Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today confirmed that it has received an unsolicited, non-binding offer from Upstate Shredding, LLC to acquire all of the outstanding shares of common stock of Fenix Parts. The non-binding offer was received outside of the company’s previously announced strategic alternatives process, which is being managed by Stifel. […]
Universal Technical Institute Launches Free Summer Training Program for High School Juniors
Universal Technical Institute (NYSE:UTI) is launching “Ignite,” a free summer program to train high school juniors in fundamental transportation technician skills including collision repair. Participating students receive intensive, hands-on training and are prepared for testing to receive UTI course credit once enrolled. Ignite will be offered at each of UTI’s 12 campuses nationwide. “There is […]
Nagy’s Celebrates Grand Opening at New Orrville, Ohio Office and Estimating Center
Nagy’s Collision Centers recently announced it celebrated the grand opening of its new facility in Orrville, Ohio on Friday, February 2. The new center, located at 1793 North Main St., will house the company’s corporate offices, an Estimating Center and an Enterprise Rental Center. The grand opening event had over 130 guests attend the celebration, […]
Collision Safety Consultants Adds 8 Locations
Collision Safety Consultants, the provider of diminished value and post collision repair inspections for consumers announced it has added eight new locations. According to Billy Walkowiak, founder and CEO of Collision Safety Consultants, they now have 12 locations in the U.S. and two international locations. The new locations include: Collision Safety Consultants Of Southern Arizona, […]
CAPA Certified Collision Repair Parts Program Grows 19% in 2017
Adds six new manufacturers to program The Certified Automotive Parts Association (CAPA) reported that it saw across the board increases in the number of CAPA Certified parts available to the U.S. market during 2017. Based on distribution of its unique yellow and blue CAPA Quality Seal, manufacturers have increased seal requests by 19 percent over […]
2018 Winter Olympic Athletes Sport Axalta Coatings
Axalta Coating Systems (NYSE:AXTA) has worked behind the scenes to provide coatings that are designed to protect and beautify ski equipment at the Winter Olympics taking place in Pyeongchang County, South Korea. This is not the first time Axalta’s coatings have proved themselves at a global sporting event. Last year, many of the skiers at […]
Enterprise Foundation Donates $20 Million to Help Fight Hunger
The Enterprise Rent-A-Car Foundation has now donated $20 million to food banks around the world as part of one of the largest donations aimed at fighting hunger. The program, known as Fill Your Tank, is a companywide initiative launched in October 2016 to celebrate Enterprise’s 60th anniversary by providing a total of $60 million to […]
ASA Calls for Opposition to Missouri Anti-Vehicle Safety Inspection Legislation
According to the Automotive Service Association (ASA) on February 7, the Missouri House Transportation Committee held a hearing to address House Bill (HB) 1444 that would repeal Missouri’s vehicle safety inspection program. ASA opposes HB 1444 and encourages all interested parties in Missouri to visit the alerts section of TakingTheHill.com to contact their state representatives […]
A.M. Best Projects Property/Casualty Insurance 2017 Underwriting Loss of $29 Billion
A.M. Best expects the U.S. property/casualty (P/C) industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. As a result, the industry 2017 combined ratio is estimated to deteriorate to 105.1 from 100.9 in the previous year, according to A.M. Best’s 2018 Review/Preview special report on the P/C industry. The […]
Industry Veteran Seeks Input for Collision Repair Industry History Book
Gary Ledoux, industry veteran and former OEM program administrator, and now a freelance collision industry journalist announced the launch of his new website, designed to support Ledoux’s forthcoming book, “YesterWreck: The History of the Collision Industry in America.” The site was created and is managed by Optima Automotive of Batavia, Ill. Ledoux’s book will […]
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