The Specialty Equipment Market Association (SEMA) announced August 29 it has acquired the Off-Road Business Association (ORBA), a nonprofit trade group representing businesses in the off-road and powersports industries. SEMA did not disclose financial terms of the deal. The acquisition brings together two organizations that have collaborated on industry advocacy efforts, particularly regarding motorized vehicle […]
LKQ Sells Self Service Segment
LKQ Corporation (NASDAQ: LKQ) today announced it has entered into an 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 post-closing purchase price adjustments. This proposed transaction was the result of a competitive bid sale […]
Former Denver Collision Repair Shop Owner Faces Lawsuit Over $4.4 Million Shop Sale
A former Denver collision repair shop owner and restaurateur is being sued for allegedly inflating financial figures in the $4.4 million sale of his Englewood repair facility. According to a report in the Denver Post, Alex Gurevich sold Front Range Auto Group and its real estate on July 21. Buyer Valente Fernandez filed suit on […]
Boyd Group Reports Second Quarter Sales Up Year over Year
Collision repair chain surpasses 1,000 locations while margins improve despite declining same-store sales. Boyd Group Services Inc. (TSE: BYD) reported sales of $780.4 million for the second quarter ended June 30, up 0.2% from $779.2 million in the same period last year. Same-store sales declined 2.1%, offset by $21.0 million in revenue from new location […]
VIVE Collision Acquires Delaware EV Repair Shop, Enters 10th State
VIVE Collision has acquired Evolve: Electric Vehicle Specialists, marking the company’s entry into Delaware and expansion to 63 locations across 10 northeastern states. The acquisition gives VIVE Collision its first Delaware location and adds specialized electric vehicle repair capabilities to its network. Evolve operates a 35,000-square-foot facility with 25 repair bays designed for electric vehicle […]
Colours Acquires Fox Valley Auto Paint Locations in Rockford and Aurora, Illinois
Colours Inc. announced the acquisition of Fox Valley Auto Paints’ locations in Rockford and Aurora, Ill. “We’re excited to welcome the Fox Valley team and their loyal customers into the Colours family,” said Ali Mahalak, President & CEO of Colours, Inc. “Our goal is to make this a seamless transition while enhancing what’s already working […]
Fenix Parts Acquires Grade A Auto Parts
Fenix Parts has acquired Grade A Auto Parts, the Louisville, Kentucky-based company with operations across five Midwest states, the companies announced Tuesday. The acquisition expands Fenix’s geographic reach into Kentucky, Missouri, Ohio, Tennessee and Indiana. Grade A also maintains sales representatives nationwide. As part of the deal, Grade A CEO Sean Garber will join Fenix’s […]
Genstar Reported Exploring Potential $5 Billion Sale of OEConnection
According to a report by Reuters today, private equity firm Genstar Capital is considering the sale of OEConnection that could value the provider of ecommerce tools for collision repair parts and OEM certified repair network management at up to $5 billion. According to Reuters report, Genstar has engaged investment bankers to advise on a potential […]
G&C Auto Body Acquires Chico, California Collision Repair Facility
G&C Auto Body announced it has acquired Miracle Auto Body in Chico, Calif., adding to its network of more than 50 locations across northern California. The acquired shop at 2304 Park Avenue strengthens the company’s presence in the Chico market and will be rebranded as G&C Auto Body – Chico and is scheduled to open […]
Classic Collision Acquires Louisiana Repair Facility
Classic Collision LLC acquired Auto Craft Inc., a collision repair shop in Gretna, La., the Atlanta-based company announced Friday. Auto Craft has operated in Gretna for 49 years as a family-owned business. Classic Collision, founded in 1983, operates 341 collision repair facilities nationwide and ranks among the largest privately held auto body repair providers in […]
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