Fenix Parts announced it closed the acquisition of University Auto Recyclers in Pensacola, Fla, a full-service automotive recycling facility servicing the Florida panhandle, along with Alabama and Mississippi. This acquisition represents Fenix Parts’ third location in Florida and is a key addition to its Southeast supply chain and distribution network. Bill Stevens, CEO of Fenix […]
Classic Collision Acquires Collision Repair Center in New Florida Market
Classic Collision, LLC announced the acquisition of Classi Auto Body in the Daytona Beach, Fla. area. Classic Collision now operates a total of 103 repair centers in Alabama, Alaska, California, Florida, Georgia, Oregon, South Carolina, and Washington. Family-owned Classi Auto Body specializes in high-end vehicles repair services and has served the Daytona Beach area for […]
National Oak Distributors Acquires PBE Jobbers Warehouse
Prairie Capital Advisors, Inc. announced its client PBE Jobbers Warehouse, Inc. has been acquired by National Oak Distributors, Inc. Prairie acted as exclusive financial advisor in this transaction to PBE Jobbers and its shareholders and was led by Tim Witt and Anthony Dolan of Prairie. Terms of the transaction were not disclosed. Founded in 1976 […]
Argo AI and Ford to Launch Self-Driving Vehicles on Lyft Network in Miami by End of Year
Plans to expand autonomous ride hailing to Austin, Texas in 2022. Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale. The unique collaboration brings together all of the parts necessary to create a viable autonomous ride hailing service, including the self-driving technology, vehicle fleet and transportation network […]
Florida Governor Vetoes No-Fault Auto Insurance Repeal
Florida Gov. Ron DeSantis has vetoed legislation that would have ended Florida’s system of no-fault auto insurance, saying the bill (SB 54) would result in “unintended consequences.” Critics of the legislation argued the bill would push up rates for many drivers. “While the PIP system has flaws and Florida law regarding bad faith is deficient […]
Signature Collision Centers Merges with Crash Champions
Following transaction, Crash Champions will have 118 collision repair centers across the U.S. Crash Champions announced today that the Company has entered into an agreement with Signature Collision Centers, one of the largest family owned, independent collision repair companies on the East Coast, to add Signature’s 24 locations to the Crash Champions collision repair platform. […]
Classic Collision Acquires 4 Collision Repair Centers in Florida
Classic Collision, LLC announced its newest acquisition of all four Mitchco Collision Repair centers in Florida. Classic Collision now operates 25 repair centers in Florida and a total of 78 nationwide in Georgia, Florida, Alabama, South Carolina, California, and Alaska. Mitchco Collision Repair is a family-owned and operated auto repair business providing friendly and quality […]
Classic Collision Acquires 4 Collision Repair Centers
Marks entry into Alaska for multiple shop operator, also adds location in Florida. Classic Collision, LLC announced two separate acquisitions of three Able Body Shops in Anchorage, Alaska and one Prestige Auto Collision in Cutler Bay, Fla. Classic Collision now operates a total of 74 repair centers in Georgia, Florida, Alabama, South Carolina, California, and […]
Insurance Association Warns Florida Senate No-Fault Repeal Legislation Could Lead to More Uninsured Drivers
In a statement April 15 issues in response to the the passage of Senate Bill 54 (Motor Vehicle Insurance) to repeal no-fault insurance by the Florida Senate, the American Property Casualty Insurance Association (APCIA) warned the bill would impact lower-income drivers the most and would increase uninsured drivers. Logan McFaddin, assistant vice president of state […]
Boyd Group Acquires Collision Repair Center in Vero Beach, Florida
The Boyd Group Inc. announced the acquisition of a collision repair center in Vero Beach, Fla. The new Gerber Collision & Glass location operated as Perfection Paint & Body for over 20 years. Vero Beach is the county seat of Indian River County and home to aviation manufacturer Piper Aircraft. Tourists visit Vero Beach to […]
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