Service King Acquires D&D Collision and Callaway’s Collision Specialists
Service King Collision Repair Centers – a Richardson, Texas-based operator of collision repair facilities in the Dallas-Ft. Worth Metroplex and Houston markets – has acquired D&D Collision and Callaway’s Collision Specialists, the leading collision repair service provider in Houston, Texas, with three large-scale, high-volume locations. Terms of the agreement were not disclosed. The addition
SEC Charges Five Individuals With Insider Trading in Liberty Mutual Purchase of Safeco
The Securities and Exchange Commission recently charged five individuals who were involved in separate insider trading schemes that were detected through surveillance of unusual trades preceding the merger announcement between Liberty Mutual Insurance Company and Safeco Corporation. The SEC alleges that those five individuals, including a former investment banker at Goldman Sachs & Co., illegally
PartsChannel Acquires Tiger Auto Body Parts in Las Vegas
PartsChannel, Inc. has acquired Tiger Auto Body Parts, Inc., a Las Vegas-based collision replacement parts distributor. Terms of the transaction were not disclosed. “The acquisition enables PartsChannel to leverage its existing distribution network in Los Angeles. We look forward to taking advantage of the opportunities available to the company in the Las Vegas metropolitan region,”
ABRA Auto Body & Glass Acquires Colorado Repair Center
Minneapolis-based ABRA Auto Body & Glass has acquired a repair center in Loveland, Colo. The facility, formerly known as Loveland Auto Body, is located at 1805 Topaz Drive, and brings the total number of ABRA repair centers to 96 in 11 states. ABRA has named Steve Scheideler as general manager of ABRA-Loveland. Scheideler joined ABRA
Earl Scheib To Be Acquired By Private Equity Fund
Earl Scheib Inc. has entered into a definitive merger agreement pursuant to be acquired by Kelly Capital, LLC, a San Diego-based private equity fund, for $2 per share in cash in a transaction valued at $8 million. The acquisition price reflects a 567 percent premium over the last closing price of Earl Scheib’s common stock
Two Shops Expand Despite Tough Economy
A restoration shop and a car dealership are both investing in collision repair shops to boost their businesses. When a Pottstown, Pa., Chevy dealership and its accompanying body shop went up for sale last year, Wheels in Motion restoration shop owner Mike Yannessa saw the body shop as an opportunity he couldn’t pass up. The
Car-Part.com Says Service Keeps Improving
Car-Part.com, a management system and online service for auto parts recyclers, has announced several improvements to its services on the heels of the fifth anniversary of its acquisition of the Checkmate management system. Car-Part says it recently formed a Checkmate features group, built Checkmate add-on products that simplify recyclers’ workflow, enhanced interchange, grown Checkmate to
Solera Holdings, Inc. Acquires Inpart Servicos Ltda.
Solera Holdings, Inc., has completed the acquisition of Inpart Servicos Ltda. (Inpart), a leading electronic exchange for the purchase and sale of vehicle replacement parts in Brazil. Inpart has developed an extensive network of parts suppliers as well as a customer list that includes some of Brazil’s leading insurance companies and collision repair facilities. "We
Get Ready to Tune Up
By the time you read this, we’ll be smack-dab in the middle of Industry Week in Las Vegas. The NACE, SEMA and AAPEX shows are certainly the spectacles of our industry, and Vegas provides an excellent destination for grand-scale gatherings such as these. The great thing is that there’s something for everyone at these events,
LKQ Corporation Acquires Goody’s Truck Parts Business
LKQ Corporation has acquired the assets of Goody’s Truck Parts, Inc., a heavy duty truck recycled parts business based in Toledo, Ohio. "The acquisition of a heavy duty truck recycled parts operation in Toledo, Ohio, adds a key distribution point to LKQ’s growing network of heavy duty truck recycled parts locations," stated Joe Holsten, president