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Claim Genius Raises $5.5 Million in Series A Funding

July 24, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Claim Genius, Private Equity

Original One Parts Acquired by Kinderhook Industries

June 4, 2020 By CollisionWeek Editor

Original One Parts logo

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, […]

Filed Under: News Tagged With: Acquisitions, Kinderhook Industries, LLC, Original One Parts, Private Equity

Dealer Tire Acquires Dent Wizard

January 7, 2020 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Bain Capital, Dealer Tire, Dent Wizard, Gridiron Capital, Missouri, Private Equity

Private Equity Firm Makes Offer to Acquire Opus Group

December 3, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Opus Group AB, Private Equity, Sweden

Nationwide Invests in Connected Vehicle Cybersecurity Firm

October 23, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Cybersecurity, Nationwide Insurance, Private Equity

Genstar Capital Completes Acquisition of OEConnection

September 27, 2019 By CollisionWeek Editor

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. […]

Filed Under: News Tagged With: Acquisitions, Ford Motor Company, General Motors, Genstar Capital, OEConnection, Private Equity, Providence Equity Partners

Private Equity Firm Reported Partnering with PPG in Bid to Acquire Axalta

September 19, 2019 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Axalta Coating Systems, PPG Industries, Private Equity

Root Insurance Raises $350 Million in Latest Funding Round

September 11, 2019 By CollisionWeek Editor

Root Insurance announced it raised $350 million in Series E funding. Root has now raised a total of $523 million in funding, with an additional $100 million in debt financing. This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate growth in existing markets […]

Filed Under: News Tagged With: Private Equity, Root Insurance

TSG Consumer Partners Acquires Joe Hudson’s Collision Centers

August 22, 2019 By CollisionWeek Editor

Private equity firm acquires 110 store collision repair chain. TSG Consumer Partners (TSG), a private equity firm focused exclusively on the branded consumer sector, today announced that it has signed an agreement to acquire a majority stake in Joe Hudson’s Collision Centers (JHCC) from Carousel Capital. Carousel Capital and JHCC management will continue as minority […]

Filed Under: News Tagged With: Acquisitions, Alabama, Florida, Georgia, Joe Hudson's Collision Center, Kentucky, Mississippi, North Carolina, Private Equity, Tennessee, Texas, TSG Consumer Partners, Virginia

Genstar Capital Acquires Majority Stake in OEConnection

August 2, 2019 By CollisionWeek Editor

OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were […]

Filed Under: News Tagged With: Acquisitions, Ford Motor Company, General Motors, Genstar Capital, OEConnection, Private Equity, Providence Equity Partners

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