Addition of super-regional insurer is anticipated to make Liberty 2nd-largest independent agency carrier in U.S. Liberty Mutual Holding Company Inc., State Automobile Mutual Insurance Company and State Auto Financial Corporation (NASDAQ: STFC) announced today that they have signed a definitive agreement for Liberty Mutual to acquire State Auto Group, a super-regional insurance holding company headquartered […]
Axalta Acquires U-POL
The UK-based refinish product manufacturer does business in over 100 countries and expects 2021 fiscal net sales of $145 million. Axalta Coating Systems (NYSE: AXTA) today announced that it will acquire U-POL Holdings Limited from Graphite Capital Management LLP and other holders for £428 million ($590 million) subject to certain adjustments set forth in the […]
Group 1 Automotive Acquires Nine Franchises in the U.K.
Group 1 Automotive, Inc. (NYSE: GPI) today announced the expansion of its U.K. operations with the acquisition of nine businesses northeast of London, primarily in the region of East Anglia. These operations represent the family of brands offered by the Volkswagen Group, along with one Citroen dealership with major locations in the cities of Norwich, […]
Boyd Group Acquires 16 Repair Centers in South Carolina and Georgia
The Boyd Group Inc. announced the acquisition of 16 collision repair centers located in South Carolina and Georgia. These new Gerber Collision & Glass repair centers operated as John Harris Body Shops originating in 1975 in Columbia, South Carolina. The South Carolina repair centers are located in Bluffton, Charleston, Columbia (2), Greenville, Greer, Irmo, Lexington […]
Crash Champions Acquires Five Collision Repair Centers in Colorado
Marks entry into Colorado with acquisitions in Denver and Fort Collins metro areas. Crash Champions, LLC announced it has entered the Colorado market with the acquisition of five collision repair centers in two separate transactions. Crash Champions acquired Auto Collision Experts (ACE), with four locations in the Fort Collins metropolitan area, and Karas Auto Body, […]
Hyundai Acquires Robotics Firm Boston Dynamics from SoftBank
Hyundai Motor Group, Boston Dynamics, Inc. and SoftBank Group Corp. (SoftBank), on June 21 announced the completion of the Group’s acquisition of a controlling interest in Boston Dynamics from SoftBank, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Additional financial details were […]
Signature Collision Centers Merges with Crash Champions
Following transaction, Crash Champions will have 118 collision repair centers across the U.S. Crash Champions announced today that the Company has entered into an agreement with Signature Collision Centers, one of the largest family owned, independent collision repair companies on the East Coast, to add Signature’s 24 locations to the Crash Champions collision repair platform. […]
IAA Acquires Auto Exchange
Expands company’s footprint in New Jersey market. IAA, Inc. (NYSE: IAA) announced today that it has acquired the entirety of the assets of Marisat, Inc. that does business as Auto Exchange, a salvage recovery industry leader in New Jersey. IAA will operate the business of Auto Exchange going forward. Financial terms of the transaction were […]
Boyd Group Acquires Collision Repair Center in Pittsburgh
The Boyd Group Inc. announced the acquisition of a collision repair center in Pittsburgh, Pa. This new Gerber Collision & Glass location operated as Wolbert Auto Body & Repair and provided service in the community for 49 years. Pittsburgh is the second largest city in Pennsylvania, the county seat of Allegheny County, and the primary […]
Cambridge Mobile Telematics Acquires TrueMotion
Cambridge Mobile Telematics (CMT), the leader in mobile telematics and analytics, announced it has acquired TrueMotion, the second largest mobile telematics provider. CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, […]
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