The Collision Industry Foundation (CIF) announced that its 8th annual Gala Fundraiser in Palm Springs, Calif. in January raised over $59.000 to support its Collision Industry Relief Fund. The Fund assists collision repair professionals who have lost their livelihoods from a natural disaster or other catastrophe. Most recently the fund supported flood victims in Houston/Texas […]
Australia’s AMA Group Added 14 Collision Repair Centers in First Half
Revenue Up 27.4 percent in first six month of fiscal year to December 31. Costs of Blackstone Private Equity due diligence over AU$900,000 Australia’s AMA Group Ltd. (ASX:AMA) reported its results for the first six months of its Fiscal year that ended December 31, 2017. The firm reported revenue of AU$228.356 million ($176.9 million) for […]
Subaru Launches Certified Collision Network with Wadsworth International
Wadsworth International announced its recent partnership with Subaru of America, Inc. to launch their official certified collision repair program. The vehicle manufacturer’s focus on the owner and brand experience was instrumental in ensuring the collision program had neutral partnerships, allowing the branding to remain indicative of the Subaru experience. “Wadsworth is honored to have been […]
Boyd Group Enters Texas with Acquisition of Three Collision Repair Centers in Dallas Market
The Boyd Group Inc. announced the February 23, acquisition of three collision repair centers in the Dallas, Texas market. These centers were previously operated as Earth Collision Center. This operation was founded in Carrollton in 2010.With success in this market, additional locations were opened in The Colony and Dallas, in 2012 and 2017, respectively. Carrollton […]
State Farm Reports Auto Premiums Up 7.2% in 2017 While Claim Expense Declines
Auto insurance underwriting loss narrows to 2.8 billion in 2017 The State Farm property-casualty (P-C) group of companies today reported a combined underwriting loss of $6.5 billion in 2017 on earned premium of $63.9 billion, compared to an underwriting loss of $5.5 billion on earned premium of $61.7 billion in 2016. The 2017 underwriting loss, […]
Fix Auto UK Adds Collision Repair Center to Network in Liverpool
Fix Auto UK announced its third new franchisee in less than six weeks with the addition of Crossleys Accident Repair Centre to its network. They will now operate as Fix Auto Liverpool. Owner Martin Cross, who has been repairing vehicles for the last 21 years, got the keys to the 22,000 sq ft repair center […]
Private Equity Firm Combines JN Phillips Auto Glass and TechnaGlass to Form TruRoad Holdings
CenterOak Partners LLC, a Dallas, Texas based private equity firm, announced the formation of TruRoad Holdings, Inc. through its investment in JN Phillips Auto Glass and subsequent combination with Techna Glass, Inc. According to the company together, the new firm is the second largest automotive glass and claims-management company in the United States. CenterOak’s investment […]
BASF Launches New Resource-Saving Refinish Product Line in Europe
BASF’s Coatings division announced it has launched new product lines in Europe for its Glasurit and R-M® refinish paint brands that make automotive refinishing more sustainable. According to the company they are the world’s first refinish products manufactured according to the certified biomass balance approach, therefore contributing to reduce CO2 emissions. For the biomass […]
California DMV Targets Unlicensed Vehicle Dismantlers in Los Angeles County
Strike team issues 29 citations in Sun Valley and Pacoima Investigators with the California Department of Motor Vehicles (DMV) conducted an enforcement operation in Los Angeles County on February 22, 2018, aimed at combating unlicensed vehicle dismantlers. DMV investigators targeted 40 locations in Sun Valley and Pacoima and issued 29 misdemeanor citations for offenses such […]
Fenix Parts Acquired by Stellex Capital Management
Private equity firm will pay over $8 million in cash for shares and assume $40 million in liabilities. Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today announced that it has entered into a merger agreement with the private equity firm Stellex Capital Management LP. Under the agreement, a Stellex-controlled affiliate will acquire the company […]
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