Fenix Parts, Inc., Goldy Metals Incorporated and Kenneth Gold today announced the closing of a deal for Fenix to sell its Canadian subsidiaries to Goldy for an undisclosed purchase price. The operations in Ontario, Canada will continue under Goldy ownership and will operate as “Standard Auto Wreckers.” Fenix retains its existing business in the United […]
Boyd Group Acquires 11 Collision Repair Centers in Michigan
The Boyd Group Inc. announced the March 8 acquisition of a multi-store operation consisting of 11 collision repair locations in Michigan. The new Gerber collision repair centers, which previously operated under the names of Dusty’s Collision (7 locations), Whitney’s Collision (3 locations) and Wright Brothers Collision (1 location), are located in Ann Arbor, Flint and […]
Lord Corporation Reported Exploring Possible $3 Billion Sale
According to a report by Bloomberg, Lord Corporation, the manufacturer of Fusor-brand adhesives and sealants used in the collision repair industry, is exploring a sale that the publication reported could value the company at as much $3 billion. In January, the Cary, N.C.-based company announced it had achieved $1 billion in annual sales for the […]
Copart Acquires Vincent Auto Solutions
Copart, Inc. (NASDAQ: CPRT) announced the acquisition of Vincent Auto Solutions (VAS) located in Greenville, Ky. VAS has been remarketer of total-loss and fleet vehicles in the western Kentucky region for over a decade. “I’m extremely pleased with this acquisition. Not only do we expand our operational footprint in western Kentucky, but we also add […]
Wesco/Color Compass Acquires WD Co-Auto’s PBE Division
Wesco/Color Compass, the paint, body and equipment distributor in the western U.S. and Canada, announced the acquisition of Edmonton, Alberta-based WD Co-Auto’s PBE Division. WD Co-Auto’s PBE Division serves independent and member-dealer collision centers across British Columbia, Alberta, Saskatchewan and Manitoba. WD Co-Auto has selected Color Compass as their preferred and exclusive supplier of body […]
Boyd Group Acquires 18 Collision Repair Centers in New York State
Marks entry into 27th state. The Boyd Group Inc. announced the acquisition of an 18 collision repair center-MSO located in New York State. The acquisition marks Boyd’s entry into its 27th state. The Carubba Collision repair centers are located throughout upstate New York, including the market areas around the cities of Albany, Buffalo and Syracuse. […]
Auto-Owners Insurance Acquires Capital Insurance Group
CIG provides personal lines and commercial insurance in the Western U.S. Auto-Owners Insurance announced an agreement to acquire Capital Insurance Group (CIG), a regional property & casualty insurer serving the western U.S. since 1898. CIG insures personal lines and a range of commercial and agricultural businesses in California, Washington, Oregon, Nevada and in Arizona, where […]
Penfund Announces $150 Million Investment in Caliber
Penfund, the Toronto, Canada-based provider of junior capital to middle market companies in the US and Canada, announced it completed of a $150 million second lien debt investment in Caliber Collision Centers as part of a small club of lenders providing a $600 million second lien credit facility. The proceeds of this facility, together with […]
Caliber and Abra Merger Closes
Combined company operates more than 1,000 collision repair centers in 37 States and District of Columbia. Caliber Collision Centers and Abra Auto Body Repair of America today announced the closing of their merger that was announced in December. “Caliber and Abra have very similar leadership philosophies and cultures. Combining these two world-class organizations will allow […]
Legacy Autobody Group Adds Two Collision Repair Centers in Pennsylvania
Legacy Autobody Group announced they have added collision repair centers in Kutztown and Stroudsburg, Pa. to bring their total number of locations to six in eastern Pennsylvania. The 9,000 square foot collision repair center in the Kutztown market is located at 15827 Kutztown Road (Route 222) in Maxatawny, Pa. The facility was acquired on December […]
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