Group 1 Automotive, Inc. (NYSE: GPI) announced an agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 million (£220 million) of appraised real estate value. In 2023, the Inchcape U.K. dealerships generated […]
Classic Collision Adds New Repair Facility in Washington State
Classic Collision, LLC announced the acquisition of Blue Sky Auto Body in Tacoma, Wash. This location will undergo a complete renovation to enhance the overall customer experience before re-opening as Classic Collision Tacoma Way. This includes upgrading the interior design, modernizing the facilities, and implementing new technology to streamline operations. Blue Sky Auto Body has […]
Stellex Capital Management Announces Closing of Continuation Vehicle and Comprehensive Refinancing of Fenix Parts
Fenix announces acquisition of Illinois auto recycler. Stellex Capital Management, the private equity firm, announced the final closing of a single-asset continuation vehicle that has acquired interests in Fenix Parts. The transaction provides follow-on capital with the aim of driving organic growth initiatives, supporting the continued execution of Fenix Parts’ aquisition pipeline, and capitalizing on […]
Penske Automotive Expands into Australia
Penske Automotive Group, Inc. (NYSE: PAG), the automotive and commercial truck retailers with operations across four continents and nine countries, intends to expand its retail automotive operations into Australia by acquiring two Porsche dealerships along with a Ducati motorcycle dealership in Melbourne, Australia. The Company has signed an agreement to acquire Porsche Centre Brighton, Porsche […]
Crash Champions Acquires Collision Repair Center in Tampa, Florida Market
Crash Champions announced the acquisition of Buddy Foster Collision and Towing in Zephyrhills, Florida. Buddy Foster Collison and Towing is transferring operations to Crash Champions effective immediately. “Crash Champions is proud to continue growing our service across the state of Florida and the greater Tampa market,” said Matt Ebert, Crash Champions Founder and CEO. “This […]
Crash Champions Acquires Three Collision Repair Centers in Oregon
Crash Champions announced the acquisition of Oregon-based Premier Auto Body and its three locations. Premier Auto Body serves the communities of Bend and Redmond, Oregon, with certified collision repair service and will transition operations to Crash Champions effective immediately. “This is a continuation of our steady, strategic growth plan and represents yet another quality addition […]
Hertrich Acquires New Collision Repair Center in Lewes, Delaware
The Hertrich Family of Automobile Dealerships announced the acquisition of the Lewes Body Works Collision Center in Lewes, Del. Lewes Body Works has been a fixture of the community since 1982. This will be the second Hertrich Collision Center in Lewes located just 3 miles from Hertrich Collision Center of Lewes at 16271 Willow Creek […]
Fenix Parts Completes Acquires California Auto Recycler
Fenix Parts announced it has completed its acquisition of Green Auto Parts & Recycling in Sun Valley, Calif. The Company also announced Edgar Akopyan will be joining Fenix Parts as the Director of Business Development, Southern California. Green is a full-service automotive recycler servicing the Los Angeles market. This is Fenix Parts’ first acquisition in […]
TPG Acquires Classic Collision
Collision repair facility operator has 262 locations across 16 states. TPG (NASDAQ: TPG) announced that TPG Capital, the U.S. and European private equity platform of TPG, will acquire Classic Collision from New Mountain Capital. Classic Collision’s management team will remain invested in the company. Terms of the transaction were not disclosed. “Today’s announcement is an […]
Joe Hudson’s Collision Center Announces Seven Acquisitions
Multiple collision repair shop operator enters Missouri with acquisition and now has over 200 locations in 16 states. Joe Hudson’s Collision Center announced seven acquisitions across Texas, Kentucky, Arkansas, and its newest state, Missouri. Joe Hudson’s most recent acquisition, Complete Collision, has two locations situated along Route 66, in St. James and St. Robert, Mo. […]
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