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You are here: Home / Archives for Acquisitions

Universal Technical Institute Announces Purchase of Primary Buildings for Orlando Campus

March 24, 2023 By CollisionWeek Editor Leave a Comment

Universal Technical Institute (UTI), a division of Universal Technical Institute, Inc. (NYSE:UTI), announced the purchase of the three buildings it fully occupies at its Orlando, Fla. campus, which offers technician training programs in automotive, diesel, motorcycle and marine. In February 2022, UTI completed the consolidation of its UTI-Orlando and MMI-Orlando campuses into the current location, […]

Filed Under: News Tagged With: Acquisitions, Florida, Universal Technical Institute

Lift Auto Group Acquires 5 Collision Repair Centers in Alberta, Canada

March 21, 2023 By CollisionWeek Editor Leave a Comment

Lift Auto Group announced that it has significantly expanded its Alberta, Canada operations with the acquisition of Herbers Autobody comprising of five locations in the Edmonton region and one in Grande Prairie. Herbers serves the Edmonton, Grande Prairie and Leduc regions. “Lift is very excited to include Herbers Autobody in its rapidly expanding portfolio of […]

Filed Under: News Tagged With: Acquisitions, Alberta, Canada, Lift Auto Group

Classic Collision Acquires New Repair Center in Lakeland, Florida

March 20, 2023 By CollisionWeek Editor Leave a Comment

Classic Collision, LLC announced Friday the acquisition of Auto Tech Collision Center in East Lakeland, FL. The owners have been in business for over 18 years with a highly qualified team providing an outstanding repair process for their clients. “An accident can be a very unpleasant situation and we have striven to make this as […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Florida

Shareholders Approve Ritchie Bros. Acquisition of IAA

March 15, 2023 By CollisionWeek Editor Leave a Comment

Majority of shareholders approve of acquisition following proxy fight. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) and IAA, Inc. (NYSE:IAA) announced that shareholders approved the previously announced amended merger agreement between the two companies. Based on the preliminary vote count provided by its proxy solicitors following the company’s Special Meeting of Shareholders held yesterday, Ritchie Bros. […]

Filed Under: News Tagged With: Acquisitions, Insurance Auto Auctions, Ritchie Bros

CARSTAR Collision Clinic of Edmonds and Bellevue, Washington Sold to Puget Collision

March 10, 2023 By CollisionWeek Editor Leave a Comment

Focus Advisors, the M&A firm specializing in collision repair transactions, announced the sale of CARSTAR Collision Clinic in Edmonds and Bellevue, Washington to Puget Collision. The transaction represented a successful exit for owner Bruce Lingle, who started in the industry as a technician and later built his MSO for over 44 years in the Edmonds […]

Filed Under: News Tagged With: Acquisitions, Eagle Merchant Partners, Focus Advisors, Puget Collision, Washington State

Kinderhook Partners with Auto-Wares and Acquires Lafayette Warehouse

March 8, 2023 By CollisionWeek Editor Leave a Comment

Kinderhook Industries, LLC announced the recapitalization of AWI Holdings, LLC (Auto-Wares) in partnership with management. Auto-Wares is a distributor of aftermarket automotive parts to independent service centers, independent parts stores, and direct to consumer through its network of 200+ company-owned stores. Financial terms of the transaction were not disclosed. Subsequent to the recapitalization, Auto-Wares acquired […]

Filed Under: News Tagged With: Acquisitions, Auto Wares, Indiana, Kinderhook Industries

Safelite Group Acquires Mark’s Mobile Glass in Missouri

March 7, 2023 By CollisionWeek Editor Leave a Comment

The Safelite Group announced an agreement to acquire the auto glass assets of Mark’s Mobile Glass operating throughout Central Missouri. The transaction was completed on Friday, March 3. “We enjoy welcoming new team members to our business and leveraging their talents in providing the quality glass repair, replacement and recalibration services our customers expect from […]

Filed Under: News Tagged With: Acquisitions, Missouri, Safelite

Ritchie Bros. Thanks Shareholders for Support of IAA Acquisition

March 6, 2023 By CollisionWeek Editor Leave a Comment

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) on March 3 issued the following statement regarding the support it is receiving from many shareholders, including among the Company’s largest shareholders, as well as industry analysts on its acquisition of IAA, Inc. (NYSE:IAA): Vontobel Asset Management, which owns 2.15% of Ritchie Bros. shares, has joined many other Ritchie […]

Filed Under: News Tagged With: Acquisitions, Insurance Auto Auctions, Ritchie Bros

LKQ to Acquire Uni-Select for $2.1 Billion

February 27, 2023 By CollisionWeek Editor

Acquisition of FinishMaster parent complements North American refinish paint distribution operations and aftermarket automotive parts business. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE:UNS) today announced that they have entered into a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for CA$48.00 ($35.41) per share in cash, representing a total enterprise […]

Filed Under: News Tagged With: Acquisitions, FinishMaster, LKQ Corporation, Uni-Select

InsurTech Company Roadzen to Go Public Via SPAC Merger

February 15, 2023 By CollisionWeek Editor

Roadzen Inc., an insurance technology company, announces plans to become a publicly traded company via a merger with a special purpose acquisition company (SPAC) Vahanna Tech Edge Acquisition I Corp. The combined company will be listed on the Nasdaq exchange. Roadzen has built a technology platform that uses telematics, computer vision and artificial intelligence (AI) […]

Filed Under: News Tagged With: Acquisitions, Roadzen

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