Car Guys Collision Repair, a Florida-based MSO, announced the acquisition of Express Paint & Body in Lakeland, Fla. This is Car Guys eleventh location in Central Florida. Express Paint & Body was opened in 1999 by Duane and Lila Duhow. When asked about the transaction, Dave Mitchell, President and CEO, commented, “Lakeland, with its proximity […]
Service King Adds Two Collision Repair Centers in Rochester, NY
Service King Collision Repair Centers announced the acquisition of Gates Automotive in Rochester, New York. As part of the deal, operations of two collision repair facilities, located at 73 Marway Circle in Rochester and 50 Thruway Park Drive in Henrietta, officially transitioned to Service King. “This is an exciting step forward in Service King’s steady […]
Service King Acquires MSO with Four Collision Repair Centers in Pennsylvania and Delaware
Service King Collision Repair Centers announced it acquired True Collision, a Pittsburgh, Pa. based multiple shop operator with three locations in the Pittsburgh market and one in Delaware. The Delaware location is the first for Service King in the state. They now operate collision repair centers in 24 states. “This is certainly a significant and […]
TechnaGlass Purchases Franchises in Ohio and Utah
TechnaGlass, the regional automotive glass repair and replacement company, reported that it has purchased the Cincinnati, Ohio and St. George, Utah franchises of TechnaGlass as part of its strategy to operate and develop company owned units. In Ohio, Joe Dills, the former TechnaGlass franchisee will remain with the company and will oversee sales and marketing […]
AkzoNobel Rejects Second Proposal from PPG
Company states proposal fails to recognize value of AkzoNobel and neglects to address significant risks and uncertainties, including extensive anti-trust concerns. AkzoNobel today announced it has rejected a second unsolicited proposal from PPG Industries Inc. to acquire AkzoNobel. According to Akzo, the proposal on March 20, fails to reflect the current and future value of […]
Boyd Group Acquires Two Collision Repair Centers in Oregon
The Boyd Group Inc. announced the March 17 opening of two Gerber-branded collision repair centers in Oregon. The centers are located in McMinnville and Newberg, Ore., about 35 miles southwest of Portland. They previously operated as True Form Collision Repair with the McMinnville location opening in 1998 and the Newberg location in 2003. “Both of […]
PPG Reported to Prepare New Bid for AkzoNobel
Bloomberg reported yesterday that its sources indicate PPG Industries Inc. is preparing a new takeover bid for Akzo Nobel NV. On March 9, AkzoNobel announced it rejected an unsolicited offer from PPG to form a combined company that AkzoNobel says undervalued its business. In response to the offer, AkzoNobel’s CEO announced the company would explore […]
AkzoNobel Rejects PPG Merger Proposal
AkzoNobel rejects unsolicited offer for merger, announces a review of strategic options for possible separation of its Specialty Chemicals business. AkzoNobel announced today that it rejected an unsolicited offer from PPG to form a combined company that AkzoNobel says undervalued its business. AkzoNobel confirmed it received an unsolicited proposal from PPG for a public offer […]
Service King Acquires Collision Repair Center in California
Torrance facility is MSOs 20th in Los Angeles market. Service King Collision Repair Centers announced the acquisition of Performance Paint and Body located at 3011 Lomita Blvd. in Torrance, Calif. The store is Service King’s 20th location in the greater Los Angeles area. “This is yet another step in our mission to be the collision […]
LKQ Finalizes Sale of OEM Glass Manufacturing Business
LKQ Corporation (LKQ) yesterday announced that it has completed the previously announced agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro, S.A.B. de C.V., a glass manufacturer based in Mexico. The sale price was $310 million, subject to potential post-closing purchase price adjustments. As […]
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