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You are here: Home / Archives for Acquisitions

Copart Acquires Finnish Salvage Auto Auction Company

March 13, 2018 By CollisionWeek Editor

Copart, Inc. (NASDAQ:CPRT) announced that it has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland doing business as AVK. “We are thrilled that AVK and its team members have joined the Copart family. We look forward to growing the business by providing outstanding results and service to our customers,” said Copart’s Chief […]

Filed Under: News Tagged With: Acquisitions, Copart, Finland

Fenix Parts Begins Proxy Solicitation for Merger

March 9, 2018 By CollisionWeek Editor

Fenix Parts, Inc. (Pink Sheets:FENX) announced that proxy materials have been mailed to stockholders of record as of the close of business on February 27, in order to allow them to vote on the proposed merger with an affiliate of Stellex Capital Management LP that was announced last month. A copy of the proxy statement […]

Filed Under: News Tagged With: Acquisitions, Fenix Parts

Axalta Acquires Manufacturing and Distribution Site in Sacramento

March 7, 2018 By CollisionWeek Editor

Facility will expand Axalta’s West Coast presence and support growth of industrial and refinish businesses Axalta (NYSE:AXTA) announced that it has acquired a state of the art manufacturing and distribution facility in Sacramento, Calif. to support growth in its North American Industrial and Refinish businesses. Financial terms of the transaction were not disclosed. “Axalta has […]

Filed Under: News Tagged With: Acquisitions, Axalta Coating Systems, California

Fix Auto Medicine Hat Under New Ownership

March 6, 2018 By CollisionWeek Editor

Fix Auto Canada announced the sale of its franchise collision repair center in Medicine Hat, Alberta and welcomed a new ownership team to the network. Pat Quinlan, President of the Sun City Ford Ltd. ownership group has added the Fix Auto location in Medicine Hat, Alberta to their portfolio. This location has been part of […]

Filed Under: News Tagged With: Acquisitions, Alberta, Canada, Fix Auto Canada

Australia’s AMA Group Added 14 Collision Repair Centers in First Half

March 2, 2018 By CollisionWeek Editor

Revenue Up 27.4 percent in first six month of fiscal year to December 31. Costs of Blackstone Private Equity due diligence over AU$900,000 Australia’s AMA Group Ltd. (ASX:AMA) reported its results for the first six months of its Fiscal year that ended December 31, 2017. The firm reported revenue of AU$228.356 million ($176.9 million) for […]

Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Blackstone Group, Earnings, Private Equity

Boyd Group Enters Texas with Acquisition of Three Collision Repair Centers in Dallas Market

March 2, 2018 By CollisionWeek Editor

The Boyd Group Inc. announced the February 23, acquisition of three collision repair centers in the Dallas, Texas market. These centers were previously operated as Earth Collision Center. This operation was founded in Carrollton in 2010.With success in this market, additional locations were opened in The Colony and Dallas, in 2012 and 2017, respectively. Carrollton […]

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

Private Equity Firm Combines JN Phillips Auto Glass and TechnaGlass to Form TruRoad Holdings

March 1, 2018 By CollisionWeek Editor

CenterOak Partners LLC, a Dallas, Texas based private equity firm, announced the formation of TruRoad Holdings, Inc. through its investment in JN Phillips Auto Glass and subsequent combination with Techna Glass, Inc. According to the company together, the new firm is the second largest automotive glass and claims-management company in the United States. CenterOak’s investment […]

Filed Under: News Tagged With: Acquisitions, JN Phillips Auto Glass, Private Equity, TechnaGlass, TruRoad Holdings

Fenix Parts Acquired by Stellex Capital Management

February 28, 2018 By CollisionWeek Editor

Private equity firm will pay over $8 million in cash for shares and assume $40 million in liabilities. Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today announced that it has entered into a merger agreement with the private equity firm Stellex Capital Management LP. Under the agreement, a Stellex-controlled affiliate will acquire the company […]

Filed Under: News Tagged With: Acquisitions, Fenix Parts, Private Equity, Stellex Capital Management

Boyd Group Acquires Collision Repair Center in Colorado 

February 27, 2018 By CollisionWeek Editor

The Boyd Group Inc. announced the February 20, opening of a collision repair location in Falcon, Colo. This center was previously operated as Falcon Collision Center. This new location is situated one and a half miles west of Highway 24, 14 miles northeast of Colorado Springs and serves the rapidly growing community of El Paso […]

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

Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee

February 23, 2018 By CollisionWeek Editor

MAPFRE Insurance, that announced in December it will cease operating in five states to focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a unit of Liberty Mutual. MAPFRE has agreed to provide Safeco the opportunity to underwrite its personal lines policies […]

Filed Under: News Tagged With: Acquisitions, Indiana, Kentucky, Liberty Mutual Insurance, MAPFRE, Safeco, Tennessee

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