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 […]
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 […]