Lift Auto Group announced that it has significantly expanded its Alberta, Canada operations with the acquisition of Herbers Autobody comprising of five locations in the Edmonton region and one in Grande Prairie. Herbers serves the Edmonton, Grande Prairie and Leduc regions. “Lift is very excited to include Herbers Autobody in its rapidly expanding portfolio of […]
Classic Collision Acquires New Repair Center in Lakeland, Florida
Classic Collision, LLC announced Friday the acquisition of Auto Tech Collision Center in East Lakeland, FL. The owners have been in business for over 18 years with a highly qualified team providing an outstanding repair process for their clients. “An accident can be a very unpleasant situation and we have striven to make this as […]
Shareholders Approve Ritchie Bros. Acquisition of IAA
Majority of shareholders approve of acquisition following proxy fight. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) and IAA, Inc. (NYSE:IAA) announced that shareholders approved the previously announced amended merger agreement between the two companies. Based on the preliminary vote count provided by its proxy solicitors following the company’s Special Meeting of Shareholders held yesterday, Ritchie Bros. […]
CARSTAR Collision Clinic of Edmonds and Bellevue, Washington Sold to Puget Collision
Focus Advisors, the M&A firm specializing in collision repair transactions, announced the sale of CARSTAR Collision Clinic in Edmonds and Bellevue, Washington to Puget Collision. The transaction represented a successful exit for owner Bruce Lingle, who started in the industry as a technician and later built his MSO for over 44 years in the Edmonds […]
Kinderhook Partners with Auto-Wares and Acquires Lafayette Warehouse
Kinderhook Industries, LLC announced the recapitalization of AWI Holdings, LLC (Auto-Wares) in partnership with management. Auto-Wares is a distributor of aftermarket automotive parts to independent service centers, independent parts stores, and direct to consumer through its network of 200+ company-owned stores. Financial terms of the transaction were not disclosed. Subsequent to the recapitalization, Auto-Wares acquired […]
Safelite Group Acquires Mark’s Mobile Glass in Missouri
The Safelite Group announced an agreement to acquire the auto glass assets of Mark’s Mobile Glass operating throughout Central Missouri. The transaction was completed on Friday, March 3. “We enjoy welcoming new team members to our business and leveraging their talents in providing the quality glass repair, replacement and recalibration services our customers expect from […]
Ritchie Bros. Thanks Shareholders for Support of IAA Acquisition
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) on March 3 issued the following statement regarding the support it is receiving from many shareholders, including among the Company’s largest shareholders, as well as industry analysts on its acquisition of IAA, Inc. (NYSE:IAA): Vontobel Asset Management, which owns 2.15% of Ritchie Bros. shares, has joined many other Ritchie […]
LKQ to Acquire Uni-Select for $2.1 Billion
Acquisition of FinishMaster parent complements North American refinish paint distribution operations and aftermarket automotive parts business. LKQ Corporation (NASDAQ:LKQ) and Uni-Select Inc. (TSE:UNS) today announced that they have entered into a definitive agreement for LKQ to acquire all of Uni-Select’s issued and outstanding shares for CA$48.00 ($35.41) per share in cash, representing a total enterprise […]
InsurTech Company Roadzen to Go Public Via SPAC Merger
Roadzen Inc., an insurance technology company, announces plans to become a publicly traded company via a merger with a special purpose acquisition company (SPAC) Vahanna Tech Edge Acquisition I Corp. The combined company will be listed on the Nasdaq exchange. Roadzen has built a technology platform that uses telematics, computer vision and artificial intelligence (AI) […]
Collision Repair Consolidators Continued to Grow in 2022
Focus Advisors provides 2022 Year in Review examining growth of large collision repair facility operators in the U.S. and 2023 forecast. According to the mergers and acquisition firm Focus Advisors, the acquisition and development strategies of key consolidators have come more sharply into view during 2022. While the Big Four national collision repair brands became […]
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