Advantage Parts Solutions, the global provider of strategic automotive parts solutions, announced promotions within its global leadership team. Darren Clark was promoted to UK Managing Director, Murray Isaac to Chief Financial Officer, and Steve Kirstiuk to Senior Vice President of Global Operations. Clark began his career with Advantage Parts Solutions as one of the founding […]
LKQ Corporation Reports Fourth Quarter Revenue of $3.2 Billion, up 7.9% versus 2020
LKQ Corporation (NASDAQ:LKQ) today reported revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% as compared to $3.0 billion in the fourth quarter of 2020. For the fourth quarter of 2021, parts and services organic revenue increased 6.6% (7.3% on a per day basis), while the net impact of acquisitions […]
Collision Repair Education Foundation Opens Summer Golf Fundraiser Registration
Registration is now open for the Collision Repair Education Foundation’s (CREF) 21st Annual Golf Fundraiser, co-hosted by PPG Automotive Refinish and scheduled to take place at the Edgewood Country Club in Pittsburgh, Pa. on Tuesday, July 19 in conjunction with national industry meetings. CREF invites collision professionals to support its efforts to bridge the gap […]
Claim Genius Joins GT Fusion
Claim Genius announced it joined GT Fusion, the UK-based platform for damage repair estimation powered by AI technology partners. GT Fusion will enable insurtechs to expedite and streamline motor claims processes with greater automation. Together, the companies will enable accurate and reliable image analysis and cost estimation, leveraging GT Motive’s estimatic estimating data and Claim […]
Pennsylvania Insurance Commissioner Jessica Altman to Step Down
Pennsylvania Governor Tom Wolf announced that the Pennsylvania Insurance Department (PID) Commissioner Jessica Altman will resign her position with the commonwealth on Friday, February 25. “Commissioner Altman has been a steadfast leader for Pennsylvanians throughout her tenure in state government including protecting access to high-quality, affordable health care by holding insurance companies accountable, ensuring adequate […]
Driven Brands Reports Revenue of Over $391 Million in Fourth Quarter Up 36% Versus 2020
Paint, Collision & Glass segment same-store sales up 11.4% in quarter. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue was $391.9 million in its fourth quarter ended December 25, 2021, an increase of 36% versus the prior year. System-wide sales were $1.2 billion, an increase of 26% versus the prior year, with 6% net store growth […]
Crash Champions Acquires Collision Repair Center in Cleveland, Ohio Market
Crash Champions, LLC announced that it has grown its presence in the greater Cleveland, Ohio market with the acquisition of Sunnyside Collision located at 5775 W 130th St, in Parma. The addition of Sunnyside Collision is the latest transaction that the Company has completed in the greater Cleveland metro area and follows earlier acquisitions of […]
UTI Announces Purchase of Lisle, Illinois Campus from Joint Venture Partner
Universal Technical Institute (UTI) announced the completion of a series of transactions resulting in the 100% ownership of its Lisle, Ill. campus through a wholly owned subsidiary, 2611 Corporate West Drive Ventures, LLC (2611 CWD). This was accomplished by the acquisition of the approximately 72% ownership of 2611 CWD previously held by iStar Net Lease […]
NHTSA to Allow Adaptive Driving Beam Headlights on New Vehicles
The U.S. Department of Transportation’s National Highway Traffic Safety Administration issued a final rule allowing automakers to install adaptive driving beam headlights on new vehicles. This satisfies a requirement in the Bipartisan Infrastructure Law more than a year and a half ahead of schedule. Adaptive driving beam headlight systems, or ADB, use automatic headlight beam […]
Stacey Phillips Named Director of Marketing at 1Collision
1Collision announced that Stacey Phillips will assist the company as director of marketing effective immediately. Phillips will work closely with the 1Collision team to guide and support the company’s marketing strategy. She will also support the continued growth and development of 1Collision’s expansion of independent single and multiple location collision repair centers throughout the United […]
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