Solera Holdings, Inc. announced that it has completed its previously announced acquisitions of Omnitracs, DealerSocket and eDriving. Omnitracs is a fleet management platform, DealerSocket is a SaaS provider to the automotive industry and eDriving is the digital driver risk management partner for many of the world’s largest commercial fleets. Solera’s expansion through these transactions is […]
Solera Acquires eDriving
Solera Holdings, Inc. announced that it has acquired eDriving, the digital driver risk management partner for many of the world’s largest commercial fleets. This acquisition expands Solera’s position serving all constituents engaged in vehicle lifecycle management. eDriving identifies and remediates risky commercial driver behavior. The company’s flagship product, Mentor by eDriving, provides a unique smart-phone-based […]
Progressive Completes Acquisition of Commercial Insurer Protective Insurance
The Progressive Corporation (NYSE:PGR) announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 […]
Allstate Acquires SafeAuto
Will leverage its National General platform to grow personal property-liability business. The Allstate Corporation (NYSE: ALL) announced it has agreed to acquire SafeAuto, a non-standard auto insurance carrier focused on providing state-minimum private-passenger auto insurance with coverage options in 28 states. Total consideration includes a $270 million cash purchase price plus approximately $30 million in […]
LKQ Acquires Hybrid Battery Reconditioner Green Bean Battery
LKQ Corporation (NASDAQ: LKQ) today announced that it has acquired the business and assets of Green Bean Battery, LLC. Founded in 2016, Green Bean is a hybrid battery reconditioner and installer, which has developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life. Green Bean acquires […]
Classic Collision Acquires 4 Collision Repair Centers
Marks entry into Alaska for multiple shop operator, also adds location in Florida. Classic Collision, LLC announced two separate acquisitions of three Able Body Shops in Anchorage, Alaska and one Prestige Auto Collision in Cutler Bay, Fla. Classic Collision now operates a total of 74 repair centers in Georgia, Florida, Alabama, South Carolina, California, and […]
Boyd Group Acquires Collision Repair Center in Texas
The Boyd Group Inc. announced the acquisition of a collision repair center in Amarillo, Texas. The new Gerber Collision & Glass location operated as a new car dealership and has great curb appeal on a major roadway. Amarillo is the county seat for Potter County, is the 14th most populous city in Texas and the […]
Boyd Group Acquires Two Collision Repair Centers in Maryland
Adds one of the oldest collision repair operations in the state, founded nearly 100 years ago. The Boyd Group Inc. announced the acquisition of two collision repair centers in Baltimore and Reisterstown, Maryland. These new Gerber Collision & Glass locations operated as Camden Body & Fender, founded 96 years ago, and is one of the […]
Infomedia Acquires Auto E-Commerce Platform SimplePart
Infomedia Ltd (ASX:IFM), the software provider in parts, service and data insights solutions to the global automotive industry, announced earlier this month that IFM Americas Inc., a wholly owned subsidiary of Infomedia Ltd, has entered into an agreement to acquire US-based e-commerce platform, SimplePart. SimplePart designs, implements and manages consumer-facing e-commerce programs in the US […]
Solera Acquires Omnitracs and DealerSocket
Solera Holdings, Inc. announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. These acquisitions will extend Solera’s position in global data intelligence and as a technology leader serving all constituents engaged in vehicle lifecycle management. The acquisitions will build upon Solera’s strategy to […]
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