August 1 targeted completion date for acquisition. Uni-Select Inc. (TSE:UNS) announced today that LKQ Corporation (NASDAQ:LKQ) has elected to formally waive the closing condition relating to the receipt of UK merger clearance for the previously announced acquisition of Uni-Select by LKQ and its subsidiaries. LKQ also stated in its second quarter earnings announcement today that […]
Jeff McFadden Partners with Jeremy Lennox at Harvey’s Collision Centers
Dallas, Texas-based Harvey’s Collision Centers announced the addition of Jeff McFadden as their new partner, assuming the role of CEO and co-owner. With a career spanning 37 years in the industry, McFadden previously served as president of Service King Collision. “We are thrilled to welcome Jeff McFadden as our partner,” said Jeremy Lennox, owner of […]
UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select
LKQ had previously announced its intention to divest Uni-Select’s GSF Cark Parts UK business as part of acquisition. A fast-track Phase 1 investigation by the UK Competition and Markets Authority (CMA) confirmed July 21 that LKQ Corporation’s purchase of Uni-Select Inc. could raise competition concerns in the UK. LKQ, through Euro Car Parts, and Uni-Select, […]
Kinderhook Industries Acquires Continental Auto Parts
New Jersey based aftermarket collision repair parts distributor has ten hubs in four states. Kinderhook Industries, LLC announced today the acquisition of Continental Auto Parts, L.L.C. in partnership with management. Continental Auto Parts is a is a Newark, New Jersey based distributor of aftermarket collision automotive parts to multi-shop operators (MSOs) and independent collision repair […]
LKQ Europe Acquires Commercial Parts Distributor in UK and Ireland
Marks entry into European aftermarket truck parts business. LKQ Europe has entered the truck parts business with the acquisition of Digraph, the UK’s leading independent aftermarket commercial parts distributor specializing in heavy goods vehicle (HGV), coach and bus parts. Following the transaction, Digraph will be integrated into the LKQ UK and Ireland group, alongside LKQ […]
Safelite Group Acquires Florida Auto Glass Business
The Safelite Group announced the acquisition of Florida-based Ideal Auto Glass with two locations in Odessa and Sanford, Fla. The transaction was completed on Friday, July 14. “We continue to grow with a focus on providing the quality glass services that our customers expect from us,” said Safelite’s President and CEO, Renee Cacchillo. “And we’re […]
State Farm Ventures Invests in Snapsheet
Investment strengthens multi-year relationship between investment arm of largest U.S. private passenger auto insurer and claims technology firm. Snapsheet, the company specializing in claims management technology, today announced a strategic investment from State Farm Ventures, the wholly-owned subsidiary of State Farm Mutual Automobile Insurance Company launched in 2018. Snapsheet streamlines and expedites the claims process, […]
Tractable AI Raises $65M in Series E Funding
Tractable, the company employing artificial intelligence (AI) using computer vision to assess the condition of cars and homes, today announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. As part of the transaction, Nahoko Hoshino, Investment Director for SoftBank Investment Advisers will […]
Classic Collision Acquires New Repair Center in Tennessee
Classic Collision, LLC announced the acquisition of Dayton Collision Center in Dayton, Tenn., expanding its presence in the state. “We have been the repair center of choice in Dayton by performing high quality repairs and providing a one-of-a-kind customer service experience. We are thrilled to continue that journey now as Classic Collision,” stated Rich Ritchie […]
Classic Collision Acquires New Collision Repair Center in Minnesota
Classic Collision, LLC, the multi-site collision repair operator based in Atlanta, announced the acquisition of a Maaco Franchise in Fridley, Minn. “Our mission has been to be the reliable choice in collision repair and provide excellent customer service and I believe that Classic Collision will uphold that mission” stated Andy McClure former owner of Maaco […]
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