Crash Champions, LLC announced the acquisition of nine collision repair shops in several separate transactions in Ohio, Illinois, Missouri, Kansas, and Wisconsin. In the Cleveland, Ohio market, Crash Champions completed the acquisition of three Excalibur Collision repair shops, located in Streetsboro, Chagrin Falls, and South Euclid and comprising 34,200-sq. ft. total for conventional insurance work. […]
Classic Collision Acquires Two Collision Repair Centers in Florida
Multiple shop operator now has 60 facilities in five states. Classic Collision, LLC announced its second acquisition in two weeks with the acquisition of America’s Best Auto Body locations in Palm Bay and Vero Beach Fla. Classic Collision now has 18 Florida locations and operates 60 centers total in Georgia, Florida, Alabama, South Carolina, and […]
Allstate to Sell Life Insurance Business for $2.8 Billion to Focus on Personal Property Insurance and Protection Business Growth
The Allstate Corporation (NYSE: ALL) has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion. ALIC holds approximately 80% (or $23 billion) of Allstate’s life and annuity reserves and generated net income of $467 million in 2019 and a net loss of $23 million in the first nine […]
Transtar Holding Company Sold to Blue Point Capital Partners
Private equity firm takes majority stake in parent of refinish coatings and materials supplier Transtar Autobody Technologies. Transtar Holding Company, a portfolio of automotive aftermarket and original equipment (OE) businesses including Transtar Autobody Technologies, announced the sale of majority ownership to private equity firm Blue Point Capital Partners. Founded in 1975 in Cleveland, Transtar Holding’s […]
Classic Collision Acquires 16th Collision Repair Center in Florida
The multiple store operator now has 58 collision repair centers in five states in Southeast and California. Classic Collision, LLC announced its first acquisition of the New Year with the acquisition of Arrow Collision in Miami, Fla. This is Classic Collision’s 16th Florida location and now operates 58 centers in Georgia, Florida, Alabama, South Carolina, […]
Boyd Group Acquires Michigan Collision Repair Center
The Boyd Group Inc. announced the acquisition of a collision repair center in Wyandotte, Mich. The new Gerber Collision & Glass location previously operated as Eureka Body & Fender and has serviced the market for 47 years. Located in southeastern Michigan on the Detroit River, Wyandotte is approximately 11 miles south of Detroit and 10 […]
FCA and Groupe PSA Merger Completed
The merger between Peugeot S.A. (Groupe PSA) and Fiat Chrysler Automobiles N.V. (FCA) (NYSE: FCAU / MTA: FCA), that was announced in 2019, which led to the creation of Stellantis N.V. took effect January 16. As previously announced, Stellantis’ common shares will begin trading on Euronext in Paris and on the Mercato Telematico Azionario in […]
asTech Acquires BlueDriver
Repairify, Inc., the parent of asTech and a portfolio company of Kinderhook Industries, LLC, announced the acquisition of Root Four Imagination Inc., the developer of BlueDriver direct-to-consumer aftermarket diagnostic scan tools and services. The company is the ninth add-on acquisition for asTech and Kinderhook’s 99th automotive-related transaction. Financial terms of the transaction were not disclosed. […]
PPG Acquiring German Coatings Company Wörwag
PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]
Fenix Parts Acquires All Pro Auto Parts
Fenix Parent LLC, operator of the recycler and reseller of original equipment manufacturer automotive parts, Fenix Parts, announced the closing of the acquisition of the assets of All Pro Auto Parts in Auburndale, Fla. This is the second acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LP […]
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