Crash Champions announced the acquisition of Modern Auto Body, located at 8031 Reichs Ford Road in Frederick, Md. The acquisition was officially finalized on May 17 with operations transitioning to Crash Champions, effective immediately. “This is another proud step for the Crash Champions team as we continue expanding service across the state of Maryland,” said […]
Maryland Insurance Commissioner Kathleen Birrane to Step Down June 30
Maryland Insurance Commissioner Kathleen A. Birrane has announced her intent to resign effective June 30 and to return to private practice at DLA Piper, where she was a partner until being appointed Commissioner in May 2020. “My decision to return to private practice is bittersweet. Serving the residents of this State as the Insurance Commissioner […]
Doan Group Announces New Auto Appraisal Franchisee in Maryland and Washington DC
The Doan Group has announced the addition of a new franchise owner for its Maryland and Washington, D.C. regions. Kyle Boes, who has 13 years of experience in the insurance appraisal industry, has joined the company’s ever-growing roster of field appraisers who have decided to become franchise owners. “I appreciate the opportunity to build a […]
Alliance for Automotive Innovation Warns of Impact of Baltimore Bridge Collapse on Industry
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 […]
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