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You are here: Home / Archives for Acquisitions

Penfund Announces $150 Million Investment in Caliber

February 15, 2019 By CollisionWeek Editor

Penfund logo

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 […]

Filed Under: News Tagged With: ABRA, Acquisitions, Caliber Collision Centers, PenFund

Caliber and Abra Merger Closes

February 5, 2019 By CollisionWeek Editor

Caliber Abra Merger

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 […]

Filed Under: News Tagged With: ABRA, Acquisitions, Caliber Collision Centers

Legacy Autobody Group Adds Two Collision Repair Centers in Pennsylvania

January 17, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Legacy Autobody Group, Pennsylvania

Boyd Group Acquires Collision Repair Center in Arizona

January 15, 2019 By CollisionWeek Editor

The Boyd Group Inc. announced the January 11, acquisition of a collision repair center in Peoria, Ariz. This location previously operated as Lake Pleasant Collision Center, servicing customers in the community since 2009. Peoria is a northwestern suburb of Phoenix, with a population of approximately 155,000 people and is listed in the “Top 100 Places […]

Filed Under: News Tagged With: Acquisitions, Arizona, Boyd Group

Boyd Group Acquires Heavy Duty Collision Repair Center in South Carolina

January 14, 2019 By CollisionWeek Editor

The Boyd Group Inc. announced the January 9 opening of a Gerber collision repair location specializing in the repair of large commercial vehicles, semi trucks, buses and recreational vehicles in Cayce, S.C. This location previously operated as Bob Johnson’s Body Shop and has operated in the market for 45 years. The acquisition marks the Boyd […]

Filed Under: News Tagged With: Acquisitions, Boyd Group, South Carolina

Safelite Acquires Glasspro

January 9, 2019 By CollisionWeek Editor

The Safelite Group, the vehicle glass services company and owner of Safelite AutoGlass announced the acquisition of Glasspro, Inc. The transaction was completed at the close of business January 4. Glasspro is an independent auto glass repair and replacement company founded in 1995 by Paul Heinauer, a well-respected leader in the industry and pillar of […]

Filed Under: News Tagged With: Acquisitions, Safelite, South Carolina

PPG Acquires Automotive OEM Coatings Manufacturer Hemmelrath

January 7, 2019 By CollisionWeek Editor

PPG (NYSE:PPG) today announced an agreement to acquire automotive coatings manufacturer Hemmelrath. The transaction is expected to close in the first half of 2019, subject to customary closing conditions. Financial terms were not disclosed. “We are excited to add Hemmelrath to our robust and diversified automotive coatings offering. This acquisition is another step forward in […]

Filed Under: News Tagged With: Acquisitions, PPG Industries

Boyd Group Acquires Collision Repair Center in Arizona

January 3, 2019 By CollisionWeek Editor

The Boyd Group Inc. today announced the December 28 opening of a Gerber collision repair location in Lake Havasu City, Ariz. This location previously operated as Sofia’s Auto Body. Lake Havasu City is located on the shores of Lake Havasu and brings approximately 750,000 visitors to the area annually. Lake Havasu is located approximately 200 […]

Filed Under: News Tagged With: Acquisitions, Arizona, Boyd Group

Department of Financial Services Approves Plymouth Rock Acquisition of MAPFRE New York Subsidiary

January 3, 2019 By CollisionWeek Editor

Approval allows Plymouth Rock to continue its expansion into New York market. New York State Financial Services Superintendent Maria T. Vullo announced that the State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, […]

Filed Under: News Tagged With: Acquisitions, MAPFRE, New York State, Plymouth Rock Assurance

LKCM Headwater Investments Increases Lawson Products Stake to 48%

December 18, 2018 By CollisionWeek Editor

Lawson Products, Inc., (NASDAQ:LAWS) a distributor of products and services to the MRO marketplace, announced that an affiliate of LKCM Headwater Investments, the private equity arm of Luther King Capital Management, has agreed to acquire the remaining 1,713,787 shares of Lawson Products common stock owned by Dr. Ronald Port and James Errant, both members of […]

Filed Under: News Tagged With: Acquisitions, Lawson Products, Luther King Capital Management

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