Industry veteran brings experience in digital transformation, insurance and financial services. CCC Intelligent Solutions Inc. (NASDAQ: CCCS) has appointed Tim Welsh as President, expanding its executive leadership team. Welsh will oversee market-facing functions, bringing experience from leadership roles at U.S. Bank and McKinsey & Company. Welsh most recently served as Vice Chair of Consumer and […]
Scott Gerling Promoted to Chief Development Officer at Classic Collision
Classic Collision announced the promotion of Scott Gerling to Chief Development Officer. Since joining the company in 2019 as Executive Vice President of Mergers and Acquisitions, Scott has been a driving force behind Classic Collision’s growth, helping expand its footprint from 26 regional locations to over 300 nationwide. Gerling’s strategic vision, leadership, and expertise in […]
Brian Driehorst Named CEO of Plasnomic to Lead Global Collision Repair Industry Plastic Repair Standards Initiative
Plasnomic has named Brian Driehorst as CEO, tasking him with leading the organization’s efforts to establish global standards for plastic repair in the collision repair industry. Driehorst brings experience in collision repair, supply chain management, and auto insurance claims. He will oversee Plasnomic’s mission to develop certification programs and compliance frameworks aimed at standardizing plastic […]
Rotunda Capital Partners Acquires AirPro Diagnostics
Rotunda Capital Partners announced it has acquired AirPro Diagnostics, the provider of remote and on-site Advanced Driver Assistance System (ADAS) diagnostics, scanning, programming and calibration solutions for the automotive, glass and collision repair industries. The partnership, formed in collaboration with existing management, will accelerate AirPro’s growth trajectory and broaden its reach to meet the market’s […]
Driven Brands Reports 2024 Revenue of $2.3 Billion
Announces CEO transition and car wash business sale. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent of CARSTAR and MAACO, announced its fourth quarter and full-year 2024 financial results on February 25, while also revealing plans for a CEO transition and the sale of its U.S. car wash business. For 2024, Driven Brands delivered revenue […]
B&R Auto Acquired Highway 64 Truck and Auto Salvage in New Mexico
Expands its network footprint across the Western U.S. B&R Auto, a portfolio company of Highview Capital, LLC, today announced the acquisition of Highway 64 Truck and Auto Salvage in Farmington, N.M. This acquisition further expands the B&R Western U.S. network into the state of New Mexico and across the entire Southwestern U.S., reaching into the […]
AAA Reports Fear of Self-Driving Vehicles Persists
Drivers say they want better vehicle safety systems over self-driving cars. According to AAA’s latest survey on autonomous vehicles, 13% of U.S. drivers would trust riding in self-driving vehicles – an increase from last year, when this number was 9%. Despite this slight increase, 6 in 10 U.S. drivers still report being afraid to ride […]
Empire Auto Parts Scholarship Applications Open
Empire Auto Parts has announced the continuation of its Scholarship Fund for the second year. This initiative awards two scholarships to students enrolled in post-secondary collision repair programs in underserved communities within Empire’s market. The fund, created in recognition of Black History Month, is administered by the TechForce Foundation. More information and a scholarship application […]
GEICO Reports 7.7% Rise in Premiums Written for 2024
Collision claims frequency down 8-9 percent compared to 2023. Berkshire Hathaway reported its 2024 earnings on Feb. 22, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $7.813 billion in 2024, up $4.178 billion, or 114.9 percent, from $3.635 billion in 2023. The improvement […]
BASF to Sell Brazilian Decorative Paints business to Sherwin-Williams for $1.15 Billion
Will explore strategic options for remaining coatings activities in second quarter including automotive OEM and refinish. BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured […]
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