Private equity firm acquires 110 store collision repair chain. TSG Consumer Partners (TSG), a private equity firm focused exclusively on the branded consumer sector, today announced that it has signed an agreement to acquire a majority stake in Joe Hudson’s Collision Centers (JHCC) from Carousel Capital. Carousel Capital and JHCC management will continue as minority […]
Copart Expands Atlanta Location
Copart, Inc. (NASDAQ:CPRT) announced a 40 acre expansion to its Atlanta East location in Georgia. This is the second time Copart has expanded this location this year as it continues to execute on its capacity growth initiative. “We are thrilled that we can meet our customers’ growing needs by expanding the Atlanta East facility,” said […]
Fenix Parts Completes Acquisition of Cox Truck and Van
Fenix Parts, Inc. announced today the closing of the previously announced transaction to acquire Cox Truck and Van, Inc. (CTV). This is the first acquisition completed to the Fenix Parts platform since the company was acquired by affiliates of Stellex Capital Management LP in April 2018. CTV, founded in 1977, operates a full service auto […]
Copart Opens New Location in Georgia
Copart, Inc. (NASDAQ:CPRT) announced the opening of its new location in Macon, Ga. The 35 acre facility is Copart’s ninth location in Georgia. “Opening in Macon allows us to offer increased convenience and additional options to our sellers and buyers in Georgia,” said Copart CEO Jay Adair. “This new location is a strategic step in […]
Fenix Parts to Acquire Cox Truck and Van
Fenix Parts, Inc. today announced the execution of a definitive agreement whereby Fenix Parts will acquire the assets of Cox Truck and Van, Inc. (CTV). The parties expect the acquisition to be completed in July. CTV, founded in 1977, operates a full service auto recycling facility in Gainesville, GA and both full service and self […]
BMW Opens Two New Collision Repair Technician Training Facilities, Expands Two Others
BMW of North America announced the openings of two new auto service and collision repair technician training facilities in Spartanburg, S.C. and Atlanta, Ga., and the expansion of training capacity in Ontario, Calif. and at the company’s headquarters in Woodcliff Lake, N.J. The $56 million investment will support the development of new and existing technicians […]
Georgia Insurance Commissioner Steps Down
Georgia Insurance Commissioner Jim Beck announced yesterday that he is suspending himself from office. This means he will be absent from making decisions with regard to the daily operations of the Department of Insurance. In his absence, Chief Deputy Insurance Commissioner Drew Lane will perform the duties of the Insurance Commissioner as provided for by […]
Georgia Insurance Commissioner Indicted for $2 Million Fraud Scheme
Georgia Insurance Commissioner Jim C. Beck was indicted by a federal grand jury yesterday on charges of wire fraud, mail fraud and money laundering. The 38-count indictment alleges that Beck stole more than $2,000,000 from his former employer, the Georgia Underwriting Association, during the five years just prior to Beck’s election to statewide office in […]
Painters Supply & Equipment Acquires Six Location Georgia Distributor
Painters Supply & Equipment Co. (PSE) announced it has completed the acquisition of Automotive Paint & Equipment (AP&E). The acquisition adds 6 locations in Georgia and further expands PSE’s market presence in the Southeast United States. AP&E is a PPG Platinum Distributor headquartered in Warner Robins, Ga. with additional stores in Brunswick, Dublin, Macon, Savannah […]
Georgia Collision Repair Shop Owner Pleads Guilty in Insurance Fraud Racketeering Case
A Decatur, Ga. collision repair shop owner pleaded guilty January 14 to staging car crashes and inflicting intentional damage on customers’ cars to pocket larger insurance payments. Alfonzo McKeever, 55, pleaded guilty to racketeering just before his trial was set to begin in Bibb County Superior Court. A judge sentenced him to serve 15 years. […]
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