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You are here: Home / Archives for Private Equity

MPE Partners Invests in Garmat USA

June 27, 2019 By CollisionWeek Editor

Garmat logo

Private equity firm MPE Partners announced today an investment in Garmat USA, LLC. Located in Englewood, Colo., Garmat USA designs and manufactures paint booths, finishing solutions, and related accessories for the collision repair and industrial end markets. Garmat, founded in 1988, serves collision repair shop customers through a nationwide network of distributor partners. Based in […]

Filed Under: News Tagged With: Acquisitions, Colorado, Garmat, MPE Partners, Private Equity

Canadian Business Growth Fund Invests CDN$15 Million in BC-based Lift Auto Group

October 5, 2018 By CollisionWeek Editor

Lift Auto Group logo

First Investment by fund will enable Kelowna-based collision repair shop operator to execute on acquisition strategy. The Canadian Business Growth Fund (CBGF) announced October 2 that it has invested CDN$15 million ($11.6 million) in the Lift Auto Group. The deal is CBGF’s first investment as part of its mandate to provide long-term, patient, minority capital […]

Filed Under: News Tagged With: British Columbia, Canada, Canadian Business Growth Fund, Lift Auto Group, Private Equity

Stone Point Capital Acquires Stake in Mitchell International

April 26, 2018 By CollisionWeek Editor

KKR and Elliott sell stake in collision repair and insurance technology provider Mitchell International, Inc. KKR, and Elliott Management today announced that private equity firm Stone Point Capital LLC  are making an investment in Mitchell and acquiring the equity position held by KKR and Elliott Management. Financial terms of the transaction were not disclosed. The […]

Filed Under: News Tagged With: Acquisitions, KKR, Mitchell International, Private Equity, Stone Point Capital

Australia’s AMA Group Added 14 Collision Repair Centers in First Half

March 2, 2018 By CollisionWeek Editor

Revenue Up 27.4 percent in first six month of fiscal year to December 31. Costs of Blackstone Private Equity due diligence over AU$900,000 Australia’s AMA Group Ltd. (ASX:AMA) reported its results for the first six months of its Fiscal year that ended December 31, 2017. The firm reported revenue of AU$228.356 million ($176.9 million) for […]

Filed Under: News Tagged With: Acquisitions, AMA Group, Australia, Blackstone Group, Earnings, Private Equity

Private Equity Firm Combines JN Phillips Auto Glass and TechnaGlass to Form TruRoad Holdings

March 1, 2018 By CollisionWeek Editor

CenterOak Partners LLC, a Dallas, Texas based private equity firm, announced the formation of TruRoad Holdings, Inc. through its investment in JN Phillips Auto Glass and subsequent combination with Techna Glass, Inc. According to the company together, the new firm is the second largest automotive glass and claims-management company in the United States. CenterOak’s investment […]

Filed Under: News Tagged With: Acquisitions, JN Phillips Auto Glass, Private Equity, TechnaGlass, TruRoad Holdings

Fenix Parts Acquired by Stellex Capital Management

February 28, 2018 By CollisionWeek Editor

Private equity firm will pay over $8 million in cash for shares and assume $40 million in liabilities. Fenix Parts, Inc. (Pink Sheets:FENX), the auto recycler, today announced that it has entered into a merger agreement with the private equity firm Stellex Capital Management LP. Under the agreement, a Stellex-controlled affiliate will acquire the company […]

Filed Under: News Tagged With: Acquisitions, Fenix Parts, Private Equity, Stellex Capital Management

Clayton, Dubilier & Rice Acquire 40% Stake in Belron

November 21, 2017 By CollisionWeek Editor

Belron logo

D’Ieteren, the automotive company and parent of Belron, and Clayton, Dubilier & Rice (CD&R), the global private investment firm, announced Sunday that they have entered into exclusive discussions under which CD&R-managed funds would acquire a 40 percent ownership interest in the Belron group, the global vehicle glass repair and replacement company and parent of Safelite […]

Filed Under: News Tagged With: Acquisitions, Belron, Private Equity, Safelite

Mitchell Artificial Intelligence Partner Tractable Secures $8 Million Investment

June 20, 2017 By CollisionWeek Editor

Tractable logo

Tractable, a deep learning company specializing in computer vision, announced an $8 million Series A investment led by Ignition Partners, an enterprise tech-focused venture firm with offices in Silicon Valley and Seattle. Other investors include Zetta Venture Partners, a venture capital firm focused on artificial intelligence, as well as insurance industry leaders such as Andy […]

Filed Under: News Tagged With: Artificial Intelligence, Claims Technology, Mitchell International, Private Equity, Tractable

CCC Acquired by Advent International

February 28, 2017 By CollisionWeek Editor

Private equity firm acquires insurance and collision repair industry software provider. CCC Information Services Inc., the software and service provider to the automotive, insurance, and collision repair industries, announced today that Advent International, a global investment firm with deep experience in the technology sector, will purchase equity assets from CCC’s previous owners Leonard Green & Partners […]

Filed Under: News Tagged With: Acquisitions, Advent International, CCC, Leonard, Private Equity, TPG Capital

Service King Reportedly Up for Sale

February 15, 2017 By CollisionWeek Editor

Private equity firms rumored to be considering exiting their position in collision repair facility operator. Service King Collision Repair Centers may be up for sale according to an article published Monday by Bloomberg. Founded in 1976 by Eddie Lennox in Texas, the collision repair chain now operates 309 locations in 23 states. According to unnamed […]

Filed Under: News Tagged With: Blackstone Group, Carlyle Group, Private Equity, Service King Collision Repair Centers

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