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Private Equity Firm Combines JN Phillips Auto Glass and TechnaGlass to Form TruRoad Holdings

March 1, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, JN Phillips Auto Glass, Private Equity, TechnaGlass, TruRoad Holdings

BASF Launches New Resource-Saving Refinish Product Line in Europe

March 1, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: BASF, Europe, Refinish

California DMV Targets Unlicensed Vehicle Dismantlers in Los Angeles County

March 1, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: California, Dismantlers

Fenix Parts Acquired by Stellex Capital Management

February 28, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Fenix Parts, Private Equity, Stellex Capital Management

Erin Cambero Named VP Field Services at Repairify

February 28, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: asTech, People, Repairify

AMi Adds Continuing Education Requirement to Maintain Designations

February 28, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Automotive Management Institute

Mike’s Auto Body Opens Aluminum Repair Annex in San Ramon, California

February 28, 2018 By CollisionWeek Editor

Mike's Autobody logo

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 […]

Filed Under: News Tagged With: California, Mike's Auto Body, Openings

GEICO Plans to Add 1,400 IT and Claims Positions in Indianapolis

February 28, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: GEICO

Car-O-Liner Distributor Opens Training Center in Middle East

February 27, 2018 By CollisionWeek Editor

AKA Group Training Center Grand Opening

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 […]

Filed Under: News Tagged With: AKA Group, Car-O-Liner, Middle East, Openings, Saudi Arabia, Training Center

Boyd Group Acquires Collision Repair Center in Colorado 

February 27, 2018 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, Colorado

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