The Carlyle Group (NASDAQ:CG) announced the sale of its stake in RAC,the roadside assistance and insurance provider, to CVC Capital Partners and GIC, Singapore’s sovereign wealth fund. The RAC provides services for both private and business motorists including roadside assistance, insurance, buying a used car, vehicle inspections and checks, legal services or up-to-the-minute traffic and […]
ABRA Expands in Missouri and Illinois
ABRA Auto Body & Glass expanded in both Missouri and Illinois with the opening of a new repair center in Maryland Heights, Mo. and the acquisition of West Loop Auto Body’s two collision repair facilities in Chicago, Illinois. The company now has 10 locations in Missouri and 42 in Illinois. With the announcements ABRA’s nationwide […]
Telephone Interview: David Byers, CEO, CARSTAR Collision Repair Experts
In our telephone interview, Byers discusses the sale of the collision repair facility network to Driven Brands announced yesterday. Yesterday, Driven Brands, Inc., a portfolio company of Roark Capital, announced that it acquired Kansas-based CARSTAR Auto Body Repair Experts. CARSTAR is one of the largest multi-shop networks of independently owned collision repair facilities in the […]
Driven Brands Acquires CARSTAR
Parent of Maaco and 1-800-Radiator adds collision repair-focused franchise to portfolio of automotive franchises. Acquisition does not include CARSTAR Canada. Driven Brands, Inc., a portfolio company of Roark Capital and the nation’s leading franchise automotive company, announced today that it has acquired Kansas-based CARSTAR Auto Body Repair Experts. CARSTAR is one of the largest multi-shop […]
Boyd Group Acquires Ohio Collision Repair Center
The Boyd Group Inc. announced the October 16, 2015 acquisition of Deacon’s Collision Center. in Mayfield Heights, Ohio an eastern suburb of Cleveland. It is located on a high traffic thoroughfare and is Boyd’s first center in the Cleveland metropolitan area. The facility will operate under the Gerber brand. “This location provides us with a […]
AMA Group Finalizes Woods Acquisition
The AMA Group Limited announced that it has finalized its renegotiations for the acquisition of Woods Accident Repair Centres that was previously announced in May. Under the revised arrangement, AMA will now pay a total purchase price of AU$2.05 million ($1.49 million) in full settlement for the acquisition of Woods, including a majority stake in […]
Fenix Parts Acquires Tri-City Auto Salvage
Fenix Parts, Inc. announced the acquisition of Tri-City Auto Salvage, Inc. in Greensboro, North Carolina for approximately $6.6 million in cash and 42,363 shares of Fenix common stock. The cash portion of the purchase price was financed through a combination of cash on hand and utilization of $6.5 million of the company’s credit facility. Tri-City […]
Vista Equity Buys Solera for $6.5 Billion
Ending weeks of speculation, the software and services provider to collision repair, automotive and insurance industries announces a deal to sell the company to a private equity firm. Solera Holdings, Inc. last night announced that it has entered into an agreement to be acquired by an affiliate of Vista Equity Partners in a transaction valued […]
ABRA Acquires Delaware Collision Repair Center
ABRA Auto Body & Glass expanded in Delaware Friday with the acquisition of Henry Brothers Auto Body. Details of the transaction were not disclosed. The new repair center is located in Wilmington, about 30 miles southwest of Philadelphia. The acquisition brings the company’s total repair center count to 312 in 23 states. ABRA first entered […]
Driven Brands Acquires 1-800-Radiator & A/C
Driven Brands announced that it has entered into an agreement to acquire 1-800-Radiator & A/C, the automotive parts distributor in North America. “We are excited to welcome 1-800-Radiator to the Driven Brands family,” said Driven Brands CEO Jonathan Fitzpatrick. “1-800-Radiator is well respected by its customers and franchisees alike. We look forward to leveraging their […]