Fix Auto Luton and its co-owner Mo Givian are celebrating after winning four major awards during the 2019 Fix Auto UK Building on Success National Conference Awards Dinner. In front of a record number of delegates, insurer guests and suppliers at the prestigious Silverstone Wing venue at the home of British motor-racing, the Bedfordshire repairer […]
Focus Advisors Launches Specialized Collision Repair Industry Investment Banking Services
FOCUS Advisors, an independent investment banking practice, has been launched by Managing Director David Roberts. FOCUS advises collision industry entrepreneurs seeking capital, partners or representation in an M&A transaction. “Change is accelerating. In just the last 12 months we’ve seen Caliber and ABRA merge, Joe Hudson’s gain an aggressive private equity investor, and over 20% […]
Susan Sell Appointed Chief Financial Officer at Snapsheet
Snapsheet announced today the appointment of Susan Sell to Chief Financial Officer. In this role, Sell will lead the accounting and finance functions for the growing insurtech. Sell brings more than 20 years of experience in finance, with a focus on high-growth companies, in the technology and professional services industries. Most recently, she served as […]
AASP/NJ Annual Meeting Features Member Achievement Awards
During its October 17 Annual Meeting at Gran Centurions in Clark, N.J., the Alliance of Automotive Service Providers of New Jersey (AASP/NJ) conducted a special awards ceremony recognizing many longtime members, held its Board of Directors election and heard an engaging presentation by keynote speaker Danny Gredinberg, administrator of the Database Enhancement Gateway (DEG). Re-elected […]
Enterprise Holdings Reports Record Revenue for 10th Consecutive Year
Generating worldwide revenue of $25.9 billion in fiscal year 2019 (FY2019), Enterprise Holdings, Inc. and its affiliate Enterprise Fleet Management achieved record revenue for the tenth consecutive year. “The strength of Enterprise Holdings – the car rental business as well as the adjacent business lines – is a testament to employees’ unwavering focus on offering […]
AAA Foundation Reports Number of Licensed Teen Drivers on the Rise
More teens are obtaining their license before the age of 18. More than 60% of teens got their driver’s license before the age of 18, according to new research from the AAA Foundation for Traffic Safety. An 11% increase since 2012. The new report reveals a changing trend in teen licensure from when the Foundation […]
U.S. Army and General Motors Collaborate on Automotive Cybersecurity
Engineer exchange program focuses on vehicle penetration testing and risk analysis. The U.S. Army CCDC Ground Vehicle Systems Center (GVSC) and General Motors announced a new cooperative research and development agreement (CRADA) which aims to strengthen GM’s and the Army’s automotive cybersecurity expertise over the next two years. This marks the first automotive cybersecurity partnership […]
Jerome Grant Named CEO at Universal Technical Institute
Succeeds Kimberly McWaters who will retire October 31. Universal Technical Institute, Inc. (NYSE: UTI) announced that Kimberly J. McWaters has advised the Board that she will retire as Chief Executive Officer effective October 31. McWaters will continue to serve on the Board of Directors as a non-executive director. Jerome A. Grant, the company’s Executive Vice […]
NOAA Winter Outlook Projects Warmer than Average Temperatures for Much of U.S.
The winter outlook predicts more precipitation in the North, drought improvement expected in the Southeast. Warmer-than-average temperatures are forecast for much of the U.S. this winter according to NOAA’s Climate Prediction Center. Although below-average temperatures are not favored, cold weather is anticipated and some areas could still experience a colder-than-average winter. Wetter-than-average weather is most […]
One Equity Partners Acquires MEDCO
One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the acquisition of MEDCO, from Essendant, Inc. in a corporate carve-out transaction. Financial terms of the transaction were not disclosed. Medco is a wholesale distributor of automotive aftermarket tools and collision repair products, serving both traditional distribution and mobile tool […]
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