Polaris, the private equity firm that acquired Car-O-Liner in 2012, explained the rationale for the sale of the company to Snap-On that was announced earlier this week. With Polaris as its owner, the company has seen a period of rapid expansion while simultaneously strengthening its position in the US and China. Jan Dahlqvist, a Polaris […]
Snap-on to Acquire Car-O-Liner for $155 Million
Snap-on Incorporated (NYSE:SNA) today announced that it has entered into an agreement to acquire Car-O-Liner Holding AB for approximately $155 million in cash. Based in Gothenburg, Sweden, Car-O-Liner, that had trailing 12 month sales of approximately $95 million, is a global provider of collision repair equipment and information and truck alignment systems. Subject to certain […]
Car-O-Liner Receives Lamborghini Approval
Car-O-Liner announced that Automobili Lamborghini has approved Car-O-Liner frame straightening and measuring systems. The approval includes the Car-O-Liner Quick 42 frame alignment system, the Car-O-Tronic Vision2 X3 electronic measuring system, and the EVO anchoring, holding and fixturing system. Only Lamborghini approved workshops will be given access to Lamborghini data found in the Car- O-Liner Car-O-Data […]
Performance Tool & Equipment Under New Ownership
Car-O-Liner announced that Eddie Gutierrez is the new owner and president of Performance Tool & Equipment Inc., its distributor in Albuquerque, N.M. Gutierrez, who spent 25-years in commercial banking, took over the company from Ben Padilla earlier this year. Gutierrez chose to purchase Performance Tool and Equipment after concentrating on the business’s financials. “My parents […]
Metropolitan Car-o-liner Expands Territory into Delaware and Maryland
Car-O-Liner announced that Metropolitan Car-o-liner, the first-ever U.S. distributor of Car-O-Liner products, is expanding its territory. Metropolitan’s current service area includes shops throughout New Jersey, Connecticut, eastern Pennsylvania, and eastern New York. They have now acquired the state of Delaware and the remaining part of Maryland on the DELMAR peninsula. “The expansion of our territory […]
Car-O-Liner Adds New Distributor in Virginia, D.C. and Maryland
Car-O-Liner announced that B&R Associates is now a distributor of Car-O-Liner equipment with a territory representing Northern Virginia, Washington D.C., and portions of Maryland. Headquartered in Gaithersburg, Md., B&R Associates was established in 1971. “We are extremely excited to be distributing Car-O-Liner equipment. We believe the Car-O-Liner brand fits in perfectly with our existing product […]
Sullivan’s Equipment Opens Training Center
Car-O-Liner announced that its distributor, Sullivan’s Equipment Sales and Service in Danville, Ind., has opened an on-site training center. The 13,000 sq. ft. warehouse includes a remodeled training area that will feature live repairs, OEM training, proper sectioning processes and more, said Craig Sullivan, Owner and President of Sullivan’s Equipment. “Rather than telling a technician […]