Firm formed by Searchlight Capital Partners and Opus CEO controls more than 90% of the publicly-traded shares. Ograi BidCo AB announced it now controls of more than 90 per cent of the shares in Opus Group AB (publ) and is seeking a delisting of the firms share and initiate a compulsory redemption of the remaining […]
CSN Adds Collision Repair Facility to Network in Calgary
CSN has announced that CSN Autolab in Calgary, Alberta, Canada is the latest collision repair facility to join its network. The leadership team at CSN Autolab consists of three childhood friends whose relationships date back to elementary school. CSN Autolab CEO, Ryley Churchill, got his start in the collision repair industry as a detailer fresh […]
Copart Announces Senior Leadership Appointments
Copart, Inc. (NASDAQ:CPRT) announced the appointment of three new members to its senior executive leadership team including Chief Operating Officer Steve Powers, Chief Marketing and Product Officer Scott Booker, and Chief Financial Officer John North. All three executives will work from Copart’s global headquarters in Dallas, Texas and will report to Copart President Jeff Liaw. […]
Pennsylvania Towing Company Owner Among More than Dozen Charged with Conspiring to Commit $24 Million PPP Loan Fraud
A Florida recording artist and a Pennsylvania towing company owner have been charged for their alleged participation in a scheme to file fraudulent loan applications seeking more than $24 million in forgivable Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Diamond […]
Wesco Group Acquires Sacramento Distributor
The PBE distributor now has 71 stores in the western U.S. and Canada. The Wesco Group, the paint, body and equipment distributor in the western U.S. and Canada, is announced that Jim’s Color Corner has joined the Wesco family of companies. Jim’s Color Corner has been serving customers in the Sacramento area since 1959. “We […]
Industrial Finishes & Systems Opens Distribution Center in California
Industrial Finishes & Systems Inc. announced the opening of a distribution center in Escondido, California. “Escondido is a very strategic market from both a geographic and business standpoint. Escondido’s position just south of our current California locations allows us to provide exceptional service to customers in the area. We look forward to bringing our broad […]
IAA Opens New Location in Los Angeles Market
IAA, Inc. (NYSE: IAA) announced a new branch location in the Los Angeles, California market. Increasing IAA’s significant footprint in the area, this new location will serve the expanding needs of local selling clients. “The new IAA Los Angeles South branch provides needed additional storage inventory space in this key market,” said Tim O’Day, President […]
Root Insurance Parent Files for Proposed Initial Public Offering
Root, Inc., the parent company of Root Insurance Company, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not […]
Mitchell Cloud Estimating Now Available in Canada
Mitchell today announced the availability of Mitchell Cloud Estimating in Canada. Carriers and collision repairers can use the cloud-based application to write estimates from anywhere and from any Internet-enabled Microsoft Windows, Apple iOS or Google Android device—including their smartphone, tablet or laptop. Mitchell Cloud Estimating provides seamless access to integrated OEM repair procedures as the […]
2019 Fatality Data Show Continued Annual Decline in Traffic Deaths
Second quarter 2020 projections show reduced overall fatalities but confirms trend toward risky driving behaviors during coronavirus crisis. The U.S. Department of Transportation’s National Highway Traffic Safety Administration released a preview of 2019 data from the Fatality Analysis Reporting System and preliminary estimates for the first half of 2020. Alongside the release of the 2019 […]
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