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, […]
Dealer Tire Acquires Dent Wizard
Dent Wizard to continue to operate independently under leadership of CEO Mike Black. Dealer Tire, LLC, the replacement tire distribution company for automotive dealerships, announced it will acquire Dent Wizard, the provider of automotive reconditioning services and vehicle protection products. The combination of the two companies will create a leading aftersales dealer services platform in […]
Private Equity Firm Makes Offer to Acquire Opus Group
Group including CEO seeks to acquire all outstanding shares of global vehicle diagnostic and inspection firm. Searchlight Capital Partners together with Lothar Geilen, the chief executive officer of Opus Group AB (STO:OPUS) announced a public offer to the shareholders of Opus Group AB to acquire all outstanding shares in the Sweden-based vehicle diagnostic and inspection […]
Nationwide Invests in Connected Vehicle Cybersecurity Firm
Nationwide’s venture capital team has invested in Upstream Security, a provider of cybersecurity for connected vehicles. The investment is designed to help the Israel-based company enable OEM car manufacturers and fleets to detect, monitor and respond to attacks, targeting any part of the connected vehicle framework – even for vehicles already on the road. As […]
Genstar Capital Completes Acquisition of OEConnection
OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
Private Equity Firm Reported Partnering with PPG in Bid to Acquire Axalta
According to a report by Reuters, PPG Industries Inc. (NYSE:PPG) and the private equity firm Clayton, Dubilier & Rice LLC (CDR) are among groups considering acquiring Axalta Coating Systems Inc. (NYSE:AXTA). Also reported to be considering a bid for Axalta is a partnership between Platinum Equity LLC, and Koch Industries Inc. According to Reuters, the […]