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You are here: Home / Archives for Acquisitions

ProCare Collision Acquires Six Locations in Houston

March 10, 2020 By CollisionWeek Editor

ProCare Collision, the Texas-based Multi Shop Operator (MSO), announced today that they have acquired six Hodges Collision locations in the Houston metro area. With this acquisition, ProCare now has 41 shops in Texas, with 11 in the Houston market.  ProCare Collision will now service new areas around Houston including The Woodlands, Spring, Magnolia and Deer […]

Filed Under: News Tagged With: Acquisitions, ProCare Automotive LLC, Texas

State Farm Exits Banking Business

March 6, 2020 By CollisionWeek Editor

Enters into strategic alliance to bring U.S. Bank products and services to State Farm customers. State Farm announced it was exiting its banking business and forming a strategic alliance with U.S. Bank. Under the alliance, U.S. Bank will assume State Farm Bank’s existing deposit and credit card accounts and State Farm agents will have the […]

Filed Under: News Tagged With: Acquisitions, State Farm, U.S. Bank

LKQ Completes Sale of Two Czech Distributors

March 2, 2020 By CollisionWeek Editor

LKQ Corporation (Nasdaq: LKQ) announced that it has closed its previously announced agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “This divestiture reinforces our ongoing commitment to rationalizing […]

Filed Under: News Tagged With: Acquisitions, Czech Republic, Europe, LKQ Corporation

Crash Champions Acquires Three Collision Repair Centers in Ohio

February 27, 2020 By CollisionWeek Editor

Crash Champions logo

Crash Champions, the Illinois-based multiple collision repair shop operator, announced acquisition of three collision repair centers from Auto Body Collision and Glass (ABCG) in Columbus, Ohio. The acquisition, effective March 2, marks Crash Champions first expansion outside Illinois. Darrell Patterson, Executive Vice President of ABCG, along with his teammates, will be integrated into the Crash […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, Ohio

ProCare Collision Acquires Penske Collision Center in Houston

February 25, 2020 By CollisionWeek Editor

ProCare Collision announced it has acquired a Penske Collision Center in Houston, Texas. ProCare now has five locations in and around the Houston market and 35 overall including the opening in Pflugerville, Texas, near Austin, that CollisionWeek reported on February 20. “We appreciate our time working with all the great people throughout this process. This […]

Filed Under: News Tagged With: Acquisitions, Openings, ProCare Automotive LLC, Texas

All Star Auto Lights Acquires Headlights 101

February 10, 2020 By CollisionWeek Editor

All Star Auto Lights, the specialty distributor of alternative automotive lighting parts, announced the acquisition of Headlights 101, a Fayetteville, Ga.-based provider of refurbished headlights to the collision repair industry, automotive dealers, and consumers. Matt Immerfall, Chief Executive Officer of All Star Auto Lights, said, “We are focused on identifying high quality investment opportunities, with […]

Filed Under: News Tagged With: Acquisitions, All Star Auto Lights, Georgia

PPG Completes Acquisition of ICR

February 3, 2020 By CollisionWeek Editor

PPG (NYSE: PPG) today announced that it has completed its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries, that was announced in early January. Financial terms were not disclosed. Founded in 1961, ICR is based in Italy and manufactures automotive refinish […]

Filed Under: News Tagged With: Acquisitions, Europe, Italy, PPG Industries

New Mountain Capital Invests in Classic Collision

January 17, 2020 By CollisionWeek Editor

New Mountain Capital Invests in Classic Collision

Classic Collision, Inc., the Atlanta, Ga.-based multi-store operator (MSO) of 34 collision repair facilities in the Southeastern U.S., announced that it has partnered with New York-based New Mountain Capital, a growth-oriented investment firm with over $20 billion in assets under management. Terms of the transaction were not disclosed. Founded in 1983, Classic is currently the […]

Filed Under: News Tagged With: Acquisitions, Classic Collision, Georgia, New Mountain Capital, Venture Capital

Boyd Group Adds Collision Repair Centers in Michigan and British Columbia

January 15, 2020 By CollisionWeek Editor

The Boyd Group announced the acquisition of two collision repair centers in separate transactions in the U.S. and Canada. Boyd announced the acquisition of a collision repair center in Utica, Mich. The new Gerber Collision & Glass location previously operated as Macomb Collision Tire & Service, operating under the same ownership for 44 years. Utica […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, British Columbia, Canada, Michigan

Boyd Group Enters California

January 14, 2020 By CollisionWeek Editor

Acquires nine collision repair locations in Southern California in two transactions. The Boyd Group Inc. announced that it has entered the state of California via two acquisitions totaling nine locations in the suburban Los Angeles area. Six of the shops, including one intake center, are located in Corona, Lake Elsinore, Menifee, Moreno Valley, Murrieta and […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, California

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