Current private equity holder of majority stake in public company said considering sale. According to a report by Bloomberg, Bain Capital is among companies considering acquiring a majority stake in CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). The Bloomberg report cites anonymous sources that said Bain is one potential bidder for Advent International’s majority stake that […]
Lift Auto Group Acquires Collision Repair Center in British Columbia
CSN Northline in Smithers, British Columbia, Canada, has been acquired by the Lift Auto Group. Previous owner, Dave Onderwater, with his 30 years of ownership and operational experience, will be continuing as the main painter in the shop. His involvement will play a crucial role in maintaining the high-quality standards that have been synonymous with […]
CCC’s Majority Shareholder Reported Considered Selling Stake in Company
According to a report by Reuters, Advent International is considering selling its stake in CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). The private equity firm acquired its stake in 2017 when it purchased the company from CCC’s previous owners Leonard Green & Partners (LGP) and TPG Capital (TPG). CCC was taken public in 2021 through a […]
Classic Collision Acquires 6 Collision Repair Centers in Virginia
Marks entry into the state. Classic Collision, LLC announced it closed the acquisition of six new collision repair centers on September 15. The Atlanta-based multi-site collision repair operator acquired Elite Auto Body Group, one of the largest independently owned groups in the Tidewater area of Virginia. The newly acquired locations are Classic’s first collision repair […]
J.D. Power Acquires Autovista Group
Adds European and Australian automotive data and analytics provider of vehicle valuation and repair estimate data. J.D. Power today announced a definitive agreement to acquire Autovista Group, a pan-European and Australian automotive data, analytics and industry insights provider. The acquisition complements J.D. Power’s strengths in vehicle valuation and detailed vehicle specification data and analytics while […]
OpenRoad Collision Acquires 6 Collision Repair Centers in Oklahoma
OpenRoad Collision announced a strategic partnership with Bill Knight Collision, a six location multi-shop operator (MSO) with locations in Tulsa and Stillwater, Okla. Combined, the OpenRoad Collision family of brands now owns and operates collision repair centers across Texas, New Mexico, and Oklahoma. The addition of Bill Knight Collision not only expands OpenRoad Collision’s geographic […]
Asbury Automotive Group Acquires Jim Koons Automotive
Sale of ninth largest private dealership group in the US includes 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland and Delaware. Asbury Automotive Group, Inc. (NYSE: ABG) announced an agreement to acquire Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S. The sale of the Mid-Atlantic Region company is […]
Classic Collision Acquires Two New Collision Repair Centers in Houston, Texas
Classic Collision, LLC announced the acquisition of Meyerland Collision Centers in Houston, Texas. Meyerland Collision Centers has been family-owned and proudly serving the Houston Meyerland area for more than 15 years. The Meyerland team, equipment, and facilities all demonstrate their commitment to providing you with the best available customer service and quality care possible. “Our […]
Longtime Minnesota Abra Franchisee Acquires Fifth Location
Kedrick and Louann Johnson, owners of KLST Inc., the owners of Abra Elk River, Abra Princeton, Abra St. Cloud, and Abra Duluth in Minnesota, recently purchased their fifth collision repair center, Abra Cloquet, from fellow franchisee, Mike DeBoer. Kedrick began his career working alongside his uncle in the 1960s. Kedrick continued to develop his skills […]
Crash Champions Acquires Two Collision Repair Centers in New Jersey
MSO now has six locations in the Garden State. Crash Champions today announced the acquisition of Terry’s Auto Body in Whippany, N.J., and Towne Auto Restoration in Randolph, N.J. The acquisition officially closed on Friday, August 25. Crash Champions now has six locations in New Jersey and more than 600 repair centers in 36 states […]
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