Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced it has completed the purchase of the controlling stake of Kaynak Teknigi Sanayi ve Ticaret A.S. (Askaynak) to advance Lincoln Electric’s regional growth strategy in Europe, the Middle East and Africa . “We are pleased to welcome the Askaynak team into Lincoln Electric ,” stated Christopher L. Mapes, Chairman, […]
Plymouth Rock to Acquire NJ Motorcycle Insurer
Plymouth Rock Assurance reached agreement today to expand its investment in the motorcycle insurance segment with the acquisition of Rider Insurance Company, subject to regulatory approvals. A New Jersey-based motorcycle insurance carrier with $21 million in annual premiums, Rider Insurance was founded by a motorcycle enthusiast and has been committed to protecting fellow riders for […]
Australia’s Largest Insurer Acquires Majority Stake in Digital Car Subscription Platform
Insurance Australia Group Limited (IAG), Australia’s largest general insurer, has acquired a majority stake in digital car subscription and trading platform Carbar. Carbar, established in 2016, is Australia’s first car subscription platform and caters to growing customer appetite for alternative forms of vehicle ownership. According to its website, it offers car subscription starting at AU$109 […]
Fenix Parts to Acquire Cox Truck and Van
Fenix Parts, Inc. today announced the execution of a definitive agreement whereby Fenix Parts will acquire the assets of Cox Truck and Van, Inc. (CTV). The parties expect the acquisition to be completed in July. CTV, founded in 1977, operates a full service auto recycling facility in Gainesville, GA and both full service and self […]
Fix Auto UK Acquires Collision Repair Center in Wales
Fix Auto UK announced it has acquired its second independent collision repair center. The organization has purchased Ian Hughes Motor Body Repair Centre in Colwyn Bay, North Wales, from previous owner Ian Hughes, who is retiring from the industry after establishing the business over the last 30 years. Ian’s son Simon will stay with the […]
Copart Acquires New Location in Hartford
Copart, Inc. (NASDAQ:CPRT) opened a new location in Hartford, Connecticut. This location was formerly Hartford-Springfield Auto Auction. This is Copart’s second location in the state. “Our new Hartford location will provide capacity to accommodate our continuing growth in volume and additional convenience for our buyers in the region,” said Copart CEO Jay Adair. Copart hosts […]
Group 1 Automotive Acquires Two BMW/MINI Dealerships in New Mexico
Group 1 Automotive, Inc. (NYSE:GPI) announced the acquisition of two BMW/MINI dealerships. The dealerships are located in Albuquerque and Santa Fe, and represent the only BMW and MINI franchises in the state of New Mexico. Also included in the acquisition are BMW Motorrad franchises in Albuquerque and Santa Fe, making Group 1 the exclusive seller […]
Enterprise Rent-A-Car UK Completes Acquisition of SHB Hire
Enterprise Rent-A-Car UK today announced that it has completed the previously announced acquisition of Romsey-based SHB Hire, which operates a fleet of more than 18,500 commercial vehicles. Enterprise will now begin an integration process to create one of the UK’s largest and most diverse commercial vehicle rental businesses, with a combined fleet of more than […]
MPE Partners Invests in Garmat USA
Private equity firm MPE Partners announced today an investment in Garmat USA, LLC. Located in Englewood, Colo., Garmat USA designs and manufactures paint booths, finishing solutions, and related accessories for the collision repair and industrial end markets. Garmat, founded in 1988, serves collision repair shop customers through a nationwide network of distributor partners. Based in […]
Boyd Group Acquires Collision Repair Center in Texas
The Boyd Group Inc. announced the opening today of a Gerber Collision & Glass collision repair center in Austin, Texas. The location previously operated as Aus-Tex Body & Frame. Austin is the capital of Texas, the 11th largest city in the U.S., and home to the University of Texas. “We look forward to continuing to […]