The Hartford (NYSE:HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The […]
Classic Collision Acquires Collision Repair Center in Atlanta
Classic Collision, LLC announced it acquired Bentley’s Collision Center in the Atlanta, Ga. market. Classic Collision now has 31 Georgia locations and operates 66 centers total in Georgia, Florida, Alabama, South Carolina, and California. Bentley’s Collision Center is a family owned and operated Certified Body Shop that has been in business for over 41 years. […]
Chubb Limited Proposes to Acquire The Hartford
Chubb Limited (NYSE:CB) and The Hartford (NYSE:HIG) confirmed that Chubb made an unsolicited offer to acquire the company. The Hartford was the 20th largest private passenger automobile insurer in the U.S. with over $2 billion premiums written in 2019 and the 12th largest commercial auto insurer with over $775 million in premiums written. Chubb is […]
SPAC Merger Talks Involving Solera Holdings Reportedly Halted
Bloomberg yesterday reported that merger talks have halted between the special purpose acquisition company (SPAC) Apollo Strategic Growth Capital (APSG) and Vista Equity Partners to merge with three of Vista’s automotive software portfolio companies, including Solera Holdings. According to Bloomberg, the talks involved a potential $15 billion transaction that would have merged Solera Holdings, Inc., […]
LKQ Acquires Nebraska-Based Mobile Diagnostics Company
LKQ Corporation announced that it is acquiring Greenlight Automotive, a Nebraska-based automotive mobile diagnostic services business. Initially, until all systems are converted, Greenlight will continue to operate under its current branding. By year end, Greenlight will officially migrate to Elitek Vehicle Services branding. Through Greenlight, Elitek continues to expand its national coverage to include the […]
Classic Collision Acquires Multiple Collision Repair Shop Operator in California
Company now has 12 locations in the state, 65 in five states. Classic Collision, LLC, the multi-site collision repair operator based in Atlanta, Ga., announced its third multi-shop acquisition in California with the acquisition of all three Signature Auto Collision locations in the San Bernardino market. Classic Collision now has 12 California locations and operates […]
Private Equity Firm American Pacific Group and Gray Eagle Capital Partners Launch Aesop Auto Parts with Wayne Auto Salvage Acquisition
American Pacific Group (APG), a San Francisco-based private equity firm, announced today that, together with Allam Taj and Christoph Ganz of Gray Eagle Capital Partners, it has formed Aesop Auto Parts, a company that will serve as a platform to acquire and grow progressive auto recycling businesses. Simultaneously, Aesop acquired Wayne Auto Salvage, an established […]
Boyd Group Acquires Collision Repair Centers in Ohio and Texas
In two separate transactions, the MSO added three locations, including a former dealer facility. The Boyd Group Inc. announced the acquisition of two collision repair centers in Ohio and one in Texas. The new Gerber Collision & Glass locations in Ohio previously operated as Frankie & Dylan’s Complete Collision & Custom Repair, originating in Mentor […]
asTech Acquires adasThink
Repairify, Inc., the parent of asTech and a portfolio company of the private equity firm Kinderhook Industries, announced the acquisition of adasThink, a company that retrieves information related to the vehicle-specific advanced driver-assistance systems (ADAS) and identifies required procedures and calibration based on labor operations in an automotive repair estimate. The transaction represents the tenth add-on […]
3M Invests in asTech Parent Repairify
Strategic investment will help scanning and calibration firm expand in Americas and Europe. Repairify, Inc., known for its asTech device and remote scanning, programing, and calibration services, today announced a strategic investment from 3M. The investment from 3M will help Repairify further expand and accelerate its proprietary tools, technology and service offerings across the Americas […]
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