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 […]
Australia’s AMA Group Acquires Seven Collision Repair Centers, Plans Three Greenfield Locations
The AMA Group provided an update on its expansion announced the acquisition of seven collision repair centers and plans for three new greenfield sites. These acquisitions will be funded using existing financial resources. The total anticipated consideration for the acquisition transactions is AU$6.23 million ($4.85 million) and will provide incremental revenue of AU$22.5 million ($17.57 […]
Australia’s AMA Group Acquires Six Collision Repair Centers, Plans Greenfield Locations
The AMA Group announced the acquisition of six collision repair centers and plans to open two greenfield locations. The acquisitions will be funded using existing cash resources. The total anticipated consideration for the acquisitions is AU$4.743 million ($3.576 million). The acquired business will provide incremental revenue of AU$26.9 million ($20.2 million) and earnings before interest, taxes, […]
BASF and AMA Group Announce 10 Year Supply Agreement
BASF (OTCMKTS:BASFY) has signed a ten-year partnership with the Australia and New Zealand bodyshop network AMA Group (ASX:AMA). Through this partnership, BASF will supply waterborne refinishing solutions from its premium automotive refinish paint brand Glasurit to AMA’s network in Australia and New Zealand of over 70 bodyshops. Chris Titmarsh, Vice President, Regional Business Management, Automotive Refinish […]
Australia – AMA Group Completes Gemini Acquisition
The AMA Group Limited announced that it has finalized the acquisition of Gemini Accident Repair Centres Pty. Ltd. that was announced in September. Gemini has 40 collision repair centers across Australia and one in New Zealand. With the addition of Gemini’s collision repair centers located across Australasia AMA will have a national footprint of in […]
AMA Group Finalizes Woods Acquisition
The AMA Group Limited announced that it has finalized its renegotiations for the acquisition of Woods Accident Repair Centres that was previously announced in May. Under the revised arrangement, AMA will now pay a total purchase price of AU$2.05 million ($1.49 million) in full settlement for the acquisition of Woods, including a majority stake in […]