PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]
Canada-Based Collision Repair Consolidator Lift Auto Group Receives Funding from PFM Capital
PFM Capital Inc. (PFM), on behalf of the APEX III Investment Fund Limited Partnership (APEX III) announced it has made a strategic investment in British Columbia-based Lift Auto Group to support the continuation of the collision repair facility consolidator’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (CBGF), that invested in Lift […]
SBA and Treasury Announce PPP Re-Opening
Applications for first PPP loan start today, second loan applications on January 13, The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced January 8 that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial […]
Enterprise and Ranken Technical College Launch Automotive Collision Engineering Program
Enterprise Holdings today announced the launch of the Automotive Collision Engineering Pilot Program, a collaboration of the Enterprise Rent-A-Car Foundation and Ranken Technical College. Designed to attract and develop entry-level talent to fill essential roles within the collision repair industry, and enhance retention and advancement among collision repair technicians, the program is piloting at four […]
NJM Insurance Launches in Ohio
NJM Insurance Group announced it is making its full line of personal lines insurance products available to Ohio residents. “NJM was founded over a century ago with one mission, to operate in the exclusive interests of its policyholders,” said Mitch Livingston, NJM president and CEO. NJM is one of the largest auto and homeowners insurers […]
Driven Brands Launches Initial Public Offering
Driven Brands Holdings Inc. announced that it has launched the roadshow for its proposed initial public offering that CollisionWeek reported earlier this week. The company is offering 38,000,000 shares of its common stock. The initial public offering price is expected to be between $17.00 and $20.00 per share and could raise of $700 million. Roark […]
Collision Repair Education Foundation Announces Six New Board Members
The Collision Repair Education Foundation (CREF) announced the appointment of six new members to its Board of Trustees. The six Board of Trustees members who joined in 2020 include: Tom Brown, 3M Paul Folino, LKQ Corporation Brenda Hogen, PartsTrader Ken Hudson, Farmers Insurance Scott Kohl, Liberty Mutual Insurance Sandee Lindorfer, Allstate Insurance Company Tom Wolf, […]
Northeast Trade Show Rescheduled to September 10-12
Continuing impact of pandemic forces rescheduling of March event. The Alliance of Automotive Service Providers of New Jersey (AASP/NJ) announced that its 2021 NORTHEAST Automotive Services Show will be rescheduled to September 10-12, at the Meadowlands Exposition Center (MEC) in Secaucus, N.J. The event was originally scheduled for March 19-21. “As the COVID-19 vaccines begin […]
Report Shows Evidence of Rear Autobrake Effectiveness
HLDI analysis shows 28% few liability claims and 10% fewer collision claims. According to an analysis by the Highway Loss Data Institute (HLDI), rear automatic emergency braking (AEB) systems are reducing crashes. Rear AEB was the standout feature in HLDI’s annual compilation of its research on the impact of crash avoidance technologies. The updated rear AEB […]
Boyd Group Opens Collision Repair Center in Cathedral City, California
The Boyd Group Inc. announced the opening of a new Gerber Collision & Glass collision repair center in Cathedral City, Calif. Cathedral City, also known as “Cat City,” is a desert resort city located between Palm Springs and Rancho Mirage and a primary municipality in the Colorado Desert’s Coachella Valley. This location is visible from […]
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