Liberty Mutual Insurance has agreed to sell its operations in Thailand and Vietnam to Chubb Limited. Terms of the deal have not been disclosed. Thailand is expected to close by the second quarter of 2025 and Vietnam is expected to close in 2026, subject to certain closing and regulatory conditions. The sale includes LMG Insurance […]
Rotunda Capital Partners Acquires AirPro Diagnostics
Rotunda Capital Partners announced it has acquired AirPro Diagnostics, the provider of remote and on-site Advanced Driver Assistance System (ADAS) diagnostics, scanning, programming and calibration solutions for the automotive, glass and collision repair industries. The partnership, formed in collaboration with existing management, will accelerate AirPro’s growth trajectory and broaden its reach to meet the market’s […]
Driven Brands Reports 2024 Revenue of $2.3 Billion
Announces CEO transition and car wash business sale. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent of CARSTAR and MAACO, announced its fourth quarter and full-year 2024 financial results on February 25, while also revealing plans for a CEO transition and the sale of its U.S. car wash business. For 2024, Driven Brands delivered revenue […]
B&R Auto Acquired Highway 64 Truck and Auto Salvage in New Mexico
Expands its network footprint across the Western U.S. B&R Auto, a portfolio company of Highview Capital, LLC, today announced the acquisition of Highway 64 Truck and Auto Salvage in Farmington, N.M. This acquisition further expands the B&R Western U.S. network into the state of New Mexico and across the entire Southwestern U.S., reaching into the […]
BASF to Sell Brazilian Decorative Paints business to Sherwin-Williams for $1.15 Billion
Will explore strategic options for remaining coatings activities in second quarter including automotive OEM and refinish. BASF and Sherwin-Williams have signed an agreement on the sale of the Brazilian decorative paints business, which is part of BASF’s Coatings division. The purchase price on a cash and debt-free basis is $1.15 billion. The transaction is structured […]
Asbury Automotive Group Acquires Herb Chambers Companies
Sale of 14th largest private dealership group in the U.S. includes 33 dealerships, 52 franchises, and 3 collision repair centers in Massachusetts and Rhode Island. The Asbury Automotive Group, Inc. (NYSE: ABG) announced it signed an agreement to acquire automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately-owned dealership […]
Trive Capital Invests in Chilton Auto Body
Chilton has 20 collision repair centers in California. Trive Capital, a Dallas, Texas-based private equity firm, announced it invested in Chilton Auto Body. Headquartered in San Carlos, Calif, Chilton operates 20 collision shops across the Bay Area and Los Angeles and continues to grow throughout state. Founded in 1969, Chilton services all vehicle makes and […]
Classic Collision Acquires Two Repair Facilities in North Carolina
Classic Collision, LLC announced the acquisition of Desired Image Collision and Customs Inc, in Troutman, N.C. and Cornelius Paint and Body Shop in Cornelius, N.C. Desired Image Collision and Customs Inc. was a full-service repair shop. Cornelius Paint and Body Shop, a family-owned and operated business, opened its doors in 1983 as the first collision […]
Nissan and Honda Terminate MOU on Possible Merger
Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. announced the termination of the memorandum of understanding (MOU) signed on December 23 last year for consideration of a business integration between the two companies. Since signing the MOU, the management teams of both companies, including the chief executive officers, have discussed and considered the surrounding […]
Quality Collision Group Acquires First Repair Center in Virginia
Quality Collision Group (QCG) has expanded into Virginia with the acquisition of Dorn’s Body and Paint, a well-established collision repair facility in the Richmond area. This marks QCG’s first location in the state. Dorn’s Body and Paint, founded in 1965 by Raymond Dorn, has grown from a small body shop into a 35,000-square-foot facility on […]
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