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 […]
BASF Coatings Names Executive Committee to Lead Standalone Company
Sale to Carlyle Group expected to close next week. BASF Coatings has named the seven-member executive committee that will run the automotive coatings business as an independent company beginning July 1, when its sale to Carlyle Group is expected to close. The committee will be led by incoming chief executive officer Jens Luehring. The appointments […]
Axalta Sets Aug. 5 Stockholder Vote on AkzoNobel Merger
Axalta Coating Systems Ltd. (NYSE: AXTA) will hold a special meeting of stockholders Aug. 5 to vote on its proposed all-stock merger of equals with AkzoNobel N.V., after the U.S. Securities and Exchange Commission declared effective the registration statement underlying the deal and Axalta filed its definitive proxy statement. Axalta’s special meeting is set for […]
AkzoNobel Sets Aug. 5 Shareholder Meeting on Axalta Merger as SEC Clears Registration Statement
AkzoNobel N.V. will convene an extraordinary general meeting of shareholders Aug. 5 in Amsterdam to vote on its proposed all-stock merger of equals with Axalta Coating Systems Ltd., advancing a roughly $25 billion combination that would create the world’s No. 2 coatings company and one of the largest suppliers to the collision repair industry. The […]
PGW Auto Glass Acquires Windshield Surgeons in Alberta, Expanding Canadian Operations
PGW Auto Glass has acquired Windshield Surgeons, an Alberta-based automotive glass company, in a move the distributor said June 24 extends its push to build out its Canadian business. “Windshield Surgeons is a strong strategic fit for PGW as we continue to grow our Canadian business,” said Todd Fencak, CEO of PGW. “This acquisition allows […]