OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
Private Equity Firm Reported Partnering with PPG in Bid to Acquire Axalta
According to a report by Reuters, PPG Industries Inc. (NYSE:PPG) and the private equity firm Clayton, Dubilier & Rice LLC (CDR) are among groups considering acquiring Axalta Coating Systems Inc. (NYSE:AXTA). Also reported to be considering a bid for Axalta is a partnership between Platinum Equity LLC, and Koch Industries Inc. According to Reuters, the […]
Boyd Group Acquires Three Collision Repair Centers in South Carolina
The Boyd Group Inc. announced the acquisition of three collision repair centers in the Columbia, S.C. market. These new Gerber Collision & Glass locations previously operated as Baker Collision Express. The Irmo shop opened in 2004, the Lexington repair center was added in 2013 and the Columbia location opened in 2016. Columbia, the state capital, […]
Atlantic Street Capital Invests in All Star Auto Lights
Atlantic Street Capital announced the majority recapitalization of All Star Auto Lights, a specialty distributor of alternative automotive lighting parts. Atlantic Street is partnering with the company’s CEO, Matt Immerfall, and other investors. Founded in 2004 and based in Orlando, Florida, All Star is a distributor of replacement alternative lighting products to independent collision repair […]
Ford Sells Vehicle Subscription Service
Vehicle subscription app Fair announced that it will acquire the assets of Canvas, a vehicle subscription service and wholly owned subsidiary of Ford Motor Credit. The acquisition will enable the company to continue to accelerate consumer adoption and expansion throughout the U.S. Terms of the sale were not disclosed. Fair is an app-based vehicle subscription […]
Boyd Group Acquires Four Collision Repair Centers in Indiana and Kentucky
The Boyd Group Inc. announced the acquisition of a multi-store operation consisting of four collision repair centers with three in Indiana and one in Kentucky. These new Gerber Collision & Glass locations previously operated as Lefler Collision & Glass, originating in the 1950s, with the most recent opening in 2015. Two of the collision repair […]
Australia’s Suncorp Reported Considering Sale of ACM Parts and Capital SMART
According to an article in the Australia Financial Review, Australia insurer Suncorp Group is considering a sale of its automotive parts supplier business, ACM Parts. According to the article, the insurer and financial services company has hired Deloitte Corporate Finance to oversee a strategic review for the division that may led to a sale of all […]
Safelite Group Acquires Auto Glass Specialists
Safelite Group announced it acquired Auto Glass Specialists, a single store location in Glenwood Springs, Colo. The transaction was completed at the close of business August 30. Auto Glass Specialists has been in business for 16 years, owned and managed by Austin Cavender since 2006. The acquisition will expand Safelite’s brick-and-mortar footprint in the area, […]
Drew Technologies Acquires BlueLink
On August 23, Drew Technologies, Inc., a part of the IVS division of Opus Group AB (publ), acquired BlueLink Diagnostic Solutions, a vehicle diagnostics provider. Drew Technologies acquired the BlueLink technology and operating assets under an asset purchase agreement for approximately 2.8 million SEK ($288,000). BlueLink’s technology and operations will be integrated into the offerings […]
TSG Consumer Partners Acquires Joe Hudson’s Collision Centers
Private equity firm acquires 110 store collision repair chain. TSG Consumer Partners (TSG), a private equity firm focused exclusively on the branded consumer sector, today announced that it has signed an agreement to acquire a majority stake in Joe Hudson’s Collision Centers (JHCC) from Carousel Capital. Carousel Capital and JHCC management will continue as minority […]
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