Penfund, the Toronto, Canada-based provider of junior capital to middle market companies in the US and Canada, announced it completed of a $150 million second lien debt investment in Caliber Collision Centers as part of a small club of lenders providing a $600 million second lien credit facility. The proceeds of this facility, together with […]
Caliber and Abra Merger Closes
Combined company operates more than 1,000 collision repair centers in 37 States and District of Columbia. Caliber Collision Centers and Abra Auto Body Repair of America today announced the closing of their merger that was announced in December. “Caliber and Abra have very similar leadership philosophies and cultures. Combining these two world-class organizations will allow […]
Legacy Autobody Group Adds Two Collision Repair Centers in Pennsylvania
Legacy Autobody Group announced they have added collision repair centers in Kutztown and Stroudsburg, Pa. to bring their total number of locations to six in eastern Pennsylvania. The 9,000 square foot collision repair center in the Kutztown market is located at 15827 Kutztown Road (Route 222) in Maxatawny, Pa. The facility was acquired on December […]
Boyd Group Acquires Collision Repair Center in Arizona
The Boyd Group Inc. announced the January 11, acquisition of a collision repair center in Peoria, Ariz. This location previously operated as Lake Pleasant Collision Center, servicing customers in the community since 2009. Peoria is a northwestern suburb of Phoenix, with a population of approximately 155,000 people and is listed in the “Top 100 Places […]
Boyd Group Acquires Heavy Duty Collision Repair Center in South Carolina
The Boyd Group Inc. announced the January 9 opening of a Gerber collision repair location specializing in the repair of large commercial vehicles, semi trucks, buses and recreational vehicles in Cayce, S.C. This location previously operated as Bob Johnson’s Body Shop and has operated in the market for 45 years. The acquisition marks the Boyd […]
Safelite Acquires Glasspro
The Safelite Group, the vehicle glass services company and owner of Safelite AutoGlass announced the acquisition of Glasspro, Inc. The transaction was completed at the close of business January 4. Glasspro is an independent auto glass repair and replacement company founded in 1995 by Paul Heinauer, a well-respected leader in the industry and pillar of […]
PPG Acquires Automotive OEM Coatings Manufacturer Hemmelrath
PPG (NYSE:PPG) today announced an agreement to acquire automotive coatings manufacturer Hemmelrath. The transaction is expected to close in the first half of 2019, subject to customary closing conditions. Financial terms were not disclosed. “We are excited to add Hemmelrath to our robust and diversified automotive coatings offering. This acquisition is another step forward in […]
Boyd Group Acquires Collision Repair Center in Arizona
The Boyd Group Inc. today announced the December 28 opening of a Gerber collision repair location in Lake Havasu City, Ariz. This location previously operated as Sofia’s Auto Body. Lake Havasu City is located on the shores of Lake Havasu and brings approximately 750,000 visitors to the area annually. Lake Havasu is located approximately 200 […]
Department of Financial Services Approves Plymouth Rock Acquisition of MAPFRE New York Subsidiary
Approval allows Plymouth Rock to continue its expansion into New York market. New York State Financial Services Superintendent Maria T. Vullo announced that the State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, […]
LKCM Headwater Investments Increases Lawson Products Stake to 48%
Lawson Products, Inc., (NASDAQ:LAWS) a distributor of products and services to the MRO marketplace, announced that an affiliate of LKCM Headwater Investments, the private equity arm of Luther King Capital Management, has agreed to acquire the remaining 1,713,787 shares of Lawson Products common stock owned by Dr. Ronald Port and James Errant, both members of […]