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You are here: Home / Archives for Acquisitions

Lemonade Sells Metromile’s Enterprise Business Solutions Platform

August 1, 2022 By CollisionWeek Editor

Lemonade (NYSE: LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to large insurance carriers. The all-cash transaction was completed following the close […]

Filed Under: News Tagged With: Acquisitions, EIS, Lemonade, Metromile

Driven Brands Acquires Jack Morris Auto Glass

July 28, 2022 By CollisionWeek Editor

Driven Brands Holdings Inc. (NASDAQ:DRVN) the acquisition of longstanding Tennessee-based Jack Morris Auto Glass. Family-owned and operated since 1951, Jack Morris Auto Glass grew from one location in Downtown Memphis to 10 facilities serving 90 counties throughout the Mid-South and Middle Tennessee. “To build and sustain a business through multiple generations is no easy feat,” […]

Filed Under: News Tagged With: Acquisitions, Auto Glass, Driven Brands, Tennesee

Lemonade Completes Acquisition of Metromile

July 28, 2022 By CollisionWeek Editor

Lemonade (NYSE:LMND) announced the closing of its previously announced acquisition of car insurance provider Metromile. Metromile shareholders received 7.3 million LMND shares, while Lemonade received a business with over $155 million in cash, over $110 million in premiums, an insurance entity licensed in 49 states, and a team unsurpassed in harnessing precision data for auto […]

Filed Under: News Tagged With: Acquisitions, Lemonade, Metromile

Classic Collision Expands in Colorado and Alaska

July 25, 2022 By CollisionWeek Editor

Announces collision repair center acquisition and newly constructed location. Classic Collision, LLC announced two new locations on July 22, including the acquisition of Ramsey AutoBody in Lakewood, Colo. and the opening of Classic Collision Wasilla in Wasilla, Alaska. Ramsey AutoBody has been in operation since 1969 and has been servicing the Denver Metro area for […]

Filed Under: News Tagged With: Acquisitions, Alaska, Classic Collision, Colorado, Openings

Uni-Select Acquires Distributor in Ontario, Canada

July 25, 2022 By CollisionWeek Editor

Uni-Select Inc. announced today that it has entered into a definitive agreement to acquire Maslack Supply Limited and related real properties, expanding its presence in Ontario, Canada.  Family-owned and operated, Maslack was founded in 1959 and has grown to include 13 locations across northern Ontario, over 200 dedicated employees, and over CA$52 million dollars ($42.4 […]

Filed Under: News Tagged With: Acquisitions, Canada, Ontario, PBE Distributor, Uni-Select

Safelite Group Acquires Michigan Glass Installer

July 20, 2022 By CollisionWeek Editor

Safelite Group announced the acquisition of Henderson Glass in Michigan. The transaction closed on Friday, July 15. “Founded in 1915, Henderson Glass has a long-standing history of outstanding customer service and a commitment to high-quality work,” said Renee Cacchillo, President and CEO of Safelite Group. “We’re proud to welcome their associates to our business.” “This […]

Filed Under: News Tagged With: Acquisitions, Auto Glass, Michigan, Safelite

Fenix Parts Acquires Auto Recycler in Central New York State

July 14, 2022 By CollisionWeek Editor

Fenix Parts announced it has completed its acquisition of the assets of A&P Auto Parts and U-Pull U-Save Auto Parts in central New York State. This is the largest acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LLC in April 2018. A&P is a full-service automotive recycler […]

Filed Under: News Tagged With: Acquisitions, Fenix Parts, New York State

Crash Champions and Service King to Merge

July 14, 2022 By CollisionWeek Editor

Collision repair shop operators combined organization will have more than 550 locations in 35 states. Crash Champions announced today that it has entered into an agreement to receive a growth investment from Clearlake Capital Group, L.P. and will simultaneously execute a strategic transaction with Service King Collision to merge the two large collision repair center […]

Filed Under: News Tagged With: Acquisitions, Clearlake Capital Group, Crash Champions, Service King Collision Repair Centers

Group 1 Automotive Acquires Three Dealerships and Collision Repair Center in Louisiana

July 12, 2022 By CollisionWeek Editor

Group 1 Automotive, Inc. (NYSE:GPI) with 204 dealerships located in the U.S. and U.K., announced the expansion of its U.S. operations with the acquisition of three dealerships and a collision center in Shreveport, Louisiana. The dealerships were acquired from Holmes European Motors, L.L.C., and include Mercedes-Benz, Sprinter, Land Rover, Jaguar and Volvo franchises. This acquisition […]

Filed Under: News Tagged With: Acquisitions, Group 1, Louisiana

Fix Auto UK Acquires Collision Repair Center from Franchise Partner

July 12, 2022 By CollisionWeek Editor

Fix Auto UK announced the acquisition of Fix Auto Henley-on-Thames, a move that takes the organization’s number of wholly and part-owned collision repair centers to 10. It acquired the business from franchise partner Jamie Butler following his decision to step away from the industry altogether. This latest acquisition follows the purchase of St Woolos Auto […]

Filed Under: News Tagged With: Acquisitions, Fix Auto UK, United Kingdom

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