Private equity firm acquires insurance and collision repair industry software provider. CCC Information Services Inc., the software and service provider to the automotive, insurance, and collision repair industries, announced today that Advent International, a global investment firm with deep experience in the technology sector, will purchase equity assets from CCC’s previous owners Leonard Green & Partners […]
LKQ Corporation Reports Revenue Up 19.3% in Fourth Quarter
Organic parts and service revenue growth was up 4.8 percent. LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2016. Net income for the fourth quarter of 2016 was $86.3 million, a decrease of 9.2 percent compared to $95.1 million 2015. Net income for full year 2016 was […]
CCC Information Services Reportedly Up for Sale
Private equity firms reportedly exploring sale of collision repair industry information provider. CCC Information Services, Inc. may be up for sale according to an article last week by Bloomberg. Founded in 1980 and based in Chicago, Ill., CCC, once a public company, taken private in 2006. According to the article, CCC’s private equity backers, […]
Solera Completes Acquisition of UK-Based Autodata
Solera Holdings, Inc., announced that it has completed the acquisition of UK-based Autodata, the provider of technical information and knowledge solutions for the automotive service, maintenance and repair industry. Solera announced it was acquiring the firm on January 4. Founded in 1975, Autodata has evolved from publishing iconic do-it-yourself manuals for car enthusiasts and garages, […]
FinishMaster Acquires A. D’Angelo & Sons, Inc.
FinishMaster, Inc., a wholly-owned subsidiary of Uni-Select Inc. (TSE:UNS), announced it has acquired A. D’Angelo & Sons, Inc. expanding the company’s footprint in the state of California and in two major metropolitan markets in Las Vegas, Nev. and Phoenix, Ariz. With the purchase of Acme Paint Company in 1956, Arthur “Art” D’Angelo Sr. was determined […]
Car Guys Collision Repair Acquires Two New Locations in Pinellas County, Florida
MSO now operates 10 locations. Car Guys Collision Repair, the Florida-based multiple shop operator, announced the acquisition of the two collision repair centers of James Auto Body. James had locations in Palm Harbor and Clearwater, Fla. The new Car Guys Collision Repair – Palm Harbor and Car Guys Collision Repair – Clearwater locations will open […]
Solera Holdings Acquires Digital Identity Protection Provider
Solera Holdings, Inc. today announced it has acquired Digidentity B.V., a provider of next-generation technologies that secure and authenticate online identities. “In today’s hyper-connected world, identity verification will become an increasing part of every transaction, allowing more confidence and transparency about who really is on the other end,” said Tony Aquila, Solera’s Founder, Chairman and […]
Car Guys Collision Repair to Open Eighth Location in February
Car Guys Collision Repair, the Florida-based multiple shop operator (MSO), announced it will open its 8th location, Car Guys Collision Repair-Adamo Drive in Tampa, Fl., next month. The 9,000 square foot facility was formerly known as JL Collision Center and had been in the same location for over ten years. This will be their first […]
PPG Reports 2016 Financial Results, Acquires Refinish Company in China
PPG (NYSE:PPG) yesterday reported fourth quarter 2016 net sales of $3.5 billion, down more than 1 percent versus the prior year. Sales in local currencies increased by more than 1 percent aided by sales volume growth approaching 2 percent year-over-year. The net impact from business portfolio actions contributed less than 1 percent to sales growth […]
Boyd Group Acquires Three Collision Repair Centers in Arizona
With the most recent acquisition, the multiple shop operator now has over 400 locations in North America. The Boyd Group Inc. announced the January 13 opening of three Gerber collision repair centers and an active intake center in the Phoenix, Arizona market. The locations previously operated as Brighton Collision Center and began serving the community […]
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