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 […]
Boyd Group Acquires Two Collision Repair Centers in Alabama
The Boyd Group Inc. announced the acquisition of two collision repair centers in Alabama. These new Gerber Collision & Glass locations previously operated as Auto Collision Experts, originating with the Moody location in 2013. The Anniston location was added in 2018. Moody is one of the fastest growing cities in Alabama and is located 22 […]
Safelite Acquires TruRoad Holdings
Safelite Group and CenterOak Partners LLC, the Dallas,Texas -based private equity firm, announced the sale of TruRoad Holdings to Safelite. The transaction was completed at the close of business yesterday. TruRoad, based in Woburn, Mass., was formed in 2018 through the combination of JN Phillips Auto Glass and existing CenterOak platform investment Techna Glass, Inc. […]
Roark Capital Reported Considering Sale of Driven Brands Stake
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 […]
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