Dynabrade, Inc. recently completed the acquisition of one of its suppliers, Manth Mfg. Inc., located in Tonawanda, N.Y. Manth Mfg. will continue to operate as a wholly-owned subsidiary of Dynabrade. “This is an excellent opportunity for Dynabrade to expand the scope of our vertical integration strategy,” says Dynabrade President, Michael Buffamonti. “Manth has been a […]
New York Takes Down Auto Theft Ring Linked to Theft of Over 225 Vehicles
New York State Attorney General Letitia James and New York City Police Department (NYPD) Commissioner Dermot Shea announced the indictment of 10 members of an auto theft and distribution operation for their roles in the theft and/or criminal possession of 45 vehicles during a six-month period and their roles related to the theft and resale […]
Adrienne Harris Named Superintendent of New York State Department of Financial Services
Former economic advisor to President Obama to become New York’s top financial and insurance regulator. New York State Governor Kathy Hochul announced that Adrienne Harris has been nominated to lead the New York State Department of Financial Services as its next Superintendent. Formerly a top economic advisor to President Obama, Ms. Harris will become the […]
IAA Announces 2 New Branches and Branch Expansion on East Coast
East Coast capacity increasing to support catastrophe-prone areas. IAA, Inc. (NYSE: IAA) announced it broke ground on two new state-of-the-art branches in Maryland and New York, as well as an expansion in the Long Island, NY area. IAA Elkton (MD) will become the fifth branch in Maryland. IAA Monticello (NY) will support the Hudson Valley […]
NYCM Insurance Selects Snapsheet Payments Software
Snapsheet announced that NYCM Insurance, a personal lines insurance carrier serving customers in New York State, is tapping Snapsheet Payments software to enable digital payments for customers alongside its existing check option. In addition to digitizing payments, Snapsheet will also facilitate faster communication methods during the payments process, power automated workflows, and offer increased transparency […]
Colors On Parade Adds New Franchise in Northeast Tri-State Area
Colors on Parade, the mobile automotive reconditioning franchise, announced the opening of its newest franchise unit in West Harrison, N.Y. Servicing the New Jersey, New York and Connecticut Tri-State area, the new franchise is owned and operated by Michael Grimaldi. Working alongside Area Developers, Mark Mega and David Lee, Michael will bring EcoSmart mobile automotive […]
Boyd Group Acquires Collision Repair Center in New York State
The Boyd Group Inc. announced the acquisition of a collision repair center in Victor, N.Y. This new Gerber Collision & Glass location operated as Austin-Spencer Collision Repair Center – Victor, servicing the community for 35 years. Victor is located in the northwest corner of Ontario County and appeals to many commuters with its proximity to […]
Legislation to Restrict Insurance Companies from Requiring Specific Collision Repair Facility Vendors Reintroduced in New York State
Proposed bill would prohibit insurer requirement that collision repair facility use a specific vendor for parts or materials purchases. A bill that would make it illegal for insurance companies to require repair shops to use specific vendors or processes for the acquisition of collision repair parts and materials has been reintroduced in New York State. […]
NY Attorney General Announces Conviction of Long Island Towing and Repair Facility for Tax Evasion
Businesses underreported sales by more than $8 million over 10 year period. New York Attorney General Letitia James and New York Commissioner of Taxation and Finance Michael Schmidt announced March 26 the guilty pleas of two Long Island auto repair shops and their owner for tax evasion. Broadway Towing, Inc. and Broadway Auto & Towing, […]
Five Collision Repair Shops Charged with Operating Insurance Fraud Ring in New York State
The District Attorney in Westchester County, New York, Anthony A. Scarpino, Jr., announced the takedown of “Operation Sledgehammer”, an alleged insurance fraud enterprise operating in lower Westchester and the Bronx, following a nearly two-year long investigation. Five registered automotive repair businesses and nine defendants were charged with Enterprise Corruption for defrauding insurance companies by enhancing […]
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