Combined group will have nearly 20% of UK auto insurance market, operate 47 collision repair centers. Aviva announced yesterday the completion of its £3.7 billion ($5.03 billion) acquisition of Direct Line Group (DLG) to become the United Kingdom’s largest auto and home insurance company. Amanda Blanc, Group Chief Executive Officer, Aviva plc said, “The completion […]
AkzoNobel to Sell AkzoNobel India to JSW Group
Akzo Nobel N.V. has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of approximately €1.4 billion ($1.64 billion), representing an EV/EBITDA multiple of 22x, and includes AkzoNobel’s liquid paints and coatings […]
Private Equity Firm Expands Automotive Equipment Platform With North Carolina Acquisition
Cincinnati-based Brixey & Meyer Capital (BMC) announced today it acquired Universal Distribution Group, adding the Charlotte, N.C.-based automotive equipment provider to its growing aftermarket platform. The deal brings Universal Distribution Group founder Josh Lyerly’s company under BMC’s umbrella while allowing Lyerly to retain an ownership stake and continue leading the business. Financial terms were not […]
Classic Collision Acquires Repair Facility in Alabama
Classic Collision, LLC announced the acquisition of Advanced Collision of Semmes, Inc. in Semmes, Ala. Advanced Collision of Semmes is a locally owned and operated auto body repair that has operated for over 23 years. Classic Collision, founded in 1983 in Atlanta, Georgia, operates 339 collision repair facilities nationwide.
Driving Force Collision Expands Into Northeast With 3-Store New York Acquisition
Driving Force Collision has acquired Precision Auto Works of LIC, a three-location collision repair company serving New York City and Long Island markets, according to advisory firms that handled the transaction. The acquisition, finalized in November 2024, marks Driving Force’s first expansion into the Northeast region. The deal was announced this week after what the […]
Motor Trades Association Concerned Proposed IAG-RAC WA Alliance Threatens Future of Australia’s Independent Motoring Club Insurance
The Motor Trades Association of Australia (MTAA) has condemned Insurance Australia Group’s (IAG) proposed strategic alliance with RAC WA, warning that this move—alongside proposed acquisitions of RACQ and RAA Insurance—marks the beginning of the end for locally owned, motoring club-based insurance in Australia. According to the MTAA, if approved by the Australian Competition and Consumer […]
BASF Reported to Start Process to Sell Coatings Business
Sale expected to attract interest from other coatings companies along with private equity firms. BASF is reported to have started the process to sell its coatings business that could value the business unit at €6 billion ($6.8 billion) that produces automotive OEM and refinish coatings along with decorative paints. As CollisionWeek reported in February, BASF […]
Wren’s Collision Groups Acquires Repair Facilities in Georgia and Alabama
Wren’s Collision Group announced the acquisition of two Ray’s Collision repair facilities, including its first location in Alabama. Effective June 1, Wren’s acquired Ray’s Collision of Auburn in Auburn, Ala. and Ray’s Collision of Columbus in Columbus, Ga. that will maintain their current brand and operate as a division of Wren’s Collision Group. With the […]
PGW Auto Glass Acquires 13 Dakotaland Autoglass Locations
PGW Auto Glass, LLC announced that it has acquired Dakatoland Autoglass, the independent distributor of automotive replacement glass, paint and related supplies in the Upper Midwest. Based in Sioux Falls, S.D., Dakotaland operates 13 locations in South Dakota, North Dakota, Minnesota, and Iowa. The acquisition was effective as of the close of business May 30. […]
Travelers to Sell Canadian Insurance Operations to Definity for $2.4 Billion
Transaction includes Travelers’ personal lines and most commercial insurance operations. The Travelers Companies Inc. will sell most of its Canadian insurance operations to Definity Financial Corporation for approximately CA$3.3 billion ($2.4 billion), the companies announced May 27. The transaction includes Travelers’ personal insurance business and the majority of its commercial insurance operations in Canada. Travelers […]
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