Combined company operates under Rotunda Capital Partners ownership, with AirPro chief executive Driaan Du Toit leading and Revv co-founder Adi Bathla as president and chief innovation officer AirPro Diagnostics has merged with Revv, combining a remote advanced driver assistance systems diagnostics and calibration provider with the software platform that identifies which calibrations a damaged vehicle […]
Focus Advisors Reports Fewer Collision Repair Acquisitions, More Buyers in First Half of 2026
Advisory firm says smaller private equity-backed platforms grew five to seven times faster than the Big Four while EBITDA multiples on premium assets held firm. Collision repair acquisitions slowed sharply in the first half of 2026, with the industry’s largest consolidators, established regional platforms and new entrants adding a combined 81 locations — down from […]
Parts Authority Acquires NPW Companies
The deal added 46 locations, pushing the aftermarket distributor’s network to nearly 325 branches. Parts Authority has acquired NPW Companies, a family-owned Miami-based warehouse distributor of traditional, engine and performance parts, adding 46 locations to a network that now totals nearly 325 branches, the company said Aug. 11. The acquisition carries Parts Authority into five […]
Boyd Group Quarterly Sales Top $1 Billion for First Time
Joe Hudson’s aquisition synergies arrive ahead of schedule. Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) reported second quarter sales of $1,013.7 million for the three months ended June 30, an increase of 29.9% from $780.4 million a year earlier and the first time quarterly revenue has exceeded $1 billion in the company’s history. Adjusted […]
AkzoNobel and Axalta Shareholders Approve $25 Billion Merger of Equals
Shareholders of Akzo Nobel N.V. and Axalta Coating Systems Ltd. voted today to approve the companies’ roughly $25 billion all-stock merger of equals, clearing the last shareholder condition on a transaction that would create the world’s No. 2 coatings company. The combination would unite two of the largest suppliers of automotive refinish coatings to the […]
Driven Brands Board Rejects ADW Capital’s $18 Per Share Buyout Proposal
The board of Driven Brands Holdings Inc. (NASDAQ: DRVN) unanimously rejected an unsolicited $18 per share cash proposal from activist investor ADW Capital Management LLC, the company announced Aug. 3, calling the offer highly conditional and short of the company’s value. Driven Brands is the parent of collision repair networks CARSTAR, Abra and Fix Auto […]
Axalta Reports Second Quarter Sales of $1.35 Billion as Refinish Grows 6%
Axalta Coating Systems Ltd. (NYSE: AXTA) reported second quarter net sales of $1.35 billion, up 3% year over year, and record adjusted earnings, as refinish net sales rose 6% and the coatings supplier secured more than 1,900 net new collision repair facilities in the first half of 2026. Adjusted earnings before interest, taxes, depreciation and […]
AkzoNobel Reports Refinish Return to Growth in Second Quarter as Axalta Merger Vote Nears
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported second-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €398 million ($453.7 million) on July 22, up 1% as reported and 5% at comparable scope and constant currencies, as the coatings supplier delivered its fifth consecutive quarter of year-over-year margin expansion. Adjusted EBITDA margin rose […]
Distribution Solutions Group to Go Private in $35 Per Share Deal with LKCM Headwater
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 […]