PartsTrader will remain an open platform operating as an independent entity. Enlyte has agreed to acquire PartsTrader, the parts procurement marketplace, the company announced Dec. 18. PartsTrader will become a wholly owned subsidiary of Enlyte and continue operating as an independent entity alongside Mitchell’s Auto Physical Damage division. Both Mitchell and PartsTrader will remain open […]
AutoNation Acquires Baltimore Toyota Dealership
AutoNation Inc. has acquired Jerry’s Toyota from Jerry’s Automotive Group in Baltimore, renaming the store AutoNation Toyota White Marsh. The dealership generates approximately $123 million in annual revenue and sells about 2,600 new and used vehicles annually, according to AutoNation. The acquisition gives AutoNation its 20th Toyota store nationwide and its first Toyota dealership in […]
AkzoNobel Completes $1.65 Billion Sale of India Liquid Paints Business to JSW Group
Akzo Nobel N.V. has completed the previously announced sale of Akzo Nobel India Limited to JSW Group, one of India’s largest diversified conglomerates. The transaction, based on an enterprise value of approximately €1.4 billion ($1.65 billion), represents an EV/EBITDA multiple of 25x. The deal includes AkzoNobel’s liquid paints and coatings business in India, including the […]
Enterprise Mobility Completes Acquisition of Heavy-Duty Truck Leasing Firm
Enterprise Mobility has completed its acquisition of Hogan, a commercial transportation services provider, expanding its fleet to include Class 7 and Class 8 heavy-duty trucks. The acquisition combines two St. Louis-based, family-owned companies. Hogan operates approximately 10,000 pieces of equipment at more than 50 locations with about 3,000 employees. The company provides truck leasing, truck […]
Classic Collision Acquires 9 Location MSO with Facilities in Georgia, South Carolina
Classic Collision has acquired Kendrick Paint & Body, adding nine collision repair facilities in Augusta, Martinez and Evans, Ga., as well as Aiken, S.C. Kendrick Paint & Body, founded in 1952, was the largest family-owned collision repair network in the Central Savannah River Area. Atlanta-based Classic Collision operates 362 collision repair facilities nationwide.
LKQ Exploring Sale of Specialty Segment
LKQ Corporation (NASDAQ: LKQ) today announced that it has commenced a process to explore the potential sale of its Specialty segment. “Our Specialty segment is a leading distributor of automotive, RV and marine parts and accessories in North America. It is a strong business supported by an exceptional team. To unlock its full potential, we […]
Driven Brands to Sell International Car Wash Business to Franchise Equity Partners for $471 Million
Driven Brands Holdings Inc. announced today it has agreed to sell its international car wash business, IMO Car Wash, to private investment firm Franchise Equity Partners for €406 million ($471.2 million). The transaction, expected to close in the first quarter of 2026, includes IMO’s 720 locations primarily in the United Kingdom and Germany, with additional […]
Wesco Group to Acquire National Coatings & Supplies
Wesco Group has entered into a definitive agreement to acquire National Coatings & Supplies, the companies announced Monday. Terms were not disclosed. The acquisition combines two distributors of automotive refinish coatings and related products serving collision repair facilities across North America. According to the NCS website it has over 200 locations in 43 states. The […]
BrightPoint Auto Body Repair Acquires Complete Auto Body
Focus Advisors announced that BrightPoint Auto Body Repair acquired Complete Auto Body & Repair in St. Louis.Mo. Focus Advisors advised Complete Auto Body & Repair on the sale. BrightPoint Auto Body Repair is a multi-shop operator with locations across the Midwest. The transaction follows Focus Advisors’ representation of the same ownership group in a separate […]
AkzoNobel and Axalta to Merge in $25 Billion All-Stock Deal
Companies project $600 million in cost synergies. Combined entity to serve collision repair, OEM and industrial markets and decorative coatings. AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) and Axalta Coating Systems Ltd. (NYSE:AXTA) today announced they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $25 billion. The […]
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