Australia Tax Commissioner ruling against demerger relief scuppers $395 million acquisition. The AMA Group Limited (ASX:AMA) announced that its AU$508 million ($395.4 million) sale of its collision repair business to the U.S. private equity firm Blackstone will not proceed following its receipt of a formal response from the Deputy Commissioner of Taxation refusing AMA’s request […]
Fix Auto Australia Adds Collision Repair Facility to Network in New South Wales
Fix Auto Australia is pleased to announce the addition of Fix Auto Shoalhaven to its network in New South Wales. Fix Auto Shoalhaven’s owner-operator, Ron McGuire, has over 35 years’ experience in the collision repair industry. Having begun his career in the food industry, he was soon inspired by his brother’s panel shop, and began […]
Axalta Announces New Australian Headquarters in West Sydney
Axalta (NYSE:AXTA) announced it has commissioned construction of a new 10,200-square-meter Australian headquarters in Marsden Park, in Western Sydney. The facility will house corporate offices, a state-of-the-art training facility, and a warehouse and distribution center for up to 50 employees. Scheduled to open in the first quarter of 2019, the facility will serve the company’s […]
Blackstone to Acquire Australia-Based AMA Group’s Collision Repair Business for $395 Million
Private equity firm also owns Service King Collision Repair Centers Australia’s AMA Group (ASX:AMA) announced today that it will sell its collision repair business to the U.S. private equity firm Blackstone for AU$508 million ($395.4 million) and spin off its automotive component and accessory (ACAD) business into a new company that will remain listed on […]
Australia’s AMA Group Added 14 Collision Repair Centers in First Half
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 […]
I-CAR Australia Adds Car Craft as Platinum Sponsor
I-CAR Australia announced that Car Craft, the collision repair network operator, has increased its corporate involvement with I-CAR by raising its membership status and becoming a Platinum Member, to support further professional industry development. Mark Czvitkovits, CEO of I-CAR Australia, said, “The growth of Car Craft and the commitment to providing a consistent standard across […]
Australian Motor Body Repairers Association Launches Hourly Cost Calculator
Tool will help collision repair centers determine the real costs of body repair businesses The Motor Trades Association of Australia (MTAA) Limited and its affiliated organization, the Australian Motor Body Repairers Association (AMBRA), launched a new cost calculator tool that will assist motor body repair businesses transparently identify their costs and a charge out hourly […]
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 […]
Fix Auto Adds Collision Repair Center to Network in Australia
Fix Auto Australia announced the addition of Fix Auto Willetton, owned and operated by Wayne Russell, to the Fix Auto network, effective November 30. In 2004, 28-year industry professional Russell realized the goal of purchasing his first panel shop. Following the business’ successful growth over the next 7 years, Wayne saw an opportunity to invest […]
NSF Certifies First Automotive Recyclers in Australia
NSF International has issued its first automotive recycler certifications to three companies in Australia. ASV Euro Car Parts in Sydney, Grant Walker Parts in Melbourne and Paradise Auto Parts in Adelaide meet all of the NSF International certification requirements, including rigorous grading, operational, labeling and traceability requirements, as well as safety and environmental compliance requirements. […]
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