Organic revenue growth for parts and services of 3.7 percent LKQ Corporation (NASDAQ:LKQ) today reported record revenue for the first quarter of 2018 of $2.72 billion, an increase of 16.1 percent as compared to $2.34 billion in the first quarter of 2017. For the first quarter, parts and services organic revenue growth was 3.7 percent […]
FinishMaster celebrates 50th Anniversary
Donates $50,000 to Collision Repair Education Foundation in celebration of milestone FinishMaster, Inc., a wholly-owned subsidiary of Uni-Select Inc. (TSE:UNS) is celebrating its 50th year in business. On April 25th, 1968, in Grand Rapids, Michigan, founder Jim White completed FinishMaster’s first transaction with the aspiration of delivering automotive aftermarket products to collision repair shops. Over […]
ASA Leadership Meets with Policymakers, Administration on Automated Vehicle Issues
Highlights the importance of independent repairer data access On April 19, ASA Chairman Roy Schnepper, and ASA President and Executive Director Dan Risley, met with key leaders in Washington, D.C., to discuss automated vehicle policy and data access. During Capitol Hill meetings, Schnepper and Risley outlined the importance of data access to independent automotive repairers. […]
Stone Point Capital Acquires Stake in Mitchell International
KKR and Elliott sell stake in collision repair and insurance technology provider Mitchell International, Inc. KKR, and Elliott Management today announced that private equity firm Stone Point Capital LLC are making an investment in Mitchell and acquiring the equity position held by KKR and Elliott Management. Financial terms of the transaction were not disclosed. The […]
AASP-MN 24th Annual Golf Outing June 19
The Alliance of Automotive Service Providers – Minnesota (AASP-MN) is inviting all collision repair and mechanical industry professionals as well as vendor suppliers to attend its 24th Annual Golf Outing, Tuesday, June 19, at Keller Golf Course in St. Paul, Minn. Over 150 AASP-MN members, employees, vendors, and insurance industry representatives are expected to enjoy […]
Axalta Presents 4th Annual Mobile Refinish Training Program in Mexico
For the fourth consecutive year, Axalta (NYSE:AXTA) presented its Axalta on Tour training program in Mexico. The program brings theoretical and hands-on training directly to automotive refinish painters at their auto body shops. Axalta on Tour was launched in 2015 to offer specialized, free training to help refinish professionals stay up-to-date with industry trends and […]
PPG Sponsors Database Enhancement Gateway
The Database Enhance Gateway (DEG) recognized PPG as its longest-standing platinum sponsor of the online collision repair industry resource for five years and counting. The ongoing financial contributions from PPG help to allow all collision repair industry professionals with access to the free service. The DEG accepts submissions from estimating system end-users, who have questions […]
Abra Acquires Five Collision Repair Centers in April
Abra Auto Body Repair of America announced the acquisition of five collision repair centers during the month of April. In Colorado, Abra added one center in Colorado Springs, located at 708 Nichols Blvd. The 6,500 sq. ft. center has seven employees, and is Abra’s fourth location in the Colorado Springs area. In New Jersey, the […]
Copart Expands in Minneapolis Market
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location near Minneapolis, located at 3737 East River Road in Fridley, Minn. “This new expansion adds twenty acres of land to support our clients in Minnesota,” said Jay Adair, CEO of Copart. “We’re proud to continue providing convenience and coverage to auto service providers and customers in […]
Innovation Group Acquires TCS Claims in UK
The Innovation Group (IG) announced that its UK business is acquiring TCS Claims (TCS) from Endsleigh Insurance Services Ltd, and starting a strategic relationship with Endsleigh for the provision of claims handling services. TCS was established by Endsleigh in 1999. The business provides a full-service claims handling capability to a number of insurers, brokers, MGAs […]
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