Australia’s AMA Group Limited (ASX:AMA) announced the completion of the previously announced acquisition of Capital Smart Repairs Australia Pty Ltd (Capital SMART). Under the sale terms AMA owns 90% of Capital SMART, with Suncorp Insurance Ventures Pty Ltd (Suncorp) retaining a 10% holding in Capital S.M.A.R.T. The acquisition includes a long-term strategic service agreement of […]
Australia’s AMA Group to Acquire Capital SMART Collision Repair Business and ACM Parts from Insurer Suncorp
Insurer will retain 10 percent interest in Capital SMART and enters into long-term supply agreement. The AMA Group Limited (ASX:AMA) today announced an agreement with Suncorp Insurance Ventures Pty Ltd (Suncorp) to acquire 90 percent of Capital SMART Repairs Australia Pty Ltd in a transaction valuing the company at AUD$420 million ($280.3 million). AMA will […]
Australia’s Suncorp Reported Considering Sale of ACM Parts and Capital SMART
According to an article in the Australia Financial Review, Australia insurer Suncorp Group is considering a sale of its automotive parts supplier business, ACM Parts. According to the article, the insurer and financial services company has hired Deloitte Corporate Finance to oversee a strategic review for the division that may led to a sale of all […]
Suncorp Reported Considering Sale of Capital SMART Repairs
Suncorp’s Insurance Ventures investment subsidiary is reported to be exploring the sale of its majority stake in Australia’s second largest collision repair chain. The Australian Financial Review reported that the Suncorp Group’s Insurance Ventures investment arm is considering the sale of its majority ownership position in the Capital SMART repair chain. According to the article, […]
Capital S.M.A.R.T Acquires Honda New Zealand Collision Repair Center
Capital S.M.A.R.T announced that it has acquired the East Auckland Body and Paint facility from Honda New Zealand. Capital S.M.A.R.T Founder and Group Operations Director Jim Vais said it was a significant opportunity for the company as it marked the beginning of a new customer stream, working with car manufacturers. “This is another major milestone […]
Australia’s Capital S.M.A.R.T Launces Collision Repair Apprentice Program
Capital S.M.A.R.T, the Australia-based multiple collision repair facility operator with more than 40 locations in Australia and New Zealand, announced it launched its first dedicated apprentice training site. S.M.A.R.T has created an accelerated program in partnership with PPG and Kangan Automotive Centre of Excellence which will enable its apprentices to develop their skills quickly by […]
Australia’s Capital S.M.A.R.T. Adds Collision Repair Center in New South Wales
Capital S.M.A.R.T announced it our newest site in Ingleburn, New South Wales . The new site is the company’s 11th collision repair center in New South Wales and over 40 locations in Australia and New Zealand. Group Operations Director of S.M.A.R.T, Jim Vais, stated that he was excited about the customer benefits that the new […]
Australia’s Capital S.M.A.R.T Acquires Location in Tasmania
Capital S.M.A.R.T Repairs announced it was in final negotiations to acquire Car Repairs Tasmania, enabling the expansion of its collision repair service into Tasmania. The acquisition will complement the existing S.M.A.R.T network of 36 collision repair centers across Australia and New Zealand. “We have been looking to expand our network into Tasmania for some time […]