Classic Collision, LLC announced the acquisition of Fawbush Body Shop in Livingston, Texas. Fawbush Body Shop has served Livingston and the surrounding communities for over 30 years. Classic Collision, founded in 1983 in Atlanta, Ga., operates 351 collision repair facilities nationwide.
Puget Collision Acquires Repair Facility in Oregon
J&W Auto Body, located in McMinnville, Ore., has been acquired by Puget Collision. Focus Advisors, which specializes in collision repair mergers and acquisitions, advised J&W Auto Body on the transaction announced October 14. Terms were not disclosed. “From day one, our goal was simple: do excellent work, stand behind it, and treat people right,” said […]
BASF Sells Majority Stake in Coatings Business to Carlyle
Chemical company to keep 40% stake as private equity firm carves out coatings unit for an enterprise value of $8.9 billion. BASF SE agreed today to sell a majority stake in its automotive and industrial coatings businesses to Carlyle Group Inc. for an enterprise value of €7.7 billion ($8.9 billion), while retaining a 40% stake […]
Carlyle Reported Front-Runner to Acquire BASF Coatings Business
Private equity firm Carlyle Group has emerged as the front-runner in talks to acquire BASF’s coatings business in a deal valued at roughly €7 billion ($8.2 billion), according to a Reuters report today citing a source close to the matter. According to Reuters, Carlyle has outbid other financial investors that had shown interest in the business. […]
LKQ Corporation Completes the Sale of Self Service Segment
LKQ Corporation (NASDAQ: LKQ) announced it has completed its previously announced agreement to sell its Self Service segment, Pick Your Part, to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary purchase price adjustments. Justin Jude, President and Chief Executive Officer, commented, “We are executing on […]
Classic Collision Acquires 8 Location MSO
Classic Collision, LLC, announced Friday the acquisition of eight Advanced Collision Inc. locations in Tennessee and Georgia. For 25 years, Advanced Collision has been a trusted, locally owned leader in collision repair, proudly serving drivers across Georgia and Tennessee.
Australia Association Warns Insurer Acquisitions Threaten Competition
The Motor Trades Association of Australia (MTAA) said September 18 it supports regulators’ concerns about consolidation in the motor insurance market but opposes a pending acquisition that would further reduce competition. The MTAA warned the Australian Competition and Consumer Commission against approving Insurance Australia Group Limited’s (ASX: IAG) proposed acquisition of RAC Insurance Pty Limited […]
Leslie Doggett Auto Group Acquires Russell & Smith Ford, Honda Dealerships, Collision Center and Ford Parts Distribution Business in Houston, Texas
The Leslie Doggett Auto Group announced the acquisition of Russell & Smith Ford, Honda, and Collision Center operations, as well as one of the nation’s top five wholesale Ford and Honda parts distribution businesses. Located at the 610 South Loop and Main Street in Houston, Texas, the acquisition was made from the Mike Smith and […]
Wesco Group Acquires DealerShop Paint Distribution Division
Wesco Group announced the acquisition of DealerShop’s Paint Distribution Division, expanding the paint and body equipment distributor’s U.S. operations. The acquisition adds to Wesco Group’s network of locations serving automotive refinish, industrial, commercial, aerospace and marine markets. Financial terms were not disclosed. DealerShop, based in Bloomfield Hills, Michigan, operates what it calls the first U.S.-based […]
Caliber Acquires Mobile Repair Firm to Expand Fleet Services
Caliber has acquired Car Body Lab, a mobile auto body repair service operating in 20 cities across seven states. Financial terms of the transaction were not disclosed. The acquisition expands Caliber’s fleet solutions division, which provides repair services to large commercial vehicle fleets. Car Body Lab will continue operating as a standalone business. “Caliber is […]