Firm formed by Searchlight Capital Partners and Opus CEO controls more than 90% of the publicly-traded shares. Ograi BidCo AB announced it now controls of more than 90 per cent of the shares in Opus Group AB (publ) and is seeking a delisting of the firms share and initiate a compulsory redemption of the remaining […]
Wesco Group Acquires Sacramento Distributor
The PBE distributor now has 71 stores in the western U.S. and Canada. The Wesco Group, the paint, body and equipment distributor in the western U.S. and Canada, is announced that Jim’s Color Corner has joined the Wesco family of companies. Jim’s Color Corner has been serving customers in the Sacramento area since 1959. “We […]
Boyd Group Acquires Two Collision Repair Centers in Wisconsin
Expands presence in Milwaukee market. The Boyd Group Inc. announced the acquisition of two collision repair centers in Hales Corners and Milwaukee, Wisc. The locations previously operated as Auto Body Express (Hales Corners) and Lou’s Auto Body (Milwaukee). Milwaukee, located on the western shore of Lake Michigan, is the largest city in Wisconsin with a […]
Classic Collision Acquires Two Collision Repair Centers in Florida
Classic Collision, LLC, the Atlanta based multiple collision repair facility operator, announced two separate acquisitions including Collision Professionals, Inc. in Port St. Lucie, Fla. and Treasure Coast Auto Collision in Stuart, Fla. The two acquisitions bring the total number of Classic Collision’s locations in Florida to 14. The company now operates 41 centers in Georgia, […]
Crash Champions Acquires Three Collision Repair Centers in Kansas City Market
The multiple shop operator now has five locations in Missouri. Crash Champions announced today the acquisition of Precision Collision Centers in the Kansas City metro area. Precision Collision’s three locations in Platte City, Pleasant Valley and Gladstone, will all immediately transition operations to Crash Champions. Precision Collision was founded by Chris Jones in 2004 and […]
Crash Champions Acquires Two Collision Repair Centers in Missouri
Marks entry into fifth state. Crash Champions announced today its entry into Missouri with the acquisition of two collision repair centers. The acquisition includes Dodson Williams Automotive’s two locations at 502 W. Walnut and 2916 W. Republic in Springfield, Mo. that have been actives in the community for four decades. “Crash Champions has been looking […]
State Farm to Acquire Non-Standard Auto Insurer GAINSCO for $400 Million
State Farm Mutual Automobile Insurance Company and GAINSCO, Inc. announced that they have entered into an agreement for State Farm to acquire GAINSCO for approximately $400 million in cash. The transaction is expected to close in early 2021, subject to approval by GAINSCO’s shareholders, the expiration or termination of the applicable waiting period under the […]
Cushman & Wakefield Brokers $30 Million Sale/Leaseback of Crash Champions Collision Repair Center Properties
Cushman & Wakefield announced today the firm successfully executed a $30 million sale leaseback of a multiple collision repair facility operator Crash Champions property portfolio in the Greater Chicago region. The deal transacted during the COVID-19 pandemic. Managing Director Jack Chang with Cushman & Wakefield represented the seller and sourced the buyer in the deal. […]
MITCHCO Collision Repair Acquires New Location in Titusville, Florida
MITCHCO Collision Repair announces it acquired Rice’s Body Shop in Titusville, Fla., its fourth location this year in Brevard County. Rice’s Body Shop opened in 1974. Billy Rice JR and his family have a long history in the collision repair industry. MITCHCO Collision Repair has locations in Merritt Island, Melbourne, Indian Harbour Beach and Titusville.
UK-Based Nationwide Accident Repair Services Sold to Vehicle Rental and Accident Management Firm
Hurt by slowdown caused by pandemic the collision repair facility operator was placed in bankruptcy administration and sold. Sale includes 77 collision repair centers and three offices out of 110 total locations. PwC announced that Nationwide Accident Repair Services (NARS) was placed in administration and subsequently sold to RunMyCar Limited, a subsidiary of Redde Northgate […]
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