The Boyd Group Inc. announced that on September 21, it acquired a location in Dundas, Ontario. The new Assured Automotive-branded location previously operated as Terry’s Autobody. Dundas is a community near Hamilton, Ontario and is popular tourist destination outside of Toronto. “We are pleased to add this location, which has served the Dundas market well […]
Lawson Products Acquires Screw Products, Inc.
Lawson Products, Inc. (NASDAQ:LAWS) announced the acquisition of Screw Products, Inc. (SPI). The acquisition closed yesterday. Terms of the transaction were not disclosed. Based in Dallas, Texas, SPI is a regional distributor of bulk industrial products to large manufacturers and job shops. SPI provides customized fastener and components packaging, sub-assembly, and kitting services in its […]
Mitchell Acquires Genex
Acquisition of medical compliance, cost containment and clinical solutions company complements Mitchell’s auto physical damage, casualty and pharmacy solutions divisions. Mitchell International and Genex, the provider of clinical solutions to the workers’ compensation, auto and disability insurance markets, announced on September 27 they have entered into a merger agreement where Genex will become a new division […]
AkzoNobel Closes Sale of Specialty Chemicals to The Carlyle Group and GIC
Akzo Nobel N.V. (AKZA; AKZOY) announced today it completed the sale of the Specialty Chemicals business to The Carlyle Group and GIC for an enterprise value of €10.1 billion ($11.7 billion). The sale was originally announced last March. “Today is a key milestone in the history of AkzoNobel, creating a focused paints and coatings company, […]
Fix Auto Network Announces New Ownership of Québec Collision Repair Center
Yves Roy, General Manager for Fix Automotive Network Québec, announced that Jean-Marc Marion is the new owner of Fix Auto Hull. Marion has been working in the collision industry for 35 years and at just 25 years old, he opened his own shop. “Ever since I could remember, I have had a great passion for […]
NI Holdings Completes Acquisition of Direct Auto Insurance Company
NI Holdings, Inc. (NASDAQ:NODK) announced that it has completed its previously announced acquisition of Direct Auto Insurance Company from private shareholders on August 31. The acquisition of Direct Auto further diversifies NI Holdings’ portfolio of products geographically, and by line as additional casualty business is introduced into the business mix. Direct Auto is headquartered in […]
Fix Auto UK Acquires Majority Stake in Franchise Collision Repair Center
Fix Auto UK announced it has invested directly in one of its own franchisees. In what its say may be the first of many similar investments, the organization has acquired a majority share of Fix Auto Goole and in doing so the UK operation has taken ownership of its own collision repair center. The six-figure […]
Suncorp Reported Considering Sale of Capital SMART Repairs
Suncorp’s Insurance Ventures investment subsidiary is reported to be exploring the sale of its majority stake in Australia’s second largest collision repair chain. The Australian Financial Review reported that the Suncorp Group’s Insurance Ventures investment arm is considering the sale of its majority ownership position in the Capital SMART repair chain. According to the article, […]
Providence Equity Partners Makes Majority Investment in Environmental Safety Training and Compliance Firm KPA
Private equity firm also owns majority interest in OEConnection. KPA, the Environmental Health and Safety (EHS) Risk Management company, announced that Providence Equity Partners has completed its majority investment in the Company. Existing investor CIVC Partners will retain a minority investment in the Company going forward. Financial terms of the transaction were not disclosed. Providence […]
Abra Acquires Collision Repair Center in Georgia
Abra Auto Body Repair of America announced the acquisition of a new collision repair center in Athens, Ga., its 23rd location in the state. Located at 1950 Jimmy Daniel Road in Athens, the 32,000 square foot Georgia Square Collision’s business operations were acquired in a deal that closed on August 3. The transaction was brokered […]
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