Global Finishing Solutions (GFS) announced that GSB Industries has joined its automotive and truck refinish distribution team, bolstering GFS’ ability to provide extraordinary service to body shops and collision repair centers in Georgia and Tennessee. Founded in 2006, GSB Industries will supply, install and service a variety of automotive repair equipment. GSB Industries is the […]
Toyota Announces $90 million Investment in Two U.S. Plants to Further Expand Electric Vehicle Production
Toyota announced an additional $90 million investment for two of its U.S. manufacturing facilities. Toyota West Virginia (TMMWV) will receive $73 million. This investment comes on the heels of the $240 million investment announced last November and will increase hybrid transaxle production capacity to 600,000 units per year. With this funding, TMMWV will also begin […]
All Star Auto Lights Expands into Wheel Replacement with Acquisitions in Tennessee and Indiana
Acquisition provides an extension into related remanufactured and aftermarket parts replacement product offerings. All Star Auto Lights, a portfolio company of Atlantic Street Capital, announced its expansion into the remanufactured and aftermarket wheel category with the acquisitions of Jante Wheel and Perfection Wheel. The company also announced that Rob Barkley was named vice president of […]
Boyd Group Acquires Collision Repair Center in Nashville
The Boyd Group Inc. announced the acquisition of a collision repair center in Nashville, Tennessee. The new Gerber Collision & Glass location previously operated as Whaley Body Shop and has been part of the community for over 60 years and at the current location since 1982. Nicknamed “Music City, USA,” Nashville is the capital and […]
TSG Consumer Partners Acquires Joe Hudson’s Collision Centers
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 […]
Copart Expands Memphis Location
Copart, Inc. (NASDAQ:CPRT) announced the expansion of its Memphis, Tenn. location. Copart added 35 acres to the existing 46-acre facility to meet the needs of its buyers and sellers. This 81-acre location hosts vehicle auctions every Thursday at 12 p.m. CT. “Adding operational space to our Memphis location has provided us with further capacity to […]
LexisNexis Settles Multistate Lawsuit over Resale of Vehicle Accident Reports
LexisNexis Risk Solutions and several of its affiliates have agreed to settle a $5.8 million multistate lawsuit over claims that the company knowingly failed to pay contractually agreed fees for the resale of vehicle accident reports it obtained from law enforcement agencies in Massachusetts and other states. Massachusetts will receive approximately $750,000 as part of […]
Mitsubishi Announces it will Relocate U.S. Headquarters to Tennessee
West coast parts distribution center also moving to new California location. Mitsubishi Motors North America, Inc. (MMNA) announced it will relocate its headquarters from Cypress, Calif., to Franklin, Tenn., a suburb of Nashville. The move is part of an ongoing plan to reinvent every aspect of Mitsubishi Motors in the U.S. Since 1988, MMNA has […]
Caliber Collision Acquires Price’s Collision Centers in Tennessee
FOCUS Investment Banking announced that Price’s Collision Centers of Nashville, Tenn. has been acquired by Caliber Holdings Corporation of Lewisville, Texas. FOCUS represented Price’s Collision Centers in this transaction. Operating 10 centers in central Tennessee and Kentucky, Price’s has served the region for more than 30 years. The transaction was led by FOCUS Managing Directors, […]
Abra Acquires Two Collision Repair Centers in Tennessee
Multiple shop operator now has 400 locations in 28 states. Abra Auto Body Repair of America announced the acquisition of two new repair centers in Seymour and west Knoxville, Tenn. that brings Abra’s national footprint to 400 centers in 28 states. The acquisition of Walker’s Collision Repair, represented by Kingsmoor Advisors, closed last Friday. Established […]