Universal Technical Institute, Inc. (NYSE:UTI), the provider of technician training for the auto, diesel, motorcycle, marine and collision repair industry, has entered into an agreement to sell 700,000 shares of Series A 7.5% convertible preferred stock to Coliseum Holdings I, LLC, an affiliate of Coliseum Capital Management for $70 million. Each share of preferred stock […]
Copart Expands Houston Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its location in Houston, Texas. “For Copart, the saying of, ‘everything is bigger in Texas’ rings true for us, especially this year. Expanding our Houston location is just one of many indications of our growth in this great state,” said Jay Adair. “We have been headquartered in Dallas […]
I-CAR Details NACE Demonstrations and Classes
The Inter-Industry Conference on Auto Collision Repair (I-CAR) released details of its NACE | CARS 2016 Expo & Conference lineup of demonstrations and training classes. Those attending the expo in Anaheim, Calif. in August will have the opportunity to experience I-CAR classes, see live demonstrations and hear presentations by industry experts on the I-CAR Main […]
IIHS Concerned Vehicles with Good Driver-Side Crash Protection May Leave Passengers at Risk
Small overlap crash testing by the Insurance Institute for Highway Safety shows differences in performance on some small SUVs. Institute considering adding passenger-side performance to Top Safety Pick criteria. A new study by the Insurance Institute for Highway Safety (IIHS) shows that good crash protection for drivers does not always extend to front seat passengers. […]
David Henderson, Founder of AutoWatch, Passes Away
David Henderson, founder of AutoWatch, passed away June 20 at 62 years of age. Henderson, an active member of the collision repair industry at a national level, began his career as a collision repair technician at a dealership body shop. His love of computers led to his interest in the internet and how it could […]
Caliber Acquires Seven Location MSO in Philadelphia
Caliber Collision Centers has acquired seven Collision Care Auto Body Centers serving the greater Philadelphia, Pa. market. The acquisition adds Val Fichera, Collision Care’s CEO and Body Shop Business’ 2015 MSO Collision Repair Executive of the Year, along with his management staff to the Caliber team. “It’s exciting to take the next step with the […]
Classic Collision Opens 18th Georgia Collision Repair Center
Classic Collision Inc. has added an 18th location in the north Georgia Market with the addition of its newest collision repair center in Cumming, Ga. Cumming is located 45 miles Northeast of Atlanta. The new Cumming location employs 10 people making Classic Collision an employer of over 500 people across its organization. Manfred Kammerer, the […]
Texas Auto Body Trade Show Scheduled for September 16-17
The Texas Auto Body Trade Show and Education Days, hosted by the Auto Body Association of Texas (ABAT), will be held September 16 and 17th at the Doubletree Hotel in Richardson, Texas in the Dallas area. This is the first major collision industry show to be held in Texas since the NACE show was held […]
New York Collision Repair Shop Owner Pleads Guilty to Underreporting Sales Tax
Brooklyn shop owner will pay $259,000 in restitution for underreporting sales from 2010 through 2015. Attorney General Eric T. Schneiderman and Department of Taxation and Finance Commissioner Boone announced June 16 the guilty plea of John Sbrigato, the owner of Brighton Collision, Inc., in Brooklyn, N.Y., for committing sales tax fraud. Sbrigato pleaded guilty in […]
AMi Launches Expanded Management Education Program
Will offer collision repair customer service certificates and professional designations for office manager, general manager and master general manager. The Automotive Management Institute (AMi) announced the launch of the “next generation of AMi.” This includes six new front office and management certificates and professional designations, access to more than 100 relevant online courses, career paths, […]
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