Driven Brands confirmed it has acquired the Automotive Training Institute (ATI) the automotive repair and collision industry coaching and consulting company. According to the company’s website it has 31 full time coaches and over 1600 active shop members. According to a Driven Brands statement, “We are excited to add ATI to the Driven Brands family […]
Collision Works Acquires Collision Repair Center in Moore, Oklahoma
Collision Works announced it acquired Flair Body Works located at 128 NE 1st St. in Moore, Okla. on Oct. 8. With the acquisition, Collision Works now operates 31 locations across Oklahoma and Kansas. “We are proud to announce this new location in Moore,” said Barry Hadlock, president of Collision Works. “Our top-notch customer service standards […]
Driven Brands Acquires Quebec-Based Auto Glass Provider
Clairus Group has over 240 locations and 22 distribution centers. Driven Brands today announced its acquisition of the Quebec, Canada-based Clairus Group, a vertically-integrated automotive glass distribution, replacement, and claims management company. The move adds 240 physical service locations, over 330 mobile locations, 22 distribution centers, and a claims management platform to the Driven Brands […]
Boyd Group Acquires Two Collision Repair Centers in Alabama
The Boyd Group Inc. announced the acquisition of two collision repair centers in Alabama. The location in Huntsville originated in 1981 and has operated as Quality Body Shop. The location in Pelham has operated as Oak Mountain Body Shop since 2001. Huntsville, approximately 100 miles north of Birmingham, is the fourth largest city in Alabama […]
AMA Group Completes Capital S.M.A.R.T Acquisition
Australia’s AMA Group Limited (ASX:AMA) announced the completion of the previously announced acquisition of Capital Smart Repairs Australia Pty Ltd (Capital SMART). Under the sale terms AMA owns 90% of Capital SMART, with Suncorp Insurance Ventures Pty Ltd (Suncorp) retaining a 10% holding in Capital S.M.A.R.T. The acquisition includes a long-term strategic service agreement of […]
FCA and Groupe PSA Announce Merger to Create 4th Largest Global Auto Manufacturer
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 […]
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