Fenix Parts, Inc. announced the acquisition of Tri-City Auto Salvage, Inc. in Greensboro, North Carolina for approximately $6.6 million in cash and 42,363 shares of Fenix common stock. The cash portion of the purchase price was financed through a combination of cash on hand and utilization of $6.5 million of the company’s credit facility. Tri-City […]
Record Attendance at Refinish Distributors Alliance Fall Membership Meeting
The Refinish Distributors Alliance (RDA) announced it had record attendance at its Fall Membership Meeting held October 5 – 7 at the Gaylord Opryland Resort & Convention Center in Nashville, Tenn. Speakers during the three days included Mike Anderson from CollisionAdvice, and Gene Marks from The Marks Group. Members and manufacturers were also able to […]
NICB Processing Flood Damaged Vehicles from SC Floods
As South Carolina struggles to recover from record-breaking rainfall and flooding, the National Insurance Crime Bureau (NICB) is working with law enforcement agencies, insurance and car rental companies to identify and catalog water-damaged vehicles and keep them from being resold to unsuspecting consumers. Authorities estimate that thousands of vehicles may have been flooded. “Unfortunately, natural […]
Fix Auto Adds Location to Network in Western Canada
Canada – Fix Auto announced the addition of Fix Auto Edmonton Yellowhead to its network, effective September 24. With nearly 20 years of experience in various spheres of the collision repair industry and over 12 years of owning and operating their own business, husband and wife team Patrick and Kristy Heard look to the Fix […]
Vista Equity Buys Solera for $6.5 Billion
Ending weeks of speculation, the software and services provider to collision repair, automotive and insurance industries announces a deal to sell the company to a private equity firm. Solera Holdings, Inc. last night announced that it has entered into an agreement to be acquired by an affiliate of Vista Equity Partners in a transaction valued […]
Moreland to Retire from AkzoNobel
Tom Moreland, Strategic Accounts Manager and Industry Relations Manager for AkzoNobel Vehicle Refinishes North America, has announced his intentions to retire by the end of 2015. Well known throughout the collision repair industry, Moreland participated with numerous industry groups and major industry associations including the Automotive Service Association (ASA), Collision Industry Conference (CIC), the Inter-Industry […]
Body Shop Owner Concedes Mississippi Insurance Commissioner Race
John Mosley, owner of Clinton Body Shop, in Clinton, Miss., conceded defeat in yesterday’s Republican primary election for Mississippi Insurance Commissioner. Mosley received 72,000 votes compared to 189,000 for incumbent insurance commissioner Mike Chaney. In a statement released on the John Mosley for Insurance Commissioner Facebook page, the candidate stated, “I want to thank everyone […]
ABRA Acquires Delaware Collision Repair Center
ABRA Auto Body & Glass expanded in Delaware Friday with the acquisition of Henry Brothers Auto Body. Details of the transaction were not disclosed. The new repair center is located in Wilmington, about 30 miles southwest of Philadelphia. The acquisition brings the company’s total repair center count to 312 in 23 states. ABRA first entered […]
NSF Launches Collision Repair Shop Certification Program
NSF International announced its NSF Automotive Collision Repair Shop Certification Program providing independent, third-party oversight of collision repair shops. The certification verifies the shop’s ability to conduct high quality repairs. In accordance with American National Standards Institute (ANSI) procedures, collision repairers and a variety of industry experts worked with NSF International certification experts to develop […]
State Farm to Realign Repair Facility Survey Markets
The largest auto insurer in the U.S. will update its local markets surveys areas based upon government definitions. May result in some changes to rates. State Farm Insurance announced it is refining the market definitions used in its repair facility survey. State Farm surveys allow eligible auto body repair facilities in the various markets the […]