The Collision Centers of New York announced it has acquired Silver Star Collision in Port Jefferson, N.Y. The new collision repair center is located at 14 Industrial Road. With the acquisition The Collision Centers has six locations in Suffolk County on Long Island. Operations will be transitioned to The Collision Centers effective immediately. “We are […]
LKQ Reports Revenue Up 13.4 percent in 2017
Organic revenue growth for year was 4.1 percent LKQ Corporation (NASDAQ:LKQ) today announced financial results for its fourth quarter and full year ended December 31. For the fourth quarter of 2017, revenue was $2.47 billion compared with $2.15 billion for the fourth quarter of 2016, an increase of 14.9 percent. For the fourth quarter, parts […]
Boyd Group Acquires Four Collision Repair Centers in Ontario, Canada
The Boyd Group Inc. announced that on January 31 it acquired a multi-store operation located in Sudbury, Ontario, Canada with four collision repair centers. The centers were previously operated by the Nero Family as Regent Autobody. “We are very excited to add these new locations, which have served the Sudbury market well for over 30 […]
Hartford Acquires Commercial Independent Agent Business Of Foremost Insurance
The Hartford announced it has entered into a renewal rights agreement with the Farmers Exchanges to acquire its Foremost-branded small commercial business sold through independent agents. The Hartford Insurance Group was the 14th largest commercial auto insurer in the U.S. with over $603 million in direct premiums written in 2016. The Foremost-branded small commercial independent […]
Fenix Parts Confirms Receipt of Offer from Upstate Shredding
Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today confirmed that it has received an unsolicited, non-binding offer from Upstate Shredding, LLC to acquire all of the outstanding shares of common stock of Fenix Parts. The non-binding offer was received outside of the company’s previously announced strategic alternatives process, which is being managed by Stifel. […]
Painters Supply Acquires Indiana Distributor
Painters Supply & Equipment Co. (PSE) announced it has completed the acquisition of Northern Indiana Paint Supply, Inc. increasing its footprint in the Northern and Central Indiana market. Founded in 1982, Northern Indiana Paint Supply is a family- owned PPG Platinum Distributor that operates three Indiana stores in Fort Wayne, Osceola, and Warsaw. “We are […]
Fix Auto Quesnel Under New Ownership
Fix Auto Canada announced a change in ownership of Fix Auto Quesnel in British Columbia. The facility was purchased by Anita Slovak and Jesse Bowden. This location has been providing customers auto body repair work since 2011. Slovak, along with her husband, may be new to the collision industry, but they have extensive experience owning […]
Worley Claims Services Acquires Audit Services Incorporated
Worley Claims Services, LLC announced the acquisition of Audit Services Incorporated (ASI), a claim estimate writing and review supplier for the property and auto insurance markets. Financial terms of the transaction were not disclosed. StoneRidge Advisors, LLC advised Worley Founded in 1998, ASI has established itself as a leader in providing the highest quality estimate […]
Service King Acquires Collision Repair Center in California
Service King Collision Repair Centers announced the company has acquired Izzie’s Body and Frame in West Sacramento, California. The repair center is located at 1120 Shore St. and, as part of the deal, will transition operations to Service King immediately. “We are proud to continue our steady growth across the state of California and particularly […]
Australia’s AMA Group Confirms Discussions on Sale of Collision Repair Unit to Blackstone
Proposal values collision repair business at AU$530 million Following an article in the Australian Financial Review, Australia’s AMA Group Ltd. (ASX:AMA) confirmed that had received a proposal from Blackstone Private Equity for its collision repair centers. The AMA group owns more than 90 collision repair centers in Australia and New Zealand with reported sales of […]
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