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Crash Champions Acquires Collision Repair Center in Maryland

May 23, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Crash Champions, Maryland

Maryland Insurance Commissioner Kathleen Birrane to Step Down June 30

April 18, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Insurance Commissioner, Maryland, People

Doan Group Announces New Auto Appraisal Franchisee in Maryland and Washington DC

April 4, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: District of Columbia, Maryland, Network Affiliations, The Doan Group

Alliance for Automotive Innovation Warns of Impact of Baltimore Bridge Collapse on Industry

March 27, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Alliance for Automotive Innovation, Maryland

Group 1 Automotive Acquires RRR Automotive Group

February 13, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, District of Columbia, Group 1, Maryland

Summit Partners Acquires CollisionRight from CenterOak Partners

January 30, 2024 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, CenterOak Partners, CollisionRight, Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Private Equity, Summit Partners, Tennessee, West Virginia

Asbury Automotive Group Completes Acquisition of Jim Koons Automotive

December 12, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Asbury Automotive Group, Delaware, Maryland, Virginia

Caliber Collision Acquires Two Repair Centers in Maryland

October 27, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Caliber, Focus Investment Banking, Maryland

William Fawcett Named Maryland’s Associate Commissioner for Property and Casualty

October 17, 2023 By CollisionWeek Editor

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, […]

Filed Under: News Tagged With: Maryland, Maryland Insurance Administration, People

Asbury Automotive Group Acquires Jim Koons Automotive

September 11, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Asbury Automotive Group, Delaware, Maryland, Virginia

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