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 […]
Wesco Group Acquires East Bay Color Service
Wesco Group, the paint, body and equipment distributor in the western U.S. and Canada, announced that East Bay Color Service has joined the Wesco family of companies. East Bay Color Service has been serving customers in the Bay Area out of its San Jose, Calif. location since 1948. “We are excited to welcome East Bay […]
Multi-State MAACO Operator Stonewall Road Automotive Group Acquired
Calder Capital, LLC announced the sale of multi-state MAACO franchise operator, Stonewall Road Automotive Group LLC (SRAG), to Collision Consolidation Company LLC. SRAG operates five locations in metro Detroit, Mich., four in Maryland and one in Ohio and is one of the largest multi-unit franchisees within the national MAACO system. The company will continue to […]
Original One Parts Acquired by Kinderhook Industries
Original One Parts, the supplier of certified auto parts for use in both collision repair and mechanical repairs, announced today that it has been acquired by private equity firm Kinderhook Industries, LLC. Financial terms of the transaction were not disclosed. Headquartered in Dallas, Texas, Original One Parts serves independent collision repair shops, dealership service centers, […]
Fix Auto UK Acquires Sixth Corporate Owned Collision Repair Center
Fix Auto UK announced it has acquired the Fix Auto Paignton site after the business had fallen victim of the coronavirus pandemic and became insolvent. The purchase has added to the portfolio of businesses as part of Fix Auto UK’s owned site operations comprising of Fix Auto Daventry, Fix Auto Colwyn Bay, Fix Auto Barnsley, […]
Nationwide Acquires Renewal Rights for United Fire & Casualty Company Personal Lines Business
United Fire & Casualty Company (UFG) and Nationwide have entered into a renewal rights agreement for UFG’s personal lines business, providing UFG’s independent insurance agents with the opportunity to transfer personal lines policies to Nationwide beginning in the third quarter of 2020, subject to the receipt of applicable regulatory approvals. As part of this agreement, […]
MITCHCO Collision Repair Acquires New Location in Florida
MITCHCO Collision Repair, a Florida based MSO, announces it acquired Oliver’s Auto Body in Melbourne, Fla. The business was formed in 1985 by Oliver Mertens, and his brother Thomas took the reins in 2013. Dave Mitchell, President and CEO of MITCHCO said, “We are happy to have had the opportunity to acquire such a quality […]
Interview: Michael Macaluso, Driven Brands
Macaluso, group president of Driven Brand’s Paint, Collision & Glass segment, details the Fix Auto USA acquisition and how it benefits the franchise group’s collision repair strategy, insurance and vendor relationships. With last week’s announcement that it was acquiring the franchise operations of Fix Auto USA along with ten Auto Center Auto Body (ACAB) company […]
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