PPG (NYSE: PPG) today announced that it has completed its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries, that was announced in early January. Financial terms were not disclosed. Founded in 1961, ICR is based in Italy and manufactures automotive refinish […]
New Mountain Capital Invests in Classic Collision
Classic Collision, Inc., the Atlanta, Ga.-based multi-store operator (MSO) of 34 collision repair facilities in the Southeastern U.S., announced that it has partnered with New York-based New Mountain Capital, a growth-oriented investment firm with over $20 billion in assets under management. Terms of the transaction were not disclosed. Founded in 1983, Classic is currently the […]
Boyd Group Adds Collision Repair Centers in Michigan and British Columbia
The Boyd Group announced the acquisition of two collision repair centers in separate transactions in the U.S. and Canada. Boyd announced the acquisition of a collision repair center in Utica, Mich. The new Gerber Collision & Glass location previously operated as Macomb Collision Tire & Service, operating under the same ownership for 44 years. Utica […]
Boyd Group Enters California
Acquires nine collision repair locations in Southern California in two transactions. The Boyd Group Inc. announced that it has entered the state of California via two acquisitions totaling nine locations in the suburban Los Angeles area. Six of the shops, including one intake center, are located in Corona, Lake Elsinore, Menifee, Moreno Valley, Murrieta and […]
Fisher Auto Parts Acquires Snavely and Dosch in Pennsylvania
Fisher Auto Parts acquired the seven Pennsylvania locations of Snavely and Dosch. The announcement was made Geoffrey Shifflett, area vice president. Steve Steinsnyder will continue to help grow the business. Snavely and Dosch, founded in 1935, has parts distribution locations in Lancaster, Lititz, Mt. Joy, Willow Street, Quarryville and Red Lion and West York, Pa. […]
LKQ Corporation to Sell Two Czech Distributors
LKQ Corporation (NASDAQ:LKQ) announced an agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. In May 2018, the European Commission cleared LKQ’s acquisition of Stahlgruber GmbH, with the exception of Stahlgruber’s two wholesale businesses in the Czech Republic, which […]
PPG to Acquire Industria Chimica Reggiana
Italy-based automotive refinish coatings manufacturer sells products in more than 70 countries. PPG (NYSE:PPG) today announced that it has reached an agreement to acquire Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. The transaction is expected to close in the first quarter 2020, […]
Dealer Tire Acquires Dent Wizard
Dent Wizard to continue to operate independently under leadership of CEO Mike Black. Dealer Tire, LLC, the replacement tire distribution company for automotive dealerships, announced it will acquire Dent Wizard, the provider of automotive reconditioning services and vehicle protection products. The combination of the two companies will create a leading aftersales dealer services platform in […]
Opus Acquires AutoEnginuity
Drew Technologies, Inc., an Opus IVS division company, acquired US-based AutoEnginuity, LLC for a purchase price of approximately $20 million on a cash-free and debt-free basis. All conditions for completion of the acquisition of AutoEnginuity have been met. AutoEnginuity, founded in 2003 and headquartered in Mesa, Ariz., has developed into a leader in advanced aftermarket […]
Boyd Group Acquires Collision Repair Center in Kingston, Ontario
The Boyd Group Inc. announced the acquisition of a collision repair center in Kingston, Ont., Canada. The new Assured Automotive brand location previously operated as Limestone Auto Body. Kingston, nicknamed the “Limestone City” because of many heritage structures built using local limestone, is located about 260 km east of Toronto and 200 km southwest of […]
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