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Asbury Automotive Group Completes Park Place Dealerships Acquisition

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Asbury Automotive Group, Inc. (NYSE: ABG) has completed the previously announced acquisition of Park Place Dealerships adding approximately $1.7 billion in annual revenues. The operating assets to be acquired include 12 new vehicle franchises, all of which are located in the Dallas/Fort Worth market: 3 Mercedes-Benz, 3 Sprinter, 2 Lexus, 1 Jaguar, 1 Land Rover, […]

On the Road Garage Opens Collision Repair Center in Irving, Texas

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Announces apprenticeships and online training opportunities. On the Road Garage, part of On the Road Companies, a family of non-profits and businesses building prosperity for America’s workers, announced the opening of its first collision repair center in Irving, Texas. The garage is part of an economic mobility and workforce development initiative that addresses transportation challenges […]

Veterans in Texas Can Now Be Reimbursed for Insurance Exam Fees

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Veterans who passed any Texas insurance exam since early 2019 can now get reimbursed for the fee and military spouses licensed out-of-state will have fees waived. “We’re grateful to Veterans Affairs for approving our request,” said Insurance Commissioner Kent Sullivan. “This is a small way to honor those who have served our country, and we’re […]

Texas Auto Body Trade Show Cancelled

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In an email, the Auto Body Association of Texas (ABAT) announced it has cancelled the 2020 Texas Auto Body Trade Show that was scheduled for Sept 18-19 in Irving, Texas. The association plans to resume the event next September. Jill Tuggle, executive director of ABAT explained in the email, “We have been closely monitoring the […]

Asbury Automotive Group Acquires Park Place Dealerships Including Two Collision Repair Centers

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Asbury Automotive Group, Inc. (NYSE:ABG) announced the acquisition of Park Place Dealerships, one of the country’s largest luxury dealer groups for $685 million of goodwill and approximately $50 million for parts, fixed assets, and leaseholds, excluding vehicle inventory. The operating assets to be acquired include 12 new vehicle franchises, all of which are located in […]

IAA Announces Five Branch Relocations and Expansions

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IAA, Inc. (NYSE:IAA) announced branch relocations and expansions in five key markets in California, Texas, New Jersey, Virginia, and South Dakota. The five locations now provide significantly more inventory storage in addition to updated branch facilities.  “We strive to ensure that our extensive facility footprint is consistently meeting the needs of our buying and selling […]

CarParts.com Opening Texas Distribution Center

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U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) announced it would open a new 210,000 square foot distribution center in Grand Prairie, Texas. The distribution center, slated to begin operations in late 2020, will create a minimum of 150 new jobs and $10 million in economic impact in its first 18 months alone. When operational, the […]

NICB Reports Texas Continues to Take the Top Spot for Hail Claims

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The National Insurance Crime Bureau (NICB) today, released a three-year analysis of insurance claims associated with hail storms in the United States. The report is based on a review of claims data from ISO ClaimSearch during the period of January 1, 2017 through December 31, 2019, totaling 2,769,362 hail loss claims.   The top five states […]

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