Private equity firm GTCR and activist investor Elliott Investment Management are reported to be in advanced talks to acquire CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCC), Reuters reported Oct. 9, citing a source familiar with the matter. A final agreement had not been reached, and the source did not disclose financial terms, according to Reuters. […]
Distribution Solutions Group to Go Private in $35 Per Share Deal with LKCM Headwater
Distribution Solutions Group, Inc. (NASDAQ: DSGR) announced July 16 that it has entered into a definitive merger agreement under which newly formed entities controlled by LKCM Headwater Investments, LLC will acquire all outstanding shares of DSG common stock not already owned by LKCM Headwater and its affiliates for $35 per share in cash, taking the […]
CCC Intelligent Solutions Reportedly Exploring Sale
CCC Intelligent Solutions (NASDAQ: CCC) is reportedly exploring a sale of the business and has hired Morgan Stanley to advise on the process. According to a report July 9 by Reuters, the company has reached out to prospective buyers, including private equity firms. CCC has explored strategic options before. In 2023, CollisionWeek reported on a […]
ServiceUp Secures $55 Million Series B Funding for Vehicle Repair Platform
ServiceUp, a vehicle repair management platform, closed a $55 million Series B funding round led by PeakSpan Capital to expand its fleet and insurance industry services. The round included participation from existing investors Hearst Ventures, Trestle Partners, Capital Midwest Fund and Litquidity Ventures. The funding brings ServiceUp’s total raised to $70 million since its 2021 […]
Focus Advisors Reports Private Equity Investments in Collision Repair Surge
In guest article, David Roberts, Founder and Managing Director, Focus Advisors Automotive M&A, details recent activity, predicts more private equity firms will enter industry. In the last five months, more than $9 billion in capital has been invested into the collision repair industry by private equity firms. The biggest chunk of this new capital was […]
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 […]
Palladium Heritage Acquires Three Aftermarket Collision Repair Parts Distributors
Combination creates Collision Auto Parts platform to expand with further acquisitions and new location openings. Palladium Equity Partners, along with its joint venture affiliate Palladium Heritage, announced today that it has partnered with management to create a platform named Collision Auto Parts LLC, with the acquisition of three automotive aftermarket collision repair part companies. The […]
Highview Capital Invests in Recycler B&R Auto
Highview Capital, LLC today announced a partnership with B&R Auto, the Oregon-based independent auto recycler. Founder-owned and operated by the Perlenfein family since 1980, B&R provides recycled parts to automotive collision and repair centers and do-it-yourself customers. The Company operates 19 locations across the Western U.S. focused on best-in-class dismantling processes, technology, and customer service. […]
Focus Advisors Reports Private Equity More Committed to Collision Repair Than Ever
According to a report released May 10 by David Roberts and Chris Lane of Focus Advisors Automotive M&A, private equity investment in the collision repair industry is more extensive than it has even been. Below is their latest report on the history, current state and future of private equity investment in collision repair consolidation: Private […]
Incline Equity Partners Invests in Certified Collision Group
Certified Collision Group (CCG) the provider of business development and vendor management solutions to the collision repair market, announced that it has partnered with Incline Equity Partners to enhance its affiliate value proposition, expand its strategic partnerships, and explore new markets. Terms of the deal were not disclosed. Incline Equity Partners, headquartered in Pittsburgh, Pa., […]
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