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 […]
Boyd Group Acquires Collision Repair Center in Colorado
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 […]
Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee
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 […]
The Collision Centers Acquires Sixth Collision Repair Center on Long Island
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 […]
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