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 […]
Quality Collision Group Acquires Five Collision Repair Centers in Minneapolis
Private equity-backed MSO expands into upper Midwest. The Quality Collision Group, that was formed last Fall by Susquehanna Private Capital, has acquired the Master Collision Group that operates four collision repair centers in the Minneapolis, Minn. market and was in the process of acquiring a fifth location when it was purchased by Quality Collision. All […]
Sonsio and Evolution by Dent Wizard Complete Merger
Sonsio LLC, a provider of vehicle protection and warranty programs to the automotive aftermarket, recently announced its merger with Evolution, Dent Wizard’s F&I vehicle protection division. The merger was effective January 1. The combined company will operate under the Sonsio Vehicle Protection brand. David Jones, Sonsio’s president & CEO, will remain CEO of the newly […]
Boyd Group Acquires Collision Repair Center in Colorado
The Boyd Group Inc. announced the acquisition of a collision repair center in Avon, Colo. The new Gerber Collision & Glass location previously operated as Rich’s Auto Body and has serviced the market since 1984. Located in the Western Slope of Colorado, Avon attracts visitors for skiing, mountain biking, and hiking. This repair center is […]
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