The Supervisory Board of Peugeot S.A. (Groupe PSA) and the Board of Directors of Fiat Chrysler Automobiles (FCA) (NYSE: FCAU ) announced they have reached an agreement to merge, creating a new group with global scale and resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders. The combination would create the 4th […]
Safelite Group Acquires Quick’s Glass Service with Five Locations in California
Safelite Group, the owner of Safelite AutoGlass, announced the acquisition of Quick’s Glass Service. The transaction was completed at the close of business October 25. Quick’s Glass Service has been in business for decades, owned and managed by Clint Harless. With five locations across California, including Marysville, Yuba City, Sacramento, Lodi and Stockton, the acquisition […]
Parker Hannifin Completes LORD Acquisition
Parker Hannifin Corporation (NYSE:PH) announced yesterday it completed its acquisition of LORD Corporation for approximately $3.675 billion in cash that was announced in April. The strategic transaction creates a combined organization with strong materials science capabilities, electrification and aerospace product offerings that are highly complementary. According to the company, the acquisitions will significantly expand Parker’s […]
One Equity Partners Acquires MEDCO
One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the acquisition of MEDCO, from Essendant, Inc. in a corporate carve-out transaction. Financial terms of the transaction were not disclosed. Medco is a wholesale distributor of automotive aftermarket tools and collision repair products, serving both traditional distribution and mobile tool […]
Boyd Group Acquires Collision Repair Center in Louisiana
The Boyd Group Inc. announced the opening of a Gerber Collision & Glass collision repair center in Gonzales, La. The location previously operated as Precision Collision Center since being built 19 years ago. Gonzales is known as the “Jambalaya Capital of the World” as a result of its well-known annual Jambalaya Festival attended by more […]
Boyd Group Acquires Two Collision Repair Centers in Washington State
The Boyd Group Inc. today announced the acquisition of two collision repair centers in the Seattle/Tacoma, Washington area. These locations previously operated as Rainier Collision and have served the communities of Gig Harbor and Port Orchard for 12 years. These repair centers are located within the fast-growing Kitsap Peninsula, with a population of approximately 270,000 […]
Big Sky Collision Network Adds Collision Center in Manhattan, Montana
The Big Sky Collision Network (BSCN) announced the acquisition of its fourth location. The addition of EZ Auto Body of Manhattan, Mont. adds to its existing three locations, Big Sky Collision Center of Billings, A&D Auto Body of Bozeman, and Crash Repair of Livingston. President, Matthew McDonnell, said, “We are so excited to add another […]
Painters Supply Acquires Ohio PBE Distributor with Two Locations
Painters Supply & Equipment Co. (PSE) announced it has completed the acquisition of D&S Color Supply. The acquisition adds two locations in the greater Cleveland, Ohio market and further expands PSE’s market presence in the Northern Ohio region. D&S is a PPG Platinum Distributor that is headquartered in Middleburg Heights, Ohio with an additional location […]
Wesco Group Acquires PBE Distributor in Sacramento
The Wesco Group announced that Jerry’s Paint & Supply is now a part of the Wesco family of companies. Jerry’s Paint & Supply is based out of Sacramento, Calif. with four locations serving the surrounding area. Jerry’s opened its first store in Sacramento in 1963. Josh Cox will continue to lead Jerry’s business and will […]
Driven Brands Acquires ABRA Franchise Subsidiary
Michael Macaluso named president of Driven Brands new Collision Vertical, Dean Fisher named president of CARSTAR. Driven Brands today announced its acquisition of ABRA Automotive Systems LP, the franchising subsidiary of ABRA Auto Body Repair of America (ABRA). The move adds 55 franchised collision repair facilities to the collision repair portfolio of Driven Brands. The […]
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