Solera Holdings, Inc. (NYSE: SLH) announced that Solera shareholders voted to adopt the merger agreement announced in September for the company’s sales to an affiliate of Vista Equity Partners for $55.85 per share in cash. The merger was approved by a vote of nearly 44 million shares to 7.3 million against the proposal. A separate […]
Carlyle Group Completes Acquisition of Innovation Group
The Carlyle Group (NASDAQ: CG) last week announced the successful acquisition of Innovation Group (LON: TIG) for £500 million ($689 million). Originally announced in September, capital for the acquistion came from Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. Further terms of the transaction were not disclosed. Founded in 1996 and […]
FinishMaster Acquires Refinish Solutions
Uni-Select Inc. (TSE:UNS), the distributor of automotive products in Canada and parent of FinishMaster, Inc., announced today that FinishMaster has entered into an agreement to acquire two distributor locations from Aquia Auto Parts, Inc., that does business as Refinish Solutions in Virginia and Washington, D.C. The transaction is subject to customary closing conditions and is […]
Service King Acquires Charlotte, N.C. Collision Repair Center
Service King Collision Repair Centers today announced the organization has officially reached an agreement to acquire The Body Shop Collision Center in Charlotte, N.C. Representatives from Service King and The Body Shop Collision Center mutually agreed upon terms of the acquisition on Friday, Dec. 4, as operations will transition immediately. The Body Shop Collision Center […]
Kirmac Opens Newest Location in Richmond, B.C.
Kirmac Collision & Autoglass announced the opening of its second location in Richmond, B.C., bringing the firm’s total number of collision repair centers in British Columbia to 16. The collision repair center, located at 11420 Voyageur Way, just off Bridgeport Road in the northeastern part of Richmond, complements Kirmac’s existing facility in South Richmond. “Over […]
Nagy’s Collision Centers Acquires its 10th Location
Nagy’s Collision Centers is expanding into Ohio’s Medina County with a new location at 7966 Wadsworth Rd., Wadsworth. Managing that location will be Chris Deifendorf who has over 10 years’ experience in the Automotive & Collision Repair Industry. The facility is Nagy’s tenth location in Ohio. Ron and Dan Nagy were presented the opportunity by […]
Driven Brands Acquires CARSTAR Canada
After acquiring CARSTAR’s U.S. franchise network in October, company acquires affiliated franchise network in Canada. Less than two months after acquiring Kansas-based CARSTAR Auto Body Repair Experts, Driven Brands, Inc. announced that it has acquired CARSTAR Canada, CARSTAR is the third largest multi-store network of independently owned collision repair and glass centers in Canada, operating […]
UK – Carlyle Sells Stake in RAC
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 […]