Board of Directors rejects two more Chubb proposals. The Hartford Financial Services Group Inc. (NYSE: HIG) today announced the receipt of two additional unsolicited proposals from Chubb Limited (NYSE: CB) to acquire the company. According to Hartford, it received a letter dated March 30, where Chubb said it was prepared to offer “in excess of […]
PPG Acquires Automotive Coatings Manufacturer Cetelon
PPG (NYSE: PPG) today announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. Cetelon develops and manufactures a wide range of coating systems for the wheel industry, including certain proprietary technologies. It operates production and sales offices […]
Boyd Group Acquires Collision Repair Center in Vero Beach, Florida
The Boyd Group Inc. announced the acquisition of a collision repair center in Vero Beach, Fla. The new Gerber Collision & Glass location operated as Perfection Paint & Body for over 20 years. Vero Beach is the county seat of Indian River County and home to aviation manufacturer Piper Aircraft. Tourists visit Vero Beach to […]
Penske Automotive Acquisition of Kansas City Freightliner Includes Collision Repair Centers in Kansas and Missouri
Penske Automotive Group, Inc. (NYSE:PAG) and Premier Truck Group (PTG), its wholly-owned commercial vehicle subsidiary, have completed the acquisition of Kansas City Freightliner (KCFL), a retailer of medium and heavy-duty commercial trucks. The KCFL acquisition is expected to generate $450 million in annualized revenue, building further scale within Premier Truck Group. The acquisition adds five […]
Farmers Closes Acquisition of MetLife Auto & Home Property and Casualty Business
The Farmers Exchanges and Farmers Group, Inc. (FGI) announced they have jointly completed the previously announced acquisition of MetLife’s property and casualty business for a purchase price of $3.94 billion as of April 7, assuming responsibility for 2.4 million policies in force. The closure provides the Farmers brand significant opportunity to expand its customer reach with […]
Boyd Group Acquires Collision Repair Center in Milwaukee
The Boyd Group Inc. announced the acquisition of a collision repair center in Milwaukee, Wisconsin. The new Gerber Collision & Glass location operated as Prestige Auto Works and has served this market for nearly 40 years. Milwaukee is the largest city in Wisconsin with a metropolitan population of over 2 million people and is the […]
Boyd Group Acquires Collision Repair Center in California
The Boyd Group Inc. announced the acquisition of a collision repair center in Simi Valley, California. The new Gerber Collision & Glass location originated in 1982 as Star Auto Body and has operated at the current location since 2000. Simi Valley is part of the Greater Los Angeles area, located in the southeast corner of […]
Kemper Completes Acquisition of American Access
Kemper Corporation (NYSE: KMPR) announced today that it has closed its previously announced acquisition of American Access Casualty Company (AAC) and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries. AAC provides specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas. Pursuant to the terms of the acquisition […]
Boyd Group Acquires Three Collision Repair Centers in Florida
The Boyd Group Inc. announced the acquisition of three collision repair centers in Tallahassee, Fla. These locations operated as Universal Collision, the first opening in 2001. Tallahassee is the state capital of Florida, county seat of Leon County and home to Florida State University and Florida A&M universities. With a population approaching 200,000 people, Tallahassee […]
Crash Champions Acquires Collision Repair Center in Illinois
Crash Champions, LLC announced March 29 the acquisition of Collision Repair Center, Inc. in East Moline, Ill., adding to its growing national footprint. This acquisition follows the company’s 2020 acquisitions of Chicago Collision, DuPage Auto Body and Albany Auto Body in the greater Chicago area, as well as Arnold’s Auto Body, Inc., in nearby Davenport, […]
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