Distribution Solutions Group, Inc. (NASDAQ: DSGR) announced July 16 that it has entered into a definitive merger agreement under which newly formed entities controlled by LKCM Headwater Investments, LLC will acquire all outstanding shares of DSG common stock not already owned by LKCM Headwater and its affiliates for $35 per share in cash, taking the […]
Highline Warren Plans to Acquire 1.1 Million-Square-Foot Georgia Distribution Center
Highline Warren plans to acquire a 1.1 million-square-foot facility in McDonough, Georgia, to operate as a large-scale distribution and operations center, the Memphis-based distributor of vehicle maintenance consumables said July 14. The planned addition would extend the network of one of North America’s larger distributors of maintenance consumables deeper into the Southeast and strengthen its […]
AkzoNobel Rebuffs Nippon Paint Offers for Decorative Paints Business Ahead of Axalta Merger Votes
Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) confirmed July 13 it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. to acquire its Decorative Paints business at an indicative enterprise valuation of €7.5 billion ($8.55 billion), saying its merger agreement with Axalta Coating Systems Ltd. bars the company from engaging with the […]
Collision Partners Acquires K&M Collision
Names Michael Bradshaw operations chief. Collision Partners has acquired K&M Collision of Hickory, N.C., and named the company’s vice president, Michael Bradshaw, executive vice president of collision operations and a member of its board of directors. The Raleigh, N.C.-based platform said the Bradshaw family will become significant shareholders in Collision Partners as part of an […]
Mile Auto Acquires The Insurance House, Expanding Southeast MGA Operations
Mile Auto Inc., the Atlanta-based managing general agent (MGA) that provides pay-per-mile Porsche Auto Insurance, has acquired fellow Atlanta MGA The Insurance House Inc. in a transaction effective July 1 that combines the two firms into an operation with nearly $100 million in annual premium. The combined business serves more than 55,000 policyholders and works […]
CCC Intelligent Solutions Reportedly Exploring Sale
CCC Intelligent Solutions (NASDAQ: CCC) is reportedly exploring a sale of the business and has hired Morgan Stanley to advise on the process. According to a report July 9 by Reuters, the company has reached out to prospective buyers, including private equity firms. CCC has explored strategic options before. In 2023, CollisionWeek reported on a […]
OpenRoad Collision Expands in Oklahoma with 3 Repair Center Acquisition
OpenRoad Collision has acquired Davis Paint & Collision, a family-owned collision repair operator serving the Oklahoma City metropolitan area since 1990. The addition of Davis’s three shops in June brings OpenRoad’s network to 40 collision repair centers operating under eight brands. The acquisition extends a steady expansion by a mid-sized regional buyer even as dealmaking […]
Repairify and Opus IVS Complete Combination of Diagnostics Businesses
Combined company says it will not negotiate calibration and diagnostic pricing with insurers, referring carriers to repairers to negotiate directly. Repairify and Opus IVS announced July 2 they have completed the combination of their automotive diagnostics businesses, closing the transaction the companies first announced in January. The completed transaction brings Repairify’s asTech and BlueDriver brands […]
BASF Coatings Completes Sale to Carlyle, Relaunches as Surventis
The automotive OEM, refinish and surface treatment business begins operating July 1 as a standalone company under Carlyle Group and Qatar Investment Authority ownership, with BASF retaining a 40% stake. The automotive coatings business formerly known as BASF Coatings began operating July 1 as an independent company under a new name, Surventis, a day after […]
ASE Acquires WrenchWay to Expand Technician Workforce Development
The National Institute for Automotive Service Excellence (ASE) said June 30 it has acquired WrenchWay, the workforce platform the certification body has partnered with over the past year to recruit and develop service technicians. WrenchWay’s co-founders and employees will join ASE as part of the agreement. Terms were not disclosed. The deal brings in-house a […]