IAA, Inc. (NYSE:IAA) announced a strategic market alliance with Oversea Auto & Shipping in Cambodia. This business will operate an IAA Auction Center in the busy and densely populated capital city of Phnom Penh, providing local services and assistance to help buyers to purchase vehicles efficiently from IAA. Oversea Auto & Shipping will offer support […]
J.D. Power Study Finds Collision Intervention Technologies are Among Most Problematic ADAS Technologies
Inaugural study raises concern that innovative features need to be improved before vehicle autonomy can be increased. Advanced Driver Assistance Systems (ADAS) account for 13% of total industry problems with 23.1 PP100 (problems per 100 vehicles), according to the inaugural J.D. Power 2022 ADAS (Advanced Driver Assistance Systems) Quality and Satisfaction Study, released yesterday. Specifically, […]
Classic Collision Celebrates Opening of 200th Location
Opens milestone location in Houston, Texas. Classic Collision, LLC, announced the opening of their 200th collision repair center and will be celebrating across their 15 State footprint. “Last summer we had the pleasure of celebrating our historic milestone of 100 locations, and today we’re excited to share we’ve reached another huge achievement with the opening […]
CollisionRight Acquires 4 Collision Repair Centers in Indiana
Focus Advisors, the M&A firm specializing in collision repair transactions, announced that its client, Mills Body Shops of Evansville, Indiana, and its 4 locations have been acquired by CollisionRight, the Columbus, Ohio-based multiple shop operator. Started in 1955 by the Mills family, Don Decker Sr. and Jack Vickery purchased the business in 1977 and grew […]
Safelite Group Acquires Genuine Auto Glass
The Safelite Group announced the acquisition of Genuine Auto Glass in Seattle, Wash. The transaction was completed on Friday, October 7. “We’re pleased to welcome Genuine Auto Glass associates to the Safelite family,” said Renee Cacchillo, President and CEO of Safelite Group. “Over the last two decades, they have built a strong and impressive reputation […]
Collision Repair Education Foundation Develops Collision Career Awareness, Pathing and Readiness Initiatives
Initiative was funded by GM grant. When GM awarded the Collision Repair Education Foundation (CREF) with a $100,000 grant for 2022, the Foundation made use of the funds to develop its Career Opportunity Awareness Initiative, a project that seeks to increase the number of collision repair students who graduate with marketable technical skills by tackling […]
Enterprise Holdings Expands into South Africa
Enterprise Holdings announced the addition of new franchise locations featuring car rental options from Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car through the Woodford Group in South Africa. This marks the first time Enterprise Holdings brands will be available in South Africa. The Woodford Group offers a range of product offerings within […]
Classic Collision Enters Florida’s Panhandle with Acquisition of 3 Collision Repair Centers
MSO closes in on 200 locations in 15 states with latest acquisition. Classic Collision, LLC announced the acquisition of three additional facilities in the Florida panhandle – Jimmy’s Paint & Body, Precision Collision, and West Florida Paint & Body. Daniel & Han Roberts have had over 25 years of experience servicing the panhandle of Florida […]
Innovation Group Acquired by Allianz X
Partnership between insurer’s digital investment arm and the claims management platform will support Innovation Group’s growth plans as an independent business under its existing management team. Innovation Group, a global provider of claims and technology solutions to the insurance and automotive industries, yesterday announced that Allianz X has entered into binding agreements with the shareholders […]
Driven Brands Closes $365 Million Securitization Issue
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced October 5 that it has closed an offering by its subsidiaries for $365 million Series 2022-1 Fixed Rate Senior Secured Notes, Class A-2 maturing October 2027, increasing the offering by over 30 percent. In addition to the closing of the Notes, Driven Brands also increased the total capacity […]
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