CCC Information Services Group has signed a definitive agreement to be acquired by an affiliate of Investcorp, a global investment group. Under the terms of the agreement, CCC stockholders will receive $26.50 in cash for each share of CCC common stock, representing a 10.3 percent premium over the average closing price of CCC’s stock for […]
Mitchell International to Acquire Ensera
Mitchell International confirmed this morning that it has signed an agreement to purchase California based Ensera, Inc. The terms of the agreement were not released but the company did say that the transaction is expected to close in several weeks. Ensera, founded in 2000, acquired a few existing businesses including Go Media Inc., the owner […]
Ford Purchases Hamilton, Ontario-Area Auto Recycler
John Norris from the Hamilton District Autobody and Repair Association (HARA) in Hamilton, Ontario reports that Ford of Canada has announced their entry into the Canadian auto recycling market with the purchase of Plazek Auto Recyclers of Caistor Centre, just outside of Hamilton. According to Norris, Plazek’s is a well known and respected auto recycler […]
Motor Acquires Chek-Chart From IDG Books Worldwide
Motor Information Systems and IDG Books Worldwide announced yesterday that Motor has acquired the Chek-Chart brand and business from IDG Books Worldwide. The acquisition brings to Motor a publishing program targeted to the automotive trade in the professional, educational, certification and reference categories. They include specification and study guides, electronic databases, custom publications, textbooks and […]
Caliber Completes $20 million Financing
Funding to support acquisition and consolidation plans. Announces first three corporate acquisitions. Caliber Collision Centers, Inc. announced February 6 that Keystone Inc., formerly The Robert M. Bass Group, and Zurich Centre Investments Limited have invested $20 million in equity to support Caliber’s efforts to lead the consolidation of the fragmented collision repair industry. Caliber plans […]