End of bid clears path for continuation of AkzoNobel and Axalta merger of equals. Nippon Paint Holdings Co. and The Sherwin-Williams Company said June 3 they have ended their joint effort to acquire Akzo Nobel N.V., removing the chief obstacle to AkzoNobel’s proposed $25 billion all-stock merger of equals with Axalta Coating Systems Ltd. The […]
AkzoNobel Rejects Joint Cash Bid From Nippon Paint, Sherwin-Williams
Disclosure of offer comes in advance of the public U.S. SEC filing detailing proposed AkzoNobel-Axalta merger. Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) rejected a conditional, non-binding joint cash bid from Nippon Paint Holdings Co. and The Sherwin-Williams Company that would have broken up the Dutch coatings maker, opting to proceed with its $25 billion […]
Puget Collision Group Reaches 72 Stores with Acquisition of Six Fix Auto USA Locations
Puget Collision Group has acquired six Southern California collision repair facilities from longtime Fix Auto USA franchisee Richard Fish, bringing the Eagle Merchant Partners-backed multi-shop operator’s portfolio to 72 stores. The transaction includes Fix Auto Oceanside, Fix Auto San Clemente, Fix Auto Tustin, Fix Auto Long Beach, Fix Auto Signal Hill and Fix Auto Carlsbad […]
Boyd Group Reports Record First Quarter Sales of $996.7 Million
Same store sales up 1.7%. Boyd Group Services Inc. (TSX: BYD; NYSE: BGSI) reported first quarter sales of $996.7 million for the three months ended March 31, an increase of 28.1% from $778.3 million in the same period of 2025, as the contribution from its Joe Hudson’s Collision Center acquisition combined with positive same-store sales […]
Gee Automotive Acquires 15 Jim Click and Tuttle-Click Dealerships, Three Collision Centers
Gee Automotive Companies has completed its acquisition of 15 dealerships and three collision repair centers from the Jim Click Automotive Team in Southern Arizona and the Tuttle-Click Automotive Group in Southern California, the company announced May 6. The deal closed April 28 and includes nine Tucson-area stores from Jim Click and six Orange County stores […]
Vella Group Acquires GB Flint Coachworks to Reach 20 U.K. Locations
The Vella Group said it has acquired GB Flint Coachworks, a family-owned collision repairer located between Derby and Nottingham, bringing the U.K. multi-site operator to 20 locations across England and Wales. The deal extends Vella’s footprint into the East Midlands. Private equity firms Ama Capital and Keyhaven Capital Partners backed a management buyout of the […]
AkzoNobel Reports First Quarter Results
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported first-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €345 million ($404.2 million) on April 22, a 3% decline as reported but a 7% increase at comparable scope and constant currencies, as the coatings supplier delivered its fourth consecutive quarter of year-over-year margin expansion. Adjusted […]
UK Competition and Markets Authority Opens Comment Period on AkzoNobel-Axalta Merger
The U.K.’s Competition and Markets Authority (CMA) opened a 15-day invitation to comment on April 16 on the proposed $25 billion merger of Akzo Nobel N.V. and Axalta Coating Systems Ltd., the first formal step in the British regulator’s review of a combination that would create the world’s No. 2 coatings company. The CMA is […]
AkzoNobel to Sell Pakistan Subsidiary to Packages Group in €50 Million Deal
AkzoNobel has signed an agreement to sell Akzo Nobel Pakistan Limited to IGI Investments (Pvt.) Limited, part of Pakistan-based conglomerate Packages Group, in a transaction valued at 16.2 billion Pakistani rupees, or €50 million ($58.9 million). The deal represents an EV/EBITDA multiple of 14x. The Pakistan divestment is the next move in AkzoNobel’s strategic portfolio […]
New Ownership Announced for Abra Yankton Franchise in South Dakota
Abra Auto Body Repair has a new franchise owner in southeastern South Dakota, with Bruce Nerison taking the reins of Abra Yankton, the company announced. The ownership transition maintains local service at the 8,000-square-foot facility, which operates inside Northtown Chevy Buick GMC and employs five technicians across more than 10 work bays and two paint […]