Clearlake Capital Group assumes majority ownership. MSO receives $200 million new capital injection, reduces net indebtedness by over $500 million. Service King today announced its entry into a comprehensive agreement with key financial stakeholders that will provide the Company with new capital, reduce debt, extend remaining existing debt maturities, and position Service King to increase […]
Classic Collision Acquires Collision Repair Center in Holly Hill, Florida
Classic Collision, LLC announced the acquisition of The Body Werks repair center in Holly Hill, Fla. The Body Werks has been taking care of the collision repair needs for Daytona and the surrounding areas for almost 40 years. “We have gained a stellar reputation in our community because of our attention to detail and our […]
Auto and Marine Finishes Named BASF ColorSource Distributor of the Year
Auto and Marine Finishes (AMF) won the BASF ColorSource Automotive Refinish 2021 Distributor of the Year award at BASF’s annual ColorSource conference held in April in Tampa, Fla. “Auto and Marine Finishes (AMF) has been an extremely strong partner for BASF in southwest Florida and southwestern Illinois since joining the ColorSource program in 2017,” said […]
Collision Industry Foundation Gala July 20 in Pittsburgh
The Collision Industry Foundation (CIF) announced its 11th Gala event will be held at 6:30 p.m. Wednesday, July 20, at Howl at the Moon, in Pittsburgh, Pa. near industry meetings being held at the Omni William Penn Hotel. Registration for the CIF Gala is available online. The goal of this annual industry get-together is to […]
Maaco Fort Myers Partners with Local Technical College
Maaco Fort Myers launched a partnership with local technical college, Fort Myers Technical College, to help support future auto body repair professionals. Owner of Maaco Fort Myers, Justin DePasquale, and his business partner, Richard Leatherwood, have been actively working to find causes important in Fort Myers, so they can give back to the community they […]
AAA Projects 39.2 Million People Will Travel During US Memorial Day Holiday
Nearly 90% will travel by car over long holiday weekend. The unofficial start to summer will be a busy one this year as AAA predicts 39.2 million people will travel 50 miles or more from home this Memorial Day weekend in the U.S. This is an increase of 8.3% over 2021, bringing travel volumes almost […]
Allstate Says Collision Data Points to Increasingly Dangerous Roads this Summer
Collision rates could be more than 7% higher in the summer post-pandemic. An analysis by Allstate of proprietary collision data for the five years between 2017 and 2021 reveals that the U.S. is likely to see riskier roadways this summer. Over the past two years, numerous roadway safety organizations, including the National Highway Traffic Safety […]
NOAA Predicts Above-Normal Atlantic Hurricane Season This Year
Ongoing La Niña, above-average Atlantic temperatures set the stage for busy season ahead. Forecasters at NOAA’s Climate Prediction Center, a division of the National Weather Service, are predicting above-average hurricane activity this year — which would make it the seventh consecutive above-average hurricane season. NOAA’s outlook for the 2022 Atlantic hurricane season, which extends from […]
Toyota Auto Body California Donates Nearly 1,000 Quarter Panels to Collision Repair Students Through CREF
Toyota Motor North America, Inc. connected the Collision Repair Education Foundation (CREF) to Toyota Auto Body California, Inc. for a donation of 944 quarter panels, valued at $632,480, which will benefit collision repair educational programs around the country. Quarter panels will be distributed to over 100 schools, immediately impacting over 3,000 students by allowing them […]
US New Vehicle Retail Sales Projected to Decline Over 20% Compared to Last Year
Average price forecast to set another record. New-vehicle retail sales for May 2022 are expected to decline when compared with May 2021, according to a joint forecast from J.D. Power and LMC Automotive. Retail sales of new vehicles this month are expected to reach 1,013,700 units, a 20.9% decrease compared with May 2021 when adjusted […]
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