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 […]
Erin Cambero Named VP Field Services at Repairify
Repairify, Inc., the parent company of asTech, announced it has named Erin Cambero Vice President of Field Services. As part of her role, Cambero will oversee the continued growth and efficiency of the company’s Field Services, a full-service mobile solution for in-shop repairs. Cambero has 20 years of experience in the automotive industry. She began […]
AMi Adds Continuing Education Requirement to Maintain Designations
The Automotive Management Institute (AMi) announced new continuing education (CE) requirements to maintain its professional designations. AMi will provide designation graduates holding one of its many professional designations until Dec. 31, 2018 to complete six credit hours of AMi-approved training to maintain a “current designation status.” After 2018, anyone holding an AMi professional designation must […]
Mike’s Auto Body Opens Aluminum Repair Annex in San Ramon, California
Mike’s Auto Body announced it recently added its second aluminum facility in San Ramon, Calif. in a 13,000 sq. ft. building that is located nearby its existing collision repair shop. In 2017, Ford sold nearly 900,000 F-Series trucks in the U.S. with bigger numbers forecasted for this year, so Mike’s is ready to deal with […]
GEICO Plans to Add 1,400 IT and Claims Positions in Indianapolis
GEICO announced plans to add more than 1,400 associates as the company grows its operations in the Indianapolis, Ind. market. The company’s office, at 101 W. 103rd St. in Carmel, Ind. will nearly double in size after an expansion that will add an additional 104,000 square-feet. With the larger space, GEICO Indianapolis will add IT […]
Car-O-Liner Distributor Opens Training Center in Middle East
Car-O-Liner announced that its distributor in the Middle East, the AKA Group, together with their new partner, Al Rajhi Takaful Insurance (ART), the largest motor vehicle insurance company in the Middle East opened their new training academy on February 24th in Riyadh, Saudi Arabia. Matthias Mueller, General Manager of AKA group operations, welcomed guests and […]
Boyd Group Acquires Collision Repair Center in Colorado
The Boyd Group Inc. announced the February 20, opening of a collision repair location in Falcon, Colo. This center was previously operated as Falcon Collision Center. This new location is situated one and a half miles west of Highway 24, 14 miles northeast of Colorado Springs and serves the rapidly growing community of El Paso […]
AutoNation Settles $3.38 Million Environmental Lawsuit with California District Attorneys
Settlement the result of District Attorneys’ undercover operations examining store waste streams. A judge in San Jose has ordered more than $2 million in civil penalties to be paid by the operators of 57 dealerships and collision repair centers in California belonging to AutoNation, the country’s largest retailer of new automobiles. The fines are part […]
State Farm Earns I-CAR Insurance Gold Class Status
The Inter-Industry Conference on Auto Collision Repair (I-CAR) announced it has awarded Insurance Gold Class business recognition at the corporate level to State Farm as its appraiser staff has completed the Platinum Auto Physical Damage Appraiser (APDA) training requirements in I-CAR’s Professional Development Program (PDP). State Farm’s Select Service Program also recognizes I-CAR’s Welding Training […]
S/P2 and ASE Education Foundation Announce Mentoring System Partnership
The ASE Education Foundation and S/P2 announced a partnership to develop and distribute The Workplace Mentoring System, a mentoring program for the automotive industry. The program is designed to help businesses identify and train service personnel to become mentors to students and entry-level employees. This program will be available to the entire industry: automotive service, […]
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