Rock Gate Partners announced the acquisition of American Industrial Direct, which does business as Auto Body Toolmart, by its Whitewater Brands platform, owned in partnership with Peninsula Capital Partners. Auto Body Toolmart, based in Elgin, Ill., is a manufacturer and distributor of equipment, tools and supplies to collision repair shops, technical schools and automotive enthusiasts. […]
Mike’s Auto Body Acquires 16th Collision Repair Center in Alameda, Calif.
Mike’s Auto Body announced it opened its 16th location in Alameda, Calif. A strategic move, this 13,000 sq. ft. facility will employ 13 people and will be managed by Lester Branson, with Kristen Story as the shop’s new office manager. The facility, formerly known as Alameda Classic Collision Center, was opened in 2007 by CJ […]
KPA Acquires Environmental Risk Management & Safety
Acquisition complements KPA’s collision repair and auto dealer markets KPA Services, LLC announced the acquisition of Environmental Risk Management & Safety, Inc. (ERS). The acquisition closed on March 29. The transaction strengthens KPA’s position as a provider of environmental, health and safety (EHS) Risk Management services to the automotive market. KPA provides cloud-based EHS Risk […]
Blackstone to Acquire Australia-Based AMA Group’s Collision Repair Business for $395 Million
Private equity firm also owns Service King Collision Repair Centers Australia’s AMA Group (ASX:AMA) announced today that it will sell its collision repair business to the U.S. private equity firm Blackstone for AU$508 million ($395.4 million) and spin off its automotive component and accessory (ACAD) business into a new company that will remain listed on […]
Investcorp Acquires Aftermarket Collision Repair Parts Distributor KSI Trading Corp
Investcorp announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket collision repair parts in the U.S. The terms of the transaction were not disclosed. Founded in 1984, KSI services over 10,000 collision repair shop customers across 25 locations in 14 states. Headquartered in South Plainfield, New Jersey, KSI has over 600 […]
Fenix Parts Stockholders Approve Merger Agreement
Fenix Parts, Inc. (Pink Sheets:FENX) announced that its stockholders approved the previously announced merger agreement with Stellex Capital Management LP at a special meeting of stockholders held earlier April 9. According to the company, approximately 92 percent of voting Fenix Parts stockholders cast their votes in favor of the merger, representing approximately 63 percent of […]
Painters Supply Acquires Distributor with Nine Locations in Georgia and Alabama
Acquisition of ACS of Georgia marks PSE entry into Southeastern U.S. Painters Supply & Equipment Co. (PSE) announced it has acquired ACS of Georgia (ACS). The acquisition adds nine locations in Georgia and Alabama, and expands PSE’s market reach into the Southeastern United States. ACS, based in Metro Atlanta, is the largest PPG Platinum Distributor […]
Car Guys Collision Repair Acquires 14th Location in Inverness, Florida
Car Guys Collision Repair, the Florida based MSO, announces the acquisition of Collision Tech of Citrus County. The newly acquired collision repair center is Car Guys Collision Repair’s 14th location in Florida. Collision Tech of Citrus County was owned by Bob and Bonnie Alexander. DJ Mitchell, Vice President of Operations, said, “Opening up in Inverness […]
Plymouth Rock Assurance Will Enter New York Auto Insurance Market with Acquisition
Acquisition of 21st Century National Insurance Company approved by New York State New York State Financial Services Superintendent Maria T. Vullo announced that the New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation and Plymouth Rock Group of Companies to acquire 21st Century National Insurance Company (National) […]
AkzoNobel Sells it Specialty Chemicals The Carlyle Group and GIC for $12.5 Billion
AkzoNobel today announced the sale of its Specialty Chemicals business to private equity firm The Carlyle Group and GIC Pte. Ltd., Singapore’s sovereign-wealth fund, for €10.1 billion ($12.5 billion). The sale, part of the plan announced last spring, to split the company into two units with one focusing on Paints and Coatings, and the other Specialty […]