Winners of the WorldSkills Competition 2022 Special Edition for Car Painting raised the bar in skill and sustainable practices. The event was held October 18-22 at College 360, the largest general and vocational educational institution in Silkeborg, Denmark. Thirteen of the world’s best painters competed during four intensive days, with each completing specific tasks. “We […]
Ritchie Bros to Acquire IAA
Acquisition combines complementary businesses with vision to create a next-generation global marketplace for commercial assets and vehicles. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE: RBA) and IAA, Inc. (NYSE: IAA), announced an agreement for Ritchie Bros. to acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of $1.0 billion […]
AutoCanada Acquires Two Luxury Collision Repair Centers in Scarborough, Ontario
AutoCanada Inc. (TSE:ACQ), the multi-location North American automobile dealership group, announced today that it has acquired two luxury collision repair centers, Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest, both located in Scarborough, Ontario, Canada Excellence Auto is one of the premiere collision repair operators across all of Canada. The business has provided […]
West Edge Partners Acquires Dakotaland Autoglass
West Edge Partners (WEP), a lower middle market private equity firm, announced the acquisition of Dakotaland Autoglass (DAG), a regional distributor and service provider to the aftermarket automotive replacement glass and paint, body & equipment (PBE) industries. Terms of the transaction were not disclosed. DAG, headquartered in Sioux Falls, S.D., distributes aftermarket automotive glass and PBE […]
Nine Las Vegas Veterans, Military Members and Families Receive NABC Recycled Rides
The National Auto Body Council made a big splash, raindrops and high winds included, during their 2022 NABC SEMA Celebration at this year’s SEMA Show on the SEMA Reveal main stage outside the Las Vegas Convention Center. The celebration showcased NABC annual awards, the Hall of Eagles recipients and the NABC Recycled Rides presentation to […]
Lee’s Garage Named New Jersey Automotive/Stan Wilson Body Shop of the Year
The Alliance of Automotive Service Providers of New Jersey’s (AASP/NJ) presented the New Jersey Automotive/Stan Wilson Body Shop of the Year award to Paul Sgro of Lee’s Garage in West Long Branch, during the association’s recent Annual Meeting. “This award was known solely as the New Jersey Automotive Body Shop of the Year award before […]
I-CAR Receives Awards for New EV and ADAS Hands-On Training
A panel of international media judges has awarded I-CAR, the Inter-Industry Conference on Auto Collision Repair, a prestigious SEMA Global Media Award in recognition of its new Electric Vehicle (EV) Hands-On Skills Development course. Introduced earlier this summer, the 5-Day EV Hands-On Skills Development course serves as the capstone to eight (8) prerequisite EV courses […]
Berkshire Hathaway Reports GEICO Collision Claims Severity 17-19% Higher in First Nine Months of 2022 Compared to Last Year
Higher used car prices and parts shortages increasing costs of claims. Berkshire Hathaway reported its third quarter 2022 earnings, including details about its GEICO subsidiary, the second largest private passenger auto insurer in the U.S. on November 5. According to the company, GEICO’s pre-tax underwriting losses in 2022 reflected increased claims severities, primarily due to […]
Classic Collision Acquires Collision Repair Centers in North Carolina and Texas
Classic Collision, LLC announced two new closings Friday, including the acquisition of Smitty’s Collision in Mooresville, N.C. and a CARSTAR Franchise in Houston, Texas. Smitty’s Collision opened their doors 20 years ago with a commitment to bring quality repairs to the Mooresville area. “We used the most up to date technology to return vehicles to […]
Collision Repair Education Foundation Announces 69 Schools Receive $436,000 in Benchmark Grants Funded by Industry
Thanks to the generosity of a multitude of industry partners, both small and large, the Collision Repair Education Foundation (CREF) announced that 69 collision schools will receive $436,000 in Benchmark Grant funding to financially support their efforts to educate the collision industry’s future workforce and making a difference in the lives of the students training […]
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