Vehicle manufacturer plans steel mill, expanded production capacity and robotics facility through 2028. Hyundai Motor Group will invest $26 billion in the United States from 2025 to 2028, the South Korean vehicle manufacturer announced Monday, marking a $5 billion increase from its previous commitment. The investment will fund a new steel mill in Louisiana, expanded […]
Louisiana Auto Insurers File Rate Reductions as Accident Frequency Drops
Louisiana auto insurance companies have filed more than 20 rate reductions since January, with 14 cuts exceeding 1%, as reduced accident frequency drives down claims costs, state Insurance Commissioner Tim Temple announced August 14. “As cost drivers in the market go down, losses go down with them, and businesses are incentivized to compete for customers […]
Classic Collision Acquires Louisiana Repair Facility
Classic Collision LLC acquired Auto Craft Inc., a collision repair shop in Gretna, La., the Atlanta-based company announced Friday. Auto Craft has operated in Gretna for 49 years as a family-owned business. Classic Collision, founded in 1983, operates 341 collision repair facilities nationwide and ranks among the largest privately held auto body repair providers in […]
General Motors Insurance Available in Three New States
General Motors Insurance announced it has expanded to three new states including Arkansas, Colorado and Louisiana. The expansion brings the total number of states where its auto insurance is available to 17. General Motors Insurance is currently available in Alabama, Arizona, Arkansas, Colorado, Georgia, Illinois, Indiana, Iowa, Louisiana, Minnesota, Missouri, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, […]
Auto Glass Genie Announces Multi-State Expansion
Little Rock, Ark.-based auto glass company plans regional growth while implementing ownership culture for employees. Auto Glass Genie, an Arkansas-based auto glass repair and replacement company, announced that it has begun operations in multiple neighboring states as part of its regional expansion initiative. The company also launched an employee ownership program designed to promote long-term […]
Classic Collision Acquires First Repair Centers in Louisiana
Acquisition marks multiple collision repair shop operator’s entry into 21st state. Classic Collision, LLC announced the acquisition of its first collision repair centers in Louisiana. Fradella’s Collision Centers, established in 1982, is a family-owned auto body repair business serving the Greater New Orleans area with locations in Metairie, Chalmette, and Slidell. With the acquisition, Classic […]
Joe Hudson’s Collision Center Acquires Three New Locations
Joe Hudson’s Collision Center announced the acquisition of three new locations. The newly acquired collision repair centers include Hallmark Collision in Birmingham, Ala.; Hadaway Collision in Texarkana, Texas; and Keith’s Paint & Body in Lake Charles, La. These additions further strengthen JHCC’s presence in key markets, bringing the total number of locations to 254 nationwide, […]
Automotive Color & Supply Acquires Paint Works
WILsquare Capital, the lower-middle market private equity firm, announced that its portfolio company, Automotive Color & Supply (“CS), has completed the acquisition of Paint Works, a distributor of automotive and industrial paint and supply products serving Arkansas, Louisiana and Texas. Terms of the transaction were not disclosed. Paint Works expands ACS’ reach and customer service […]
Joe Hudson’s Collision Center Acquires Three Locations
MSO now has 240 locations in 18 states. Joe Hudson’s Collision Center announced the acquisition of three new locations including: Gold’s Auto Body in Kerrville, Texas; Charlie’s Paint and Body in Albany, Ga.; and Body Works Collision in Lake Charles, La. With these acquisitions, Joe Hudson’s now operates 240 locations across 18 states, solidifying its […]
Meyer Distributing Adds Location in Louisiana
Meyer Distributing, Inc. announced the addition of its Covington, La. crossdock. The crossdock will have a direct feed from Meyer’s Arlington, Texas distribution hub, which houses one of the largest inventories of automotive accessories, crash and collision, 4×4/Off-Road, and RV parts in the region. “Meyer has expanded inventories significantly in crash and collision parts in […]
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