Car Guys Collision Repair, the Florida based MSO, announces the acquisition of Collision Tech of Citrus County. The newly acquired collision repair center is Car Guys Collision Repair’s 14th location in Florida. Collision Tech of Citrus County was owned by Bob and Bonnie Alexander. DJ Mitchell, Vice President of Operations, said, “Opening up in Inverness […]
Plymouth Rock Assurance Will Enter New York Auto Insurance Market with Acquisition
Acquisition of 21st Century National Insurance Company approved by New York State New York State Financial Services Superintendent Maria T. Vullo announced that the New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation and Plymouth Rock Group of Companies to acquire 21st Century National Insurance Company (National) […]
AkzoNobel Sells it Specialty Chemicals The Carlyle Group and GIC for $12.5 Billion
AkzoNobel today announced the sale of its Specialty Chemicals business to private equity firm The Carlyle Group and GIC Pte. Ltd., Singapore’s sovereign-wealth fund, for €10.1 billion ($12.5 billion). The sale, part of the plan announced last spring, to split the company into two units with one focusing on Paints and Coatings, and the other Specialty […]
Abra Acquires First Collision Repair Center in Maryland
Abra announced the acquisition of a new collision repair center in Rising Sun, Md., approximately 50 miles northeast of Baltimore, near the Pennsylvania border. Rising Sun is A’s first location in the state of Maryland. Located at 320 W. Main St. in Rising Sun, the former Harrison MITA Collision facility opened as Abra on March […]
Solera and Mapfre Joint Venture to Acquire CESVI Brazil
Solera Holdings, Inc. and MAPFRE S.A., the global insurer, announced that their existing joint venture, Solera Technology Centre GmbH (STC), has signed a definitive agreement to acquire CESVI (Center for Experimentation and Road Safety) Brazil. The acquisition is subject to closing conditions, including approval by the Brazilian competition regulatory authority. CESVI Brazil is an automotive […]
FTC Clears Kemper to Acquire Infinity in $1.4 Billion Transaction
The Federal Trade Commission issued an early termination notice in its review of the Kemper Corporation (NYSE:KMPR) acquisition of Infinity Property and Casualty Corporation (NASDAQ: IPCC) In February the two insurers announced that they have entered into a merger agreement under which Kemper will acquire Infinity in a cash and stock transaction valued at approximately […]
Copart Acquires Finnish Salvage Auto Auction Company
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 […]
Fenix Parts Begins Proxy Solicitation for Merger
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 […]
Axalta Acquires Manufacturing and Distribution Site in Sacramento
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 […]
Fix Auto Medicine Hat Under New Ownership
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 […]
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