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 […]
1Collision Adds Collision Repair Centers to Network in Minnesota, Illinois, Enters Massachusetts and Tennessee Markets
The 1Collision Network announced it has added its first East Coast location, Colonial Collision in Worcester Mass., owned by Joe O’Connell. Colonial has rebranded as 1Collision Worcester. O’Connell commented, “I’m excited to implement the 1Collision Marketing Program geared to consumers, insurers, and OE’s; one of a number of programs I will be implementing. “ 1Collision […]
Pro Spot Opens Training Facility in Nashville
Pro Spot announced that due to a growing demand for training and education, it is opening a new training center in Goodlettsville, Tenn. about 15 miles north of Nashville to better serve southern markets. The Goodlettsville facility provides hands-on training with MIG welding, spot welding, riveting, plastic repair, dent pulling for aluminum and steel, dust-free […]
Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee
MAPFRE Insurance, that announced in December it will cease operating in five states to focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a unit of Liberty Mutual. MAPFRE has agreed to provide Safeco the opportunity to underwrite its personal lines policies […]
Maaco Adds Second Location in Memphis, Tennessee
Maaco Collision Repair and Auto Painting announced the opening of a new franchise, at 6397 Summergale Dr., Memphis, Tenn. The facility is owned by Monica Serratos. The facility is open Monday through Friday from 8 a.m. to 5 p.m. and Saturday from 9 a.m. to 1 p.m. Maaco Auto Painting & Collision Repair is a […]