The Collision Repair Education Foundation announced the recipients of the first round scholarships in 2016 provided to students pursuing a career in the collision repair industry. The scholarship program, funded through the support of the industry, is provided annually to support those who represent the future of the industry both through direct financial assistance and […]
CCC Releases 2016 Crash Course Report
According to the CCC’s 2016 Crash Course report the auto claims and collision repair industries are at an ‘inflection point’ as vehicle technology, driving data, mobility and analytics converge and gain momentum. The report is available online to download. The in-depth report that focuses on the trends and business drivers impacting the auto claims and […]
AudaExplore and CCC Donate Software Subscriptions to Collision Repair Schools
AudaExplore, a Solera Company, and CCC Information Services, Inc. have donated over $7 million combined in estimating software subscriptions through the Collision Repair Education Foundation. AudaExplore has reached a milestone in donating over $3 million in software donations in 2015 through the Foundation to schools across the country. The program, Audatex Educational Institutions Program, began […]
GM MyPriceLink Going Live December 1
GM (NYSE:GM) Customer Care and Aftersales (CCA) announced its real-time collision repair parts list pricing initiative, MyPriceLink, will be going live on December 1st with integrations from major estimating platforms. As CollisionWeek reported earlier this year, GM worked with major estimating system suppliers to develop an integrated solution to improve workflow. GM announced last summer […]
Parts Shopping Added to CCC ONE Desktop
CCC Information Services Inc. announced today it has added parts shopping functionality to it CCC ONE Repair Workflow desktop solution, making it easier for estimators to shop for parts and make better repair decisions. With the parts shopping functionality, live parts pricing and inventory are available on-screen while the estimate is being written. OEM, aftermarket […]
Investcorp Completes Sale of CCC to Leonard Green & Partners
Investcorp confirmed that it has successfully completed the sale of CCC Information Services to the Los Angeles based private equity firm Leonard Green & Partners, L.P. Terms of the transaction were not disclosed however Investcorp noted that the sale of CCC unlocks over $550 million in proceeds for Investcorp and its investors. CCC was a […]
CCC to Get New Controlling Interest Investor
CCC Information Services Inc. announced that the private equity firm Leonard Green & Partners has entered into a definitive agreement to acquire a controlling interest in the company from Investcorp. Committed debt financing has been provided by affiliates of Goldman Sachs, including its principal mezzanine funds, and J.P. Morgan. Terms of the transaction were not […]
Judge Halts CCC Mitchell Merger
A district court judge has ordered that the merger between CCC Information Services and Mitchell International Inc. may not proceed until the completion of a full investigation by the Federal Trade Commission (FTC). As in many merger cases, the court’s decision may mean the end of the deal between the two companies unless they are […]
Mitchell International and CCC Plan Merger
Two of the three main information providers agree to join forces. CollisionWeek has confirmed from several sources that Mitchell International and CCC Information Services have entered into a definitive agreement to merge the two companies. On Thursday night, some customers of CCC Information Services and Mitchell International had received telephone calls from the companies explaining […]
CCC to be Acquired by Investment Group for $26.50 per Share
CCC Information Services Group has signed a definitive agreement to be acquired by an affiliate of Investcorp, a global investment group. Under the terms of the agreement, CCC stockholders will receive $26.50 in cash for each share of CCC common stock, representing a 10.3 percent premium over the average closing price of CCC’s stock for […]