PBE distributor operates 50 branch locations and two distribution centers. PNC Riverarch Capital announced the sale of Painters Supply & Equipment Co. (PSE) to Odyssey Investment Partners in August. Terms of the transaction were not disclosed. Founded in 1952, PSE is a leading distributor of paint and related supplies to the automotive aftermarket and specialty […]
Turnspire Capital Partners Acquires Spectra Premium Industries
Turnspire Capital Partners LLC announced today that affiliates have signed an agreement to acquire the assets of Spectra Premium Industries. Headquartered in Boucherville, Quebec, Spectra is a designer, manufacturer and distributor of thermal and fluid management metal-formed products for the automotive, heavy-duty truck and industrial markets. With over 700 employees, Spectra operates manufacturing facilities in […]
Tractable Raises $60 Million
Tractable announced a $60M Series D investment led by Insight Partners and Georgian. The round doubles the total raised by Tractable from $55 million to $115 million and values the company at $1 Billion Tractable’s artificial intelligence (AI) analyzes vehicle damage photos in real time to accelerate decisions that can otherwise take days, such as […]
Private Equity Firm American Pacific Group and Gray Eagle Capital Partners Launch Aesop Auto Parts with Wayne Auto Salvage Acquisition
American Pacific Group (APG), a San Francisco-based private equity firm, announced today that, together with Allam Taj and Christoph Ganz of Gray Eagle Capital Partners, it has formed Aesop Auto Parts, a company that will serve as a platform to acquire and grow progressive auto recycling businesses. Simultaneously, Aesop acquired Wayne Auto Salvage, an established […]
Private Equity Firm LNC Partners Invests in Kaizen Collision Center
Multiple shop operator currently has 10 collision repair centers in Arizona and Southern California. LNC Partners, a Northern Virginia-based private equity firm with over $500 million of capital under management, announced that it has partnered with Kaizen Collision Center by making an investment to support its continued growth strategy. Kaizen currently operates 10 collision repair […]
Transtar Holding Company Sold to Blue Point Capital Partners
Private equity firm takes majority stake in parent of refinish coatings and materials supplier Transtar Autobody Technologies. Transtar Holding Company, a portfolio of automotive aftermarket and original equipment (OE) businesses including Transtar Autobody Technologies, announced the sale of majority ownership to private equity firm Blue Point Capital Partners. Founded in 1975 in Cleveland, Transtar Holding’s […]
Canada-Based Collision Repair Consolidator Lift Auto Group Receives Funding from PFM Capital
PFM Capital Inc. (PFM), on behalf of the APEX III Investment Fund Limited Partnership (APEX III) announced it has made a strategic investment in British Columbia-based Lift Auto Group to support the continuation of the collision repair facility consolidator’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (CBGF), that invested in Lift […]
CenterOak Partners Forms New Collision Repair Company
Private equity firm establishes collision repair platform with 20 locations in Ohio, Kentucky and Michigan. CenterOak Partners LLC, a Dallas, Texas-based private equity firm, today announced the formation of CollisionRight, Inc. a new, regional multi-shop operator of auto body repair services in the Central U.S. CenterOak’s investment will provide capital to support the growth of […]
Claim Genius Raises $5.5 Million in Series A Funding
Claim Genius, a provider of instant vehicle damage assessment solutions using computer vision and artificial intelligence (AI) technology, announced the closing of its $5.5 million Series A funding round, following its earlier $2.3 million seed round in 2018. The latest round is backed by a diversified mix of strategic investors including Malaysia-based Financial Link, a […]
Original One Parts Acquired by Kinderhook Industries
Original One Parts, the supplier of certified auto parts for use in both collision repair and mechanical repairs, announced today that it has been acquired by private equity firm Kinderhook Industries, LLC. Financial terms of the transaction were not disclosed. Headquartered in Dallas, Texas, Original One Parts serves independent collision repair shops, dealership service centers, […]