Driven Brands Holdings filed on December 22 with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. Rennaissance Capital said, however, the deal is likely a placeholder for an IPO we estimate could raise up to $600 million. Driven Brands franchise network has 4,100 locations across […]
I-CAR Announces Recipients of Jeff Silver and Russ Verona Awards
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced the recipients of its annual Jeff Silver and Russ Verona I-CAR Awards that recognize one individual and one collision repair shop for advancing technical education and professionalism in the collision repair industry. The Jeff Silver Award, honoring an I-CAR Platinum individual who demonstrates true passion for […]
AutoCanada Acquires Collision Repair Facility in Quebec
AutoCanada announced that it has acquired Auto Bugatti – Certified Collision Repair Centre on September 1st. Auto Bugatti has been in business for over 20 years and has 30,000 sq ft. of production space. The facility opened its doors in 1990 in Dorval, Quebec and has become a Certified Collision Repair Centre for BMW, MINI, […]
IAA Expands in California and Massachusetts
IAA, Inc. (NYSE: IAA) announced it increased capacity at its IAA High Desert branch located in Hesperia, Calif. and the overall Boston, Massachusetts market. This investment will increase the IAA High Desert branch’s inventory space by more than 60 percent, adding capacity to the overall Los Angeles market. Additionally, the Boston market will see a […]
10 Vehicle Manufacturers Reach Automatic Emergency Braking Commitment Ahead of Schedule
Ten automakers have fulfilled a voluntary commitment to equip nearly all the new light vehicles they produce for the U.S. market with automatic emergency braking (AEB) — well ahead of the 2022-23 target. The 10 manufacturers put the technology on more than 95 percent of the vehicles they produced between Sept. 1, 2019, and Aug. […]
Original One Parts Acquires PartCycle Technologies
Acquisition adds recycled e-commerce marketplace. Original One Parts LLC, a portfolio company of private equity firm Kinderhook Industries, LLC, announced the acquisition of PartCycle Technologies, LLC. PartCycle Technologies is an e-commerce marketplace for quality recycled OEM auto parts, based in Florence, Ala. The company was founded in 2015 by two tech entrepreneurs with a shared […]
Boyd Group Acquires Collision Repair Center in Morrow, Georgia
The Boyd Group Inc. announced the acquisition of a collision repair center in Morrow, Georgia. Morrow is a south suburb of Atlanta and home to Clayton State University. The new Gerber Collision & Glass location, situated off a well-traveled roadway referred to as “Dealers Row” due to many car dealerships close by, previously operated under […]
CSN Adds Collision Repair Center to Network in Alberta
CSN Brennan, located in Stettler, Alberta, Canada is the latest CSN Collision Centre to join the network under the ownership of Lift Auto Group. Stettler has a population just over 11,000 people. “The CSN Brennan facility is the best repairer in the region and that’s what attracted us to them,” said Lift Auto Group President […]
Mitchell Fourth Quarter 2020 Industry Trends Report Makes 2021 Predictions
Mitchell International, Inc. today released the Auto Physical Damage Edition of its fourth quarter Industry Trends Report for 2020. In this report, Mitchell experts predict and analyze the key trends that will impact 2021, providing insights that can help guide planning for organizations across the industry. “The events of 2020 have caused some lasting changes […]
Kevork Kahwajian Named Strategic Operations Specialist for ProColor Collision in Western U.S.
ProColor Collision announced the appointment of Kevork Kahwajian as Strategic Operations Specialist for the network’s operations in the west region of the United States. In this role, Kevork will work closely with franchisees to help them maximize daily operations and implement standardized processes and production strategies. He will also support franchisees in maximizing revenue while […]
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