Admiral Group plc announced today that it has entered into an agreement to sell its U.S. auto insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm dedicated to investing in the financial services industry, for an undisclosed sum. The transaction is subject to regulatory […]
Driven Brands Completes Sale of U.S. Car Wash Business
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced it has completed the previously announced sale of its U.S. car wash business to Whistle Express Car Wash. The transaction, valued at approximately $385 million, consists of $255 million in cash and a $130 million interest-bearing seller note. The final proceeds may change due to customary post-closing adjustments […]
Fix Auto UK Acquires Two Collision Repair Centers
Fix Auto UK has made two additions to its portfolio of wholly owned repair centers after buying the former AD Williams sites in Southampton and Lydd from the appointed administrators and in doing so, safeguarded 24 jobs. The two sites will now operate as Fix Auto Southampton and Fix Auto Lydd and increases the number […]
Joe Hudson’s Collision Center Acquires Three New Locations
Joe Hudson’s Collision Center announced the acquisition of three new locations. The newly acquired collision repair centers include Hallmark Collision in Birmingham, Ala.; Hadaway Collision in Texarkana, Texas; and Keith’s Paint & Body in Lake Charles, La. These additions further strengthen JHCC’s presence in key markets, bringing the total number of locations to 254 nationwide, […]
Fenix Parts Acquires Auto Recycler in San Antonio, Texas
Fenix Parent LLC, operating as Fenix Parts, announced the acquisition of Assured Auto Parts in San Antonio, Texas. This move is a key step in Fenix Parts’ efforts to grow its presence in the state to better serve its customers in a thriving market. “We are incredibly excited to welcome Assured Auto Parts into the […]
Classic Collision Acquires Repair Facility in Washington State
Classic Collision, LLC announced the acquisition of Renton Collision Center in Renton, Wash. The family-owned and operated repair facility has served the Northwest for over two decades. With the acquisition, Classic operates 325 collision repair centers nationwide.
UK’s Steer Automotive Acquires Two Collision Repair Centers
The Steer Automotive Group, the UK-based multiple collision repair shop operator, announced the acquisition of React Accident Repair Group Limited, which operates two sites under The Paint & Bodyshop Hull and React Accident Repair Scunthorpe in eastern England. This acquisition supports the group strategy to strengthen its presence across the East Riding of Yorkshire and […]
National Oak Distributors and Integrated Supply Network Announce Merger
Combined company brings together distributor specializing in paint, body and equipment with auto tool and equipment distributor. National Oak Distributors (NOD), the automotive paint, body and equipment (PBE) wholesale distributor, and Integrated Supply Network (ISN), an automotive tool and equipment wholesale distributor, announced that they have completed a merger of the two businesses. NOD has […]
Classic Collision Continues Expansion with Acquisitions in Texas and Kentucky
Multiple shop operator now has 324 collision repair facilities. Classic Collision, LLC announced two strategic acquisitions March 28, further expanding its nationwide footprint. Classic Collision has purchased Glaser’s Collision Centers, a regional multi-store operation (MSO) with five locations serving the Greater Louisville Region in Kentucky. Glaser’s began as a single family-owned location in 1986 and […]
Classic Collision Acquires Two Repair Centers in Texas
Classic Collision, LLC announced March 21 the acquisitions of Pat Gray Collision Center & Platinum Collision Center in Midland, Texas Pat Gray Collision Center & Platinum Collision Center has served the Midland community for five years. Classic Collision operates operate 318 repair facilities nationwide.