurance Group, a AAA insurer, has elected Mike Zukerman its president and chief executive officer, effective immediately. Zukerman was named interim CEO in August 2023. “Mike has demonstrated excellent leadership while serving as the interim CEO. With a deep understanding of both the business and the importance of our AAA club partners, there is […]
Quality Collision Group Announces Staff Promotions
Quality Collision Group announced two appointments to their leadership team. Brian Nichols, a veteran of the collision industry with 30 years of experience and former co-owner of Cascade Collision Repair, has taken on the role of VP of Mergers & Acquisitions. Nichols previously served as VP of Operations for Cascade Collision Repair after its acquisition […]
Axalta Acquires CoverFlexx Group from Transtar Holding Company
Acquisition includes Transtar Autobody Technologies, Pro Form and Aftermkt Armor brands. Axalta Coating Systems (NYSE: AXTA) today announced an agreement to acquire The CoverFlexx Group from Transtar Holding Company for an initial cash consideration of $285 million, plus an additional $10 million earnout based on the business’s 2024 performance. The closing of the transaction is […]
AASP/NJ Industry Night May 22
The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) Industry Night on May 22 will feature presentations from four industry service providers who will engage, inform and interact with attendees on starting at 6:30 p.m. at the Holiday Inn in Clark, NJ. Representatives from American Compliance Systems, AirPro Diagnostics, CCC Intelligent Solutions and Eagle […]
Wesco Acquires Auto Color & Equipment in Missouri
The Wesco Group, the paint, body and equipment distributor in the U.S. and Canada, announced it has acquired Auto Color & Equipment. Auto Color & Equipment has been servicing Missouri since 1987. The owners, Wayne and Denise Edwards, took over in 1992 and have been committed to the industry and have been instrumental in shaping […]
Painters Supply and Equipment Acquires AeroCoat Source Inc.
Painters Supply & Equipment Co. (PSE) announced the acquisition of AeroCoat Source Inc. Established in 1999 and headquartered in Maple Shade, N.J., AeroCoat distributes high- quality coatings and painting solutions, serving customers across the aviation and military sectors. Their New Jersey distribution center along with the NJ operations and sales teams will continue to operate […]
LKQ Corporation to Sell Elit Polska in Poland to MEKO AB
LKQ Corporation (Nasdaq: LKQ) announced that it has entered into a definitive agreement to sell Elit Polska, a Poland-based distributor of automotive parts, consumables and workshop equipment to MEKO AB. The transaction is expected to be completed during the second half of 2024 and is subject to customary closing conditions and necessary regulatory approvals. Elit […]
PPG Receives American Chemistry Council Sustainability Leadership Award
PPG (NYSE:PPG) announced that it has received an American Chemistry Council (ACC) 2024 Sustainability Leadership Award for an automotive OEM electrocoat that lowers energy use and emissions. The award recognizes exemplary products, technologies and initiatives that help advance sustainability. PPG Enviroprime EPIC 300 electrocoat cures at lower temperatures than previous ecoat technologies, helping reduce greenhouse […]
MEMA Opposes Three New Biden Administration Labor Regulations
MEMA announced it has joined with other business groups in opposing three new final rules altering major employer/employee relationships released by the Biden administration has announced. these rules and will keep you updated on any developments. The rules include recently announced rules by the Federal Trade Commission (FTC) to ban on virtually all employee noncompete […]
Wholesale Used-Vehicle Prices Continued to Decline in April
Manheim reports wholesale prices were down both month-over-month and year-over-year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were down in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14.0% from a year ago. The seasonal adjustment to the index magnified the results […]
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