Tag Archives: acquisition

SCP acquires Alloy wheel repair specialists

Soundcore Capital Partners, a control-oriented, New York-based private equity firm that invests in lower middle market businesses, today announced that it has completed the acquisition of Alloy Wheel Repair Specialists, the world’s largest full-service alloy wheel repair and replacement company. This marks the first platform investment since the firms launch in April, 2015. Terms of the private transaction were not disclosed. […]

Solera sale to move forward

Solera has said that regulators have given early clearance for the insurance software provider to be taken over by private-equity firm Vista Equity Partners. The companies announced the agreement in September, saying it was valued at $6.5 billion, including net debt. The closing of the deal is still pending a vote of Solera stockholders, among other conditions. Solera provides software […]

AXA acquire Global Insurance Management

Multinational insurance firm AXA has acquired Coventry based insurance expertise provider Global Insurance Management. AXA has previously underwritten the risk for Global Insurance Management, however this acquisition will mean an entire takeover of the company. AXA Assistance Europe regional chief executive, Bruno Jantet said, ‘Global brings a wealth of complementary skills and competences, as well as wide ranging expertise. This […]

Mitsui Sumitomo to buy Amlin for £3.7m

Japanense firm Mitsui Sumitomo Insurance Co. has agreed to buy UK insurance company Amlin PLC for £3.47 billion ($5.3 billion), in the latest consolidation of the global insurance market. The companies said Amlin shareholders would receive 670 pence a share in cash, a 36% premium over its closing price Monday, as well as a previously announced 8.4 pence-a-share dividend. The deal is the latest example […]

Snap-on Acquires Ecotechnics

Snap-on Incorporated, a leading global manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, announced that it acquired the assets of Ecotechnics for approximately $13.0 million in cash. Based in Sesto Fiorentino, Italy, Ecotechnics, with 2014 sales of approximately €12.4 million, designs and manufactures automatic vehicle air conditioning maintenance equipment for […]

Service King acquires Cathedral City Collision

Service King Collision Repair Centers, a multi-state operator of collision repair centers and one of the fastest-growing collision repair companies in the US, announced continued expansion in the southern California market after reaching an agreement to acquire Cathedral City Collision. Service King and Cathedral City Collision, mutually agreed upon terms of the deal and officially closed the acquisition July 31. […]

JCC – the questions and answers

Following this morning’s announcement of the acquisition of JCC by Nationwide, we caught up with JCC to find out more: What are the details of the transaction? The boards of directors of JCC and Nationwide have today announced that they have reached agreement on the terms of a recommended cash offer whereby the entire issued and to be issued share […]

Nationwide acquires JCC

Nationwide Accident Repair Services (NARS) and Just Car Clinics Group (JCC) announced today that they have agreed terms for Nationwide to acquire JCC for a cash consideration which values JCC at approximately £13.77m. The offer remains conditional on the approval of shareholders of JCC and is expected to close in September 2015. For Nationwide, the addition of JCC’s bodyshops is […]

Horiba acquire UK group Mira

A Japanese industrial group has swooped on Mira, the British automotive company that is a pivotal player in the future of driverless cars. Horiba announced on Tuesday that it had acquired the former Motor Industry Research Association for an undisclosed sum. Mira began life in 1945 as a government-funded test track operator and the Nuneaton-based company now operates one of […]

Solera acquire 100% of Identifix

Solera acquire 100% of Identifix Solera today announced it has entered into a definitive agreement to acquire 100% ownership of Identifix, an industry leading data-driven software company within the $8 billion vehicle service, maintenance and repair (SMR) total addressable market. Identifix builds proprietary databases, proven workflow solutions and expert crowd-sourced experiences that help mechanical repair shops and auto dealers increase their efficiency, […]

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