Painters Supply & Equipment Co. (PSE) announced today that an affiliate of the company has completed the acquisition of Nyquist, Inc. The acquisition adds five locations in the Mid- Atlantic region. Based in Baltimore, Md., Nyquist was founded in 1955 by George Nyquist Sr., who later sold the business to his son George Nyquist Jr. […]
CARSTAR Adds Collision Repair Center to Network in Kentucky
CARSTAR announced the opening of CARSTAR on Nicholasville, located at 2159 Lexington Road, in Nicholasville, Ky. CARSTAR on Nicholasville, a 9,000 sq. ft. facility led by general manager Thomas O’Nan, is the fourth CARSTAR facility for co-owner Kevin Rains, but first partnership with the local business group who own Toyota on Nicholasville, led by Rick […]
Massachusetts Collision Repair Facility Owner Charged with Tax Fraud
The owner of Everett and Worcester, Mass. auto body repair facilities was charged yesterday with a payroll tax scheme resulting in a $292,231 tax loss. This is not Haddad’s first run in with authorities, in 2019 Haddad was charged with auto insurance fraud by Massachusetts Attorney General Maura Healey. Haddad pleaded not guilty to the […]
Bill Westrate to Succeed Jack Salzwedel as American Family CEO in 2022
American Family Insurance group announced a succession plan for Chair and Chief Executive Officer Jack Salzwedel, reinforcing its commitment to business growth, an innovative and inclusive work culture, and strong involvement in communities where its customers live and work. The plan, which was initiated by Salzwedel two years ago and developed with the board of […]
John Griffin Named Regional Commercial Director, Americas, for AkzoNobel’s Automotive and Specialty Coatings Business
AkzoNobel announced the appointment of John Griffin to the position of Regional Commercial Director to lead its Automotive and Specialty Coatings business in the Americas that was effective August 1. Griffin started his career as a materials engineer before moving into the paints and coatings manufacturing industry. He joined AkzoNobel in 2000 and has held […]
CCC Reports July Repairable Appraisals Down 20.5% Compared to 2019
U.S. repairable appraisals continued to improve following April low. According to the CCC Auto Claims Snapshot – July 2020, U.S. repairable appraisal counts continued to recover, though slowly. For the month of July, repairable appraisals were down 20.5% compared to July 2019 in the U.S. The July result is an improvement from the 45 percent […]
Boyd Group Reports Sales Down Over 25% in Second Quarter Due to Pandemic
Same store sales down 33% compared to last year. Boyd Group Services Inc. (TSE: BYD) today announced sales decreased by 25.5% to CA$426.5 million ($321.6 million) in the second quarter ended June 30 from CA$572.5 million ($431.7 million) in the same period of 2019, including same-store sales decreases of 33.0%, which was negatively impacted by […]
Universal Technical Institute Reports Fiscal Third Quarter of Revenue Down 31%
Universal Technical Institute, Inc. (NYSE: UTI), the provider of transportation technician training, reported revenue of $54.5 million for its fiscal third quarter ended June 30, down 31% from the prior year quarter reflecting timing of students returning from leave of absence (LOA) and overall student progression through make-up labs. The company reported new student starts […]
Over 900 High-School and Post-Secondary School Instructors Participate in ASE Virtual Training Conference
The ASE Virtual Instructor Conference was a huge success as over 900 instructors from across the country participated in the sold-out event. The conference was developed and conducted for high school and post-secondary instructors from automotive, truck and collision repair programs nationwide. “We could not be happier with our first virtual training conference,” said Mike […]
Jacob Welch Joins LKQ Board of Directors
LKQ Corporation (NASDAQ: LKQ) announced that it has appointed Jacob H. Welch of ValueAct Capital to its Board of Directors effective today. Joseph Holsten, Chairman of LKQ Corporation stated, “We are delighted to welcome Jake to LKQ’s Board. Jake’s investment management track record and public market experience will further complement the diverse skills and experience […]
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