Uni-Select Inc. (TSE:UNS), the parts distributor and parent of FinishMaster, announced an agreement to acquire The Parts Alliance, the second largest independent distributor of automotive aftermarket parts in the UK. The £205.0 million ($264.1 million) transaction is fully funded with debt. The deal marks Uni-Select’s entry into European market with a leadership position in the […]
PPG Drops AkzoNobel Takeover Bid
Paint manufacturer will not make a public takeover offer for competitor. PPG (NYSE:PPG) today announced that it has withdrawn its proposal to acquire AkzoNobel (OTCMKTS:AKZOY) and will not pursue a public offer for the company. Under Dutch law, PPG had to make a decision today to pursue a formal takeover attempt or pause for a […]
Sherwin-Williams Receives Regulatory Approval to Complete Valspar Acquisition.
Acquisition expected to close June 1. Valspar announces refinish production expansion The Sherwin-Williams Company (NYSE:SHW) announced it has received regulatory approval from the United States Federal Trade Commission (FTC) and the Canadian Competition Bureau (CCB) to complete its acquisition of The Valspar Corporation (NYSE: VAL). The FTC and CCB were the only remaining regulatory approvals […]
Boyd Group Acquires Assured Automotive’s 68 Collision Repair Centers in Canada
Acquisition of Canada’s largest non-franchise collision repair company more than doubles Boyd’s footprint in the country. The Boyd Group Income Fund (TSE:BYD.UN) yesterday announced that it has, through a subsidiary company, acquired Assured Automotive Inc., the largest operator of non-franchised collision repair centres in Canada, based in Ontario. The acquisition is expected to be immediately […]
Court Rules in AkzoNobel’s Favor in Suit to Unseat Chairman Over PPG Takeover Bid
AkzoNobel (OTCMKTS:AKZOY)yesterday prevailed in a lawsuit brought by investor Elliott Advisors that sought to unseat AkzoNobel’s chairman over the paint manufacturer’s continued resistance to the takeover bid by PPG Industries (NYSE:PPG) that was launched earlier this year. The decision by Amsterdam Enterprise Chamber rejected Elliott’s request to force AkzoNobel to hold a special shareholder meeting […]
Service King Acquires Collision Repair Center in Colorado
New location is Service King’s sixth in the state and its 324th in the U.S. Service King Collision Repair Centers announced the acquisition of Wilson’s Auto Collision Inc., located at 4365 E. Platte Ave. in Colorado Springs, Colo. The facility is Service King’s sixth location in state. Wilson’s Auto Collision joins the Service King organization with […]
UK Competition Authority Launches In-Depth Investigation into LKQ Subsidiary Acquisition
The United Kingdom Competition and Markets Authority (CMA) announced today that it was launching an in-depth review of Euro Car Parts’ acquisition of Andrew Page. The possibility of the in-depth review was announced earlier this month by the CMA On May 11, the CMA announced that it would refer the deal for an in-depth investigation […]
Solera Acquisition of Autodata Faces Possible In-Depth Probe by UK Competition Authority
Solera Holdings Inc. acquisition of Autodata faces an in-depth merger probe, unless it offers acceptable ways of addressing competition concerns raised by regulators in the United Kingdom. Solera announced it was acquiring Autodata in January and was completed in February. The companies supply vehicle maintenance and repair information platforms across the UK and the Competition […]
Alamo Body and Paint Acquires Second Location in Texas
Alamo Body and Paint, LLC, will open its second location in Schertz, Texas, on May 22, with the acquisition of Auto Collision Works. “We are excited to be adding a second location. We look forward to serving the Schertz market and are committed to continuing Auto Collision Works’ tradition of exceptional customer service and quality […]
Main Auto Body Acquires Eighth Collision Repair Center in Oregon
Main Auto Body, Inc. opened its newest location at 902 SE Textron Street, Suite A in Bend, Ore with the acquisition of Bend Body Shop. With the acquisition, Main Auto Body, Inc has eight locations in the state. Since 1977, Main Auto Body, Inc. has been serving the Willamette Valley, Oregon Coast and now, Central […]
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