According to a report by Bloomberg, Roark Capital is considering a sale of its stake in Driven Brands Inc., the parent of CARSTAR, Maaco and 1-800-Radiator and other automotive franchises. The article states the company could sell for as much as $2 billion according to sources. Roark Capital acquired Driven Brands in 2015 from Harvest […]
Snap-on Acquires UK-Based OEM Repair Software Provider Cognitran Limited
Snap-on Incorporated (NYSE: NA) announced that it has acquired Cognitran Limited for approximately $31 million in cash. Based in Chelmsford, United Kingdom, Cognitran specializes in flexible, modular and highly scalable “Software as a Service” (SaaS) products for original equipment manufacturer (OEM) customers and their dealers, focused on the creation and delivery of service, diagnostics, parts […]
Caliber Acquires Herb’s Paint & Body
Multiple collision repair shop operator now has 51 locations in Dallas-Fort Worth. Caliber Collision announced that it has acquired Herb’s Paint & Body locations across the Dallas-Fort Worth market. According to Herb’s website, before it was redirected to Caliber’s website, the organization had eight collision repair centers in the market. Herb’s was founded in January […]
Boyd Group Adds Collision Repair Centers in Florida and Manitoba
The Boyd Group Inc. announced the July 31, opening of a collision repair center in Destin, Fla. Located in the Panhandle of Florida, Destin is the principal city on Florida’s Emerald Coast, with approximately 4.5 million visitors annually. “This new location fills a void between our Fort Walton Beach and Panama City Beach repair centers,” […]
Genstar Capital Acquires Majority Stake in OEConnection
OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were […]
IAA Acquires DDI Technology
IAA, Inc. (NYSE:IAA) announced today its acquisition of DDI Technology, an electronic lien and title technology firm directly integrated with over 5,370 financial institutions as well as DMVs in 25 states. DDI’s technology solutions are focused on several key areas of the title and lien release management including electronic vehicle registration, electronic lien and title […]
Fenix Parts Completes Acquisition of Cox Truck and Van
Fenix Parts, Inc. announced today the closing of the previously announced transaction to acquire Cox Truck and Van, Inc. (CTV). This is the first acquisition completed to the Fenix Parts platform since the company was acquired by affiliates of Stellex Capital Management LP in April 2018. CTV, founded in 1977, operates a full service auto […]
Auveco Acquires NJ Auto Body Fastener and Tool Company
Auveco the provider of specialty fasteners and body hardware, announced the acquisition of W&E Sales Company, headquartered in Newark, N.J. W&E is a provider of auto body fasteners and specialty hand tools to the automotive aftermarket. Jeff Gilkinson CEO of Auveco, said, “For years, the W&E brand and company have been synonymous with exceptional quality […]
Boyd Group Acquires 16 Collision Repair Centers in New York State
Majority of MSO locations in Rochester market. The Boyd Group Inc. announced the acquisition of a multi-store operation consisting of 16 collision repair centers located in New York. The new Gerber Collision & Glass locations, which include a dealer intake center and another specializing in the repair of large commercial vehicles, previously operated as Nu-Look […]
Lincoln Electric Completes Purchase of Turkish Welding Equipment Company
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced it has completed the purchase of the controlling stake of Kaynak Teknigi Sanayi ve Ticaret A.S. (Askaynak) to advance Lincoln Electric’s regional growth strategy in Europe, the Middle East and Africa . “We are pleased to welcome the Askaynak team into Lincoln Electric ,” stated Christopher L. Mapes, Chairman, […]
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