IAG today announced it will enter a strategic alliance with The Royal Automobile Club of Western Australia (RAC) that includes IAG’s purchase of the RAC Insurance (RACI) business and a 20-year exclusive distribution agreement for RAC branded home, motor and niche insurance products. The consideration comprises $400 million for 100% acquisition of RACI and $950 […]
Driving Force Collision Acquires Masano Auto Group Collision Repair Center
Driving Force Collision, backed by transportation investment firm TRP Capital, has acquired Tom Masano Auto Group’s 50,000-square-foot collision repair center in Reading, Pa. The transaction was facilitated by Focus Advisors. The Reading facility had made substantial investments in equipment, training, and certification to obtain manufacturer certifications from multiple major automotive brands. The operation serves Reading […]
Classic Collision Acquires First Repair Centers in Louisiana
Acquisition marks multiple collision repair shop operator’s entry into 21st state. Classic Collision, LLC announced the acquisition of its first collision repair centers in Louisiana. Fradella’s Collision Centers, established in 1982, is a family-owned auto body repair business serving the Greater New Orleans area with locations in Metairie, Chalmette, and Slidell. With the acquisition, Classic […]
Kirmac Collision & Autoglass Acquires Bannister Automotive Group Collision Repair Centers
Kirmac Collision & Autoglass has acquired Bannister Automotive Group’s collision centers in Kelowna, Vernon, Kamloops, and Chilliwack in British Columbia, Canada. The transaction was completed today, with Kirmac assuming operational control of these locations effective immediately. This acquisition expands Kirmac’s presence into the Thompson-Okanagan region of British Columbia, increasing its total operations to 27 locations […]
Classic Collision Acquires Repair Facility in Beaumont, Texas
Classic Collision, LLC announced April 25 that it acquired Glen’s Express Collision in Beaumont, TX. Glen’s Express Collision was established in 1979 and proudly family-owned ever since, Glen’s Express Collision now looks forward to joining the Classic Collision family, bringing its experienced team into an exciting new chapter. With the acquisition, Classic Collision operates 331 […]
Joe Hudson’s Collision Center Acquires Repair Facility in Alabama
Joe Hudson’s Collision Center (JHCC) announced the acquisition of Mike Smith’s Automotive Collision Center in Dothan, Ala. The new location is JHCC’s 43rd in Alabama and the second in Dothan, reinforcing the company’s commitment to deepening its presence in key markets. “This acquisition represents an important part of our growth strategy,” said Brant Wilson, CEO […]
Classic Collision Acquires 5 Repair Centers in Mississippi, Alabama
Classic Collision, LLC announced the acquisitions of Lones Body Shop in Huntsville, Ala. and Steed’s Collision Center in Miss. Steed’s Collision Center operates repair facilities in Biloxi, Ocean Springs, and Vancleave, known for its expert technicians, cutting-edge equipment, and commitment to restoring vehicles to factory standards. Certified by Tesla and I-CAR Gold Class, the company […]
Quality Collision Group Acquires 3-Shop MSO in Virginia
Quality Collision Group (QCG) announced the acquisition of three Bruce’s Super Body Shops with locations in Williamsburg and Richmond, Va. With this acquisition, QCG will have 92 shops spread across the country. Founded in 1978, Bruce’s Super Body Shops has built a legacy of excellence, consistently providing high-quality repairs across their three locations “Bringing Bruce’s […]
Admiral Group to Sell Elephant Insurance Company to J.C. Flowers
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 […]