Fenix Parts announced it has completed its acquisition of the assets of Pacific Rim Auto Parts in Ft. Worth, Texas. Pacific is a specialty automotive recycler focused on ecommerce part listing and sales. Bill Stevens, CEO of Fenix Parts, said, “We are pleased to announce the acquisition of Pacific and welcome the talented team to […]
Group 1 Automotive Acquires RRR Automotive Group
Transaction includes three collision repair centers. Group 1 Automotive, Inc. (NYSE: GPI) the automotive retailer with 198 dealerships located in the U.S. and U.K., today announced the acquisition of the RRR Automotive Group, adding to its U.S. portfolio in the greater Baltimore/Washington DC market, the sixth largest metropolitan area in the United States. The acquisition […]
Ed Morse Automotive Group Enters Arizona with Acquisition of 7 Dealerships
The Ed Morse Automotive Group announced it is acquiring seven dealerships from Lawley Automotive Group in Sierra Vista, Arizona. The Dave Cantin Group brokered the transaction. The dealerships include: Lawley Chevrolet GMC at 2900 E. Fry Blvd SE, Sierra Vista Lawley Chrysler Dodge Jeep Ram at 1901 S. Highway 92, Sierra Vista Lawley’s Team Ford […]
UK’s Steer Automotive Group Acquires 11 Collision Repair Centers
Steer Automotive Group, the UK’s largest multiple shop operator (MSO) announced the acquisition of Lovells Auto Body Centres and Pronto Accident Repair Centres. The integration of Lovells and Pronto’s 11 sites across the East of England complements our group’s current East Midlands’ footprint. Lovells Auto Body Centre emerged in 1972 from the Lovells family garage […]
Summit Partners Acquires CollisionRight from CenterOak Partners
Collision repair facility operator has 89 collision repair centers in nine states. CenterOak Partners LLC, the Dallas, Texas-based private equity firm, today announced the sale of CollisionRight, Inc. to Summit Partners. Terms of the transaction were not disclosed. The majority investment from Summit Partners, a growth equity investment firm, will provide new capital to help […]
Classic Collision Acquires Three New Repair Centers in Florida Panhandle
Classic Collision, LLC announced the acquisition of three new collision repair centers including Affordable Body Shop and Hollis Body Shop in Marianna and Panama City Beach, Fla. “We take pride in our honesty and craftmanship by having experienced body technicians and painters who ensure the work is skillfully done and have seen the same culture […]
Continental Auto Parts Acquires Pro Parts Center
Continental Auto Parts (CAP), a portfolio company of Kinderhook Industries, announced the acquisition of K W Automotive Inc. that does business as Pro Parts Center (PPC). Pro Parts Center is an aftermarket collision automotive parts to multi-shop operators (MSOs) and independent collision shops in Texas, Louisiana, and Oklahoma. Financial terms of the transaction were not […]
Focus Advisors Releases 2023 Collision Repair Consolidation Year in Review
Report details acquisition and private equity activity across the U.S. Focus Advisors, the mergers and acquisition advisory firm, released its review of 2023 collision repair acquisition activity. The report is provided below: Growth Never Rests – 2023 Year in Review By Raul Salinas, Senior Associate, Focus Advisors Consolidators, Accelerators and Independent MSOs remain undaunted in […]
Stellantis Acquires Artificial Intelligence Technologies to Advance Vehicle Features
New technology can be used to enhance predictive maintenance and diagnostics to proactively identify and schedule maintenance needs and provide alerts. Stellantis N.V. announced the acquisition of the artificial intelligence framework, machine learning models and intellectual property rights and patents of CloudMade, a developer of smart and innovative big data-driven automotive solutions. The acquisition – […]
Morgan Automotive Group Acquires South Motors and Vista Motors
Acquisition includes two collision repair centers in Florida. Haig Partners LLC, the buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., announced it served as the exclusive sell-side advisor to Miami-based South Motors/Vista Motors on the sale of its nine dealerships and two collision centers to Morgan Automotive Group. South Motors […]
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