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 […]
FinishMaster Acquires PBE Distributor with Two Locations in Alaska
FinishMaster, Inc., a wholly-owned subsidiary of Uni-Select Inc. (TSE:UNS), announced yesterday it has acquired Hi-Tec/Professional Paint and Auto Body Supply, Inc. with two locations in Anchorage and Fairbanks, Alaska. The acquisition marks FinishMaster’s entry into the state. With the addition of Alaska, FinishMaster is now located in 33 states and has 222 branches. “We are […]
Service King Acquires Collision Repair Facility in San Diego Market
Service King Collision Repair Centers today announced the company has acquired Gene Townsend Auto Body and Paint, a single-location repair center, located at 609 South Marshall Ave. in El Cajon, Calif. “This is another exciting step in our continued journey to serve customers and business partners across the San Diego community,” said Alan Saviano, Service […]
CCC Acquired by Advent International
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 […]
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