Enlarged Alliance ranks among top three global automotive groups. Nissan Motor Co., Ltd. announced yesterday its completed its acquisition of a 34 percent equity stake in Mitsubishi Motors (MMC) that was announced in May and became its largest shareholder. MMC will also become part of the global Alliance with Nissan and Renault. With the addition […]
Boyd Group Acquires Michigan Collision Repair Center, Adds Location in Indiana
The Boyd Group Inc. announced the October 17, opening of a new Gerber collision repair center in Battle Creek, Mich. The center is located on a major roadway in an active retail district and previously operated as M-66 Auto Body & Frame. “We are pleased to add this center which has served the Battle Creek […]
Australia’s Capital S.M.A.R.T Acquires Location in Tasmania
Capital S.M.A.R.T Repairs announced it was in final negotiations to acquire Car Repairs Tasmania, enabling the expansion of its collision repair service into Tasmania. The acquisition will complement the existing S.M.A.R.T network of 36 collision repair centers across Australia and New Zealand. “We have been looking to expand our network into Tasmania for some time […]
Polaris Private Equity Comments on Car-O-Liner Sale to Snap-On
Polaris, the private equity firm that acquired Car-O-Liner in 2012, explained the rationale for the sale of the company to Snap-On that was announced earlier this week. With Polaris as its owner, the company has seen a period of rapid expansion while simultaneously strengthening its position in the US and China. Jan Dahlqvist, a Polaris […]
Snap-on to Acquire Car-O-Liner for $155 Million
Snap-on Incorporated (NYSE:SNA) today announced that it has entered into an agreement to acquire Car-O-Liner Holding AB for approximately $155 million in cash. Based in Gothenburg, Sweden, Car-O-Liner, that had trailing 12 month sales of approximately $95 million, is a global provider of collision repair equipment and information and truck alignment systems. Subject to certain […]
UK Competition Authority Opens Inquiry into LKQ Subsidiary’s Merger with Andrew Page
The United Kingdom Competition and Markets Authority (CMA) has opened an inquiry in the acquisition of Andrew Page Limited, a distributor of automotive parts in the UK, by the LKQ Corporation (NASDAQ:LKQ) subsidiary Euro Car Parts. On Wednesday, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on ECP […]
Uni-Select Acquires Guelph Paint and Bumper
Uni-Select Inc. (TSE:UNS) announced the acquisition of Guelph Paint and Bumper Supplies Inc. by its FinishMaster Canada Inc. subsidiary. Guelph Paint and Bumper distributes auto body supplies, automotive paint refinish and related products in Guelph, Ontario. This acquisition broadens Uni-Select’s presence in the Ontario market Area. The location will be re-branded to use the FinishMaster […]
Safelite Acquires AAA Carolinas’ Mobile Glass Business, Becomes Preferred Partner for Glass Work
Safelite Group announced an agreement to acquire AAA Mobile Glass, LLC, a wholly owned subsidiary of AAA Carolinas. Additionally, Safelite will become the preferred partner for members of AAA Carolinas for auto glass repair and replacement needs. The transaction was completed at the close of business September 30. AAA Carolinas serves approximately 2 million members […]
LKQ Acquires UK Parts Distributor
LKQ Corporation (NASDAQ:LKQ) today announced that its United Kingdom subsidiary, Euro Car Parts, has acquired Andrew Page Limited, a distributor of automotive parts in the United Kingdom. As part of the transaction, Euro Car Parts acquired 102 Andrew Page branch locations, its national distribution center and corporate office. “We are pleased to acquire the Andrew […]
Service King Acquires Collision Repair Center in San Antonio, Texas
Service King Collision Repair Centers today announced the organization has acquired and officially opened its 84th location in Texas with the acquisition of Jack’s Paint Place, located at 9219 Converse Business Lane in Converse, Texas, a suburb of San Antonio. The deal, of which terms were not disclosed, officially closed Friday. The collision repair center […]
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