Asbury Automotive Group, Inc. (NYSE: ABG) has completed the previously announced acquisition of Park Place Dealerships adding approximately $1.7 billion in annual revenues. The operating assets to be acquired include 12 new vehicle franchises, all of which are located in the Dallas/Fort Worth market: 3 Mercedes-Benz, 3 Sprinter, 2 Lexus, 1 Jaguar, 1 Land Rover, […]
Painters Supply Acquires Five Location Distributor in Mid-Atlantic Region
Painters Supply & Equipment Co. (PSE) announced today that an affiliate of the company has completed the acquisition of Nyquist, Inc. The acquisition adds five locations in the Mid- Atlantic region. Based in Baltimore, Md., Nyquist was founded in 1955 by George Nyquist Sr., who later sold the business to his son George Nyquist Jr. […]
Driven Brands Acquires International Car Wash Group
Driven Brands announced its acquisition of International Car Wash Group (ICWG) has been completed. With the addition of ICWG, Driven now encompasses more than 4,000 locations across 15 countries and approximately $3.8 billion in annual system-wide sales, making it the largest automotive aftermarket services company by location count in North America. Driven, a portfolio company […]
Classic Collision Acquires Collision Repair Center in South Florida
Now operates 37 centers in Southeast U.S. Classic Collision, LLC, an Atlanta based multi-site repair operator, announced its second 2nd acquisition within the past 3 weeks. The company is acquiring Imperio Auto Body & Collision Center in Miami, Fla., the MSO’s 10th South Florida location and 37th center in Georgia, Florida, Alabama, and South Carolina. […]
Woodland Capital Holdings Acquires The Doan Group
National appraisal company acquired by investment group owned by the Davis Family, founders and owners of SCA Appraisal. The Doan Group, the 40 year old auto, property and heavy equipment appraisal firm, has been acquired by Woodland Capital Holdings. “The Doan Group has a well-established franchise network, dedicated people, efficient systems, and a solid brand […]
PSA Aftermarket Acquires Amanhã Global to Enter Used Parts Market
PSA Aftermarket, part of Peugeot S.A. (Group PSA), announced it has acquired a majority stake in Amanhã Global, the Porto, Portugal-based company and its e-commerce platform B-Parts.com for used parts. The acquisition aims to complete PSA Aftermarket’s conquest strategy in the circular economy, promoting recycled parts, providing repair parts needed to fix broken components, and […]
Classic Collision Acquires Collision Repair Center in Miami
The new location is the multiple shop operator’s ninth in South Florida and 36th overall. Classic Collision, LLC., the Atlanta, Ga.-based multiple collision repair facility operator, announced that is has acquired a new facility in Miami, Fla. H&M Auto Body has served the Miami Dade and Coral Gables communities for more than 25 years. The […]
OEConnection Acquires NuGenIT
OEConnection (OEC) announced today that it has acquired NuGenIT, Inc., a software company specializing in body shop and collision industry optimization tools. NuGenIT will add collision repair industry expertise to augment OEC’s growing collision business. Headquartered in Kansas City, NuGenIT provides information management tools including integrated workflow applications for collision repairs, and data mining and […]
Allstate Acquires National General
The Allstate Corporation (NYSE: ALL) announced it will acquire National General Holdings Corporation for approximately $4 billion in cash, or $34.50 per share. The transaction is expected to close in early 2021, subject to regulatory approvals and other customary closing conditions. “Acquiring National General accelerates Allstate’s strategy to increase market share in personal property-liability and […]
Asbury Automotive Group Acquires Park Place Dealerships Including Two Collision Repair Centers
Asbury Automotive Group, Inc. (NYSE:ABG) announced the acquisition of Park Place Dealerships, one of the country’s largest luxury dealer groups for $685 million of goodwill and approximately $50 million for parts, fixed assets, and leaseholds, excluding vehicle inventory. The operating assets to be acquired include 12 new vehicle franchises, all of which are located in […]
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