The Alliance for Automotive Innovation warned that the collapse of the Francis Scott Key Bridge in Baltimore, Md. will have an impact on the automotive business. “This is a terrible tragedy and our sympathies go out to those injured and still missing in Baltimore,” said Bozzella, president and CEO of Alliance for Automotive Innovation, in […]
Group 1 Automotive Acquires RRR Automotive Group
Transaction includes three collision repair centers. Group 1 Automotive, Inc. (NYSE: GPI) the automotive retailer with 198 dealerships located in the U.S. and U.K., today announced the acquisition of the RRR Automotive Group, adding to its U.S. portfolio in the greater Baltimore/Washington DC market, the sixth largest metropolitan area in the United States. The acquisition […]
Summit Partners Acquires CollisionRight from CenterOak Partners
Collision repair facility operator has 89 collision repair centers in nine states. CenterOak Partners LLC, the Dallas, Texas-based private equity firm, today announced the sale of CollisionRight, Inc. to Summit Partners. Terms of the transaction were not disclosed. The majority investment from Summit Partners, a growth equity investment firm, will provide new capital to help […]
Asbury Automotive Group Completes Acquisition of Jim Koons Automotive
Largest auto retail acquisition since 2021 includes 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland and Delaware. Asbury Automotive Group, Inc. (NYSE: ABG) announced it has completed the acquisition of Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S. The acquisition, originally announced in September, includes 20 dealerships, 29 […]
Caliber Collision Acquires Two Repair Centers in Maryland
FOCUS Investment Banking, the middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced that Auto Body Innovations (ABI), with locations in Upper Marlboro and Owings, Md., has been acquired by Caliber Collision. FOCUS represented Auto Body Innovations in the transaction. ABI’s owners, brothers Keith and Kevin Dick, started out as […]
William Fawcett Named Maryland’s Associate Commissioner for Property and Casualty
Maryland Insurance Administration Commissioner Kathleen A. Birrane has appointed William Fawcett as associate commissioner for property and casualty for the Maryland Insurance Administration. Fawcett will oversee the Insurance Administration’s Property and Casualty Division, which comprises a rates and forms review unit and a complaints unit. By law, all insurance companies that sell property, casualty, surety, […]
Asbury Automotive Group Acquires Jim Koons Automotive
Sale of ninth largest private dealership group in the US includes 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland and Delaware. Asbury Automotive Group, Inc. (NYSE: ABG) announced an agreement to acquire Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S. The sale of the Mid-Atlantic Region company is […]
Hertrich Dealerships Opens 11th Collision Repair Center
The Hertrich Family of Automobile Dealerships announced it opened its newest collision center location in Elkton, Md. Hertrich Collision Center of Elkton is the 11th collision center operated by Hertrich and the third center on Maryland’s Eastern Shore. Hertrich operates collision centers in Delaware, including Bear, Dagsboro, Dover, Lewes, Milford, Millsboro, Newark, and Seaford. Additionally, […]
CollisionRight Announces Acquisition of Nine Collision Repair Centers in Three Separate Transactions
Adds locations in Illinois, Ohio and Maryland. Platform now includes more than 80 locations throughout Central & Mid-Atlantic Regions. CollisionRight, Inc. today announced three acquisitions that included nine collision repair centers. The company, formed by CenterOak partners in 2020, expanded its operating footprint through the recent acquisition of D’s Paint & Body, consisting of three […]
Meyer Distributing Opens New Location in Maryland
Meyer Distributing, Inc., a leader in automotive specialty products marketing and distribution, announces the addition of its Hanover, Md. cross-dock. The cross-dock will have a direct feed from Meyer’s Pennsylvania distribution hub, which houses one of the largest inventories of automotive accessories, collision repair parts, and RV parts in the region. “It’s been a busy […]
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