WILsquare Capital, the lower-middle market private equity firm, announced that its portfolio company, Automotive Color & Supply (“CS), has completed the acquisition of Paint Works, a distributor of automotive and industrial paint and supply products serving Arkansas, Louisiana and Texas. Terms of the transaction were not disclosed. Paint Works expands ACS’ reach and customer service […]
UK’s Steer Automotive Group Acquires 5-Location MSO
The United Kingdom’s Steer Automotive Group announced the acquisition of Accident Repair Centre Group Limited (ARC Group), with collision repair locations operating across southwest England with repair centers located in Bristol, Chippenham, Weston-super-Mare, and Swindon. Richard Steer, Chief Executive of Steer Automotive Group, said, “We are thrilled to welcome ARC Group into the Steer family. […]
NHTSA Proposes Voluntary National Program for Vehicles with Automated Driving Systems
The U.S. Department of Transportation’s National Highway Traffic Safety Administration proposed a voluntary national framework for the evaluation and oversight of certain vehicles equipped with automated driving systems. The ADS-equipped Vehicle Safety, Transparency, and Evaluation Program, known as AV STEP, would establish a voluntary review and reporting framework for participating ADS-equipped vehicles. The program would […]
Nine State Insurance Commissioners Call for Abolishment of Federal Insurance Office
Letter to incoming Trump Administration Department of Government Efficiency say FIO duplicates functions already performed by the states. A coalition of Insurance Commissioners from Alabama, Arkansas, Kansas, Louisiana, New Hampshire, North Carolina, Oklahoma, Tennessee, and West Virginia have issued a joint letter to the newly appointed leaders of the Trump Administration’s Department of Government Efficiency […]
Consumer Sentiment Continued to Rise in December
Consumer sentiment rose for the fifth consecutive month, reaching its highest reading since April 2024. The University of Michigan Consumer Sentiment Index continued to increase in December as consumer opinions on current conditions and expectations on the future of the economy improved. The Consumer Sentiment Index rose to 74.0 in the December 2024 survey, up […]
Crash Champions Acquires Collision Repair Centers in Florida and Montana
Crash Champions announced in December the addition of two new collision repair locations in Florida and Montana The multiple shop operator acquired South Motors Collision in Miami, Fla. and Big Sky Collision Center in Bozeman, Mont. The pair began operating as Crash Champions effective December 16. “This is another proud step in the ongoing Crash […]
Colours Acquires Auto Body Specialties
Colours Inc. announced the acquisition of Auto Body Specialties (ABS) with locations in Mankato, Minn. and Mitchell, Rapid City, Sioux Falls, Watertown, S.D. ABS was founded in 1950 by Harley and Sallie Roddel. With a commitment to providing quality service and products, they continued to expand from the original store to five locations. In 1980, […]
Root Insurance Expands Auto Insurance to Minnesota
Root, Inc. (NASDAQ: ROOT) announced the availability of Root Insurance in Minnesota. The insurer now serves drivers in 35 states, extending its auto insurance product availability to over 4 million registered drivers in Minnesota and covering more than 77% of the U.S. population. “We’re excited to bring an easy, technology-driven, car insurance option to Minnesota, […]
Auto Care Association January 9 Webinar Examines Incoming Trump Administration Trade and Tariffs
The Auto Care Association will host a webinar January 9 from 1-2 p.m. (EST) addressing trade and tariffs in the upcoming Trump administration. The webinar provide an in-depth analysis of the Trump administration’s approach to reshaping global trade dynamics, including its use of tariffs to address trade imbalances, to protect domestic industries, and to challenge […]
Ken Worzel Elected Non-Executive Chair of State Farm Board of Directors
The Board of Directors of the State Farm Mutual Automobile Insurance Company has elected Kenneth J. Worzel to serve as Non-Executive Chair of the Board. Worzel will work closely with President and CEO Jon Farney, who runs the business operations of the company and is a member of the Board. “I look forward to continuing […]
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