Solera Holdings, Inc. announced that its sale to Vista Equity Partners, originally announced in September, was completed on March 3. Other investors include an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., and an affiliate of Goldman, Sachs & Co. According to the company, the acquisition will fuel […]
KPA Acquires Environmental Compliance and Remediation Inc.
KPA, the provider of automotive dealership management software and services, announced acquisition of Environmental Compliance & Remediation, Inc. (ECR), an environmental compliance organization focused on providing services to clients on the West Coast. Founded in 1993, ECR helps companies to protect their workforce, the environment, and the public while meeting regulatory guidelines. Their environmental engineers, […]
LKQ to Acquire Pittsburgh Glass Works
LKQ Corporation (NASDQ:LKQ) announced that it has signed an agreement to acquire Pittsburgh Glass Works LLC (PGW) from private equity firm Kohlberg & Company LLC and PPG Industries, Inc. for an enterprise value of $635 million. PGW is a global distributor and manufacturer of automotive glass products. PGW’s business comprises wholesale and retail distribution services, […]
LKQ Reports Revenue Growth of 6.7% in 2015
The collision repair industry part supplier surpassed $7 billion in annual revenue for the first time in 2015. The LKQ Corporation (NASDAQ:LKQ) today announced results for its fourth quarter and full year ended December 31, 2015. For the fourth quarter of 2015, revenue was $1.75 billion compared with $1.68 billion for the fourth quarter of […]
KAR Acquires Eight Brasher’s Auto Auctions, Announces Earnings
KAR Auction Services, Inc. (NYSE: KAR) announced that its subsidiary, ADESA, Inc., has signed a definitive agreement to acquire eight auctions owned by the Brasher family. Brasher’s eight locations are: Brasher’s Salt Lake, Brasher’s Sacramento, Brasher’s Portland, Brasher’s Boise, Brasher’s San Jose, Brasher’s Northwest, Brasher’s Reno and Brasher’s Fresno. Brasher’s key corporate and local auction […]
Service King Acquires Two Collision Repair Centers in District of Columbia Market
Service King Collision Repair Centers announced the acquisition of two Professional Collision Centers in northern Virginia. The facilities are located in Stafford and Woodbridge, Va. and will transition to Service King effective immediately as terms were finalized Monday, Feb. 15. With the acquisition, Service King operates eight collision repair centers in the District of Columbia […]
FinishMaster Acquires Johnson Michigan Automotive & Industrial Coatings
FinishMaster, Inc., the subsidiary of Uni-Select Inc. announced it has completed the acquisition of Magnuson-Hagopian Enterprises, Inc. doing business under the name Johnson Michigan Automotive & Industrial Coatings. This acquisition strengthens FinishMaster’s footprint in eastern and central Michigan and expands operations in the industrial segment in this market. Founded as a hard parts distributor in […]
AkzoNobel Acquires BASF’s Industrial Coatings Business
AkzoNobel today has made an agreed offer to acquire BASF’s Industrial Coatings business for €475 million ($528.2 million). The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants, one in Deeside, England, and one in Vanderbijlpark, South Africa. would also be transferred to AkzoNobel. The business […]
Service King Acquires Two-Location Collision Repair Business in Virginia
Service King Collision Repair Centers announced continued expansion in the Washington D.C. market with the acquisition of Southern Auto Body and its two collision repair centers in Fredericksburg, Va. Earlier this week, Service King announced the acquisition of Precision Collision, also in the D.C. market. Service King and Southern Auto Body finalized the merger Feb. […]
Service King Acquires Collision Repair Center in District of Columbia Market
Service King Collision Repair Centers announced the acquisition of Precision Collision a single location collision repair center located at 7901 Kincannon Place in Lorton, Va. “Service King and its team aligns seamlessly with the staff vision and mission of Precision Collision,” said Precision Collision owner Robert Plate. “That’s what makes our team so enthusiastic about […]
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