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 […]
Carlyle Closes Acquisition of National Accident Repair Services
The Carlyle Group announced that it has completed the previously announced acquisition of National Accident Repair Services PLC (NARS), the collision repair and accident administration service provider in the UK. Following approval by the High Court of Justice of England and Wales, NARS has made an application to the London Stock Exchange for the cancellation […]
J.D. Power to Acquire NADA Used Car Guide
J.D. Power and the National Automobile Dealers Association (NADA) announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a premier source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review. Established by NADA in 1933, NADA […]
Roark Capital Group Acquires Driven Brands
MAACO and Meineke among automotive aftermarket operations sold to private equity firm. Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the franchise automotive company, from Harvest Partners, LP. Jonathan Fitzpatrick, Driven Brands’ Chief Executive Officer, will continue to lead the […]
Carlyle Group Makes Offer for Nationwide Accident Repair Services
UK-based operator of more than 70 collision repair centers, mobile and glass repair businesses and network services makes agreement with Carlyle subsidiary valuing the company at nearly $64 million. The board of Nationwide Accident Repair Services plc (NARS), the UK-based accident repair and management company, announced an agreement for Canaveral Bidco Limited (CSP Bidco), a […]
Service King Finalizes Sterling Acquisition
Service King Collision Repair Centers has finalized the acquisition of Sterling Collision Centers that was announced in April. Service King now operates 175 locations across 20 states. “Acquiring a company like Sterling Collision Centers is about more than expanding our network with bricks and mortar. The strength of our organization lies within our people and […]
Service King Acquires 62 Sterling Stores, Boyd Acquires 25 Collision Revision Locations
Two big acquisitions were announced yesterday. Collision repairers in 16 states are waking up this morning to a new competitive landscape as Service King Collision Repair Centers announced that it has reached an agreement to acquire Sterling Collision Centers and its 62 stores. This acquisition will bring the total number of Service King locations to […]