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Kennealy Acquires Las Vegas Collision Repair Center

December 10, 2015 By CollisionWeek Editor

Dennis Kennealy, longtime industry veteran, recently acquired Collision Masters – Las Vegas. Kennealy and Las Vegas collision shop owner, Bob Dresser have teamed up to own and operate the first of a planned 2-5 collision repair facilities centered in the Greater Las Vegas market that will operate under the Collision Masters brand. After years of […]

Filed Under: News Tagged With: Acquisitions, Collision Masters, Las Vegas, Nevada

Small Business Optimism Collapses in November after Three Stagnant Months

December 10, 2015 By CollisionWeek Editor

NFIB Small Business Optimism Index November 2015

NFIB Small Business Optimism Index dropped 1.3 points to 94.8 The National Federation of Independent Business (NFIB) Index of Small Business Optimism fell 1.3 points in November, dropping the Index to 94.8, this after three months of no change of any significance. The index remains well below its 42 year average signaling a a “plodding” […]

Filed Under: News Tagged With: National Federation of Independent Business, NFIB, Small Business Optimism

Last Call for Most Influential Women Award Nominations

December 10, 2015 By CollisionWeek Editor

Nominations for the Women’s Industry Network (WIN) prestigious Most Influential Women Awards close on Thursday, December 31. The winners will be recognized at a Most Influential Women gala held during the 2016 WIN Educational Conference, May 2-4, 2016 at the Hilton Tampa Downtown in Tampa, Fla. Nominations of women working in any segment of the […]

Filed Under: News Tagged With: Most Influential Women Award, WIN, Women's Industry Network

Christopher Iu Named Acting Insurance Fraud Prosecutor

December 10, 2015 By CollisionWeek Editor

Christopher Iu was named New Jersey's Acting Insurance Fraud Prosecutor.

Acting Attorney General John J. Hoffman announced the appointment of Christopher Iu to be the state’s Acting Insurance Fraud Prosecutor, replacing Ron Chillemi. Iu, 37, joined the Attorney General’s Office in 2011, serving first as Special Assistant and later as Deputy Chief of Staff to the Attorney General. Chillemi is going to work this week […]

Filed Under: News Tagged With: Insurance Fraud, New Jersey

NHTSA Includes Crash Avoidance Rankings in Proposed Upgrades to its 5-Star Safety Ratings

December 9, 2015 By CollisionWeek Editor

Plans include a new crash test, new dummies, as well as crash-avoidance system ratings to the government’s vehicle safety ranking program. The U.S. Department of Transportation today proposed high-tech changes to the National Highway Traffic Safety Administration (NHTSA) 5-Star Safety Rating program for new vehicles. The planned changes will improve on the well-known safety ratings […]

Filed Under: News Tagged With: 5-Star Crash Rating, National Highway Traffic Safety Administration, NHTSA, Regulation

Carlyle Group Completes Acquisition of Innovation Group

December 9, 2015 By CollisionWeek Editor

The Carlyle Group (NASDAQ: CG) last week announced the successful acquisition of Innovation Group (LON: TIG) for £500 million ($689 million). Originally announced in September, capital for the acquistion came from Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. Further terms of the transaction were not disclosed. Founded in 1996 and […]

Filed Under: News Tagged With: Acquisitions, Carlyle Group, Innovation Group

AASP-MN Announces Annual Meeting, Leadership Conference in April

December 9, 2015 By CollisionWeek Editor

The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced its Annual Meeting and Leadership Conference will be held April 14, 2016, at the Ramada Plaza Hotel, 1330 Industrial Blvd., Minneapolis, Minn. This year’s event, with a theme to “Lead the Way,” offers a line-up of seminars that are specifically geared for mechanical and collision […]

Filed Under: News Tagged With: AASP, AASP-MN, Alliance of Automotive Service Providers, Annual Meeting

Single Source Adds Chris Northup to Advisory Board

December 9, 2015 By CollisionWeek Editor

Single Source, Inc., the distributor of PPG automotive refinish products, announced that Christopher Northup has joined its Advisory Board. Northup arrives with a host of experience and knowledge from over 32 years of involvement in the collision repair and refinish industry. His senior executive experience with both private and publically traded companies provides a unique […]

Filed Under: News Tagged With: PBE Distributor, People, PPG, Single Source Inc.

FinishMaster Acquires Refinish Solutions

December 8, 2015 By CollisionWeek Editor

Uni-Select Inc. (TSE:UNS), the distributor of automotive products in Canada and parent of FinishMaster, Inc., announced today that FinishMaster has entered into an agreement to acquire two distributor locations from Aquia Auto Parts, Inc., that does business as Refinish Solutions in Virginia and Washington, D.C. The transaction is subject to customary closing conditions and is […]

Filed Under: News Tagged With: Acquisitions, FinishMaster, PBE Distributor, Uni-Select

Guild 21 Conference Call Thursday Features American Honda

December 8, 2015 By CollisionWeek Editor

The next Guild 21 conference call takes place Thursday, December 10 at 11:00 a.m. PST (2 p.m. EST) and will feature Chris Tobie and Gary Ledoux from American Honda Motor Corp. Tobie and Ledoux will provide a technical update on collision repair for Honda and Acura vehicles including information on locations of Ultra-High Strength Steel, […]

Filed Under: News Tagged With: American Honda Motor Company, Guild 21, Honda, VeriFacts Automotive

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