Collision

TPG Agrees to Acquire Classic Collision

Retrieved on: 
Wednesday, April 3, 2024
Professional Services, Automotive, General Automotive, Other Automotive, Finance, Asset Management, BofA Securities, Culture, Partnership, Calibration, ADAS, Acquisition, TPG Inc., DeBevoise, Classic, Martha Plimpton, Investment, Kirkland & Ellis, Collision, Management

TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator.

Key Points: 
  • TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator.
  • TPG Capital, the U.S. and European private equity platform of TPG, will acquire the business from New Mountain Capital.
  • “Today’s announcement is an exciting milestone for Classic Collision and a great testament to the strength of our team and our collective commitment to providing the highest quality service with integrity,” said Toan Nguyen, CEO of Classic Collision.
  • With longstanding industry relationships and numerous manufacturer certifications, Classic Collision is broadly recognized as a trusted partner in comprehensive collision repair.

United States Alternative Adult Beverages Market Report Explores Emerging Adult Beverage Sectors and Innovative Brands - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024
Retail, Wine & Spirits, HARD, RTD, Drink, Growth, White Claw Hard Seltzer, Coronavirus, Research, Collision, CBD, Wine, Hard seltzer, Alcoholism, Maharajkumar of Vizianagram, THC, Hard, Liquor

The "2023 Alternative Adult Beverages in the U.S." report from Beverage Marketing has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "2023 Alternative Adult Beverages in the U.S." report from Beverage Marketing has been added to ResearchAndMarkets.com's offering.
  • The Alternative Adult Beverages in the U.S. report examines the burgeoning adult beverage types expanding the adult beverage horizon beyond the standard beer, wine and distilled spirits categories.
  • This market report includes data as well as discussion of innovation and the consumer need states and attitudes driving it.
  • The report discusses a broad range of entrepreneurial brands in various emerging sectors and sub-sectors and quantifies key sectors and brands.

Setting the Standard: Opus IVS Delivers Unprecedented Diagnostic Support with Giotto Release 22.1

Retrieved on: 
Thursday, March 28, 2024
Opus, VW, EV, Volvo, 2,5-Dimethoxy-4-isopropylamphetamine, GM, Farstream, Calibration, ADAS, OBD, FCA, BlueLink Information Network, Land Rover, Kia, OEM, Eddie Stobart Group, Hyundai, Collision, Automotive industry

DEXTER, Mich., March 28, 2024 /PRNewswire/ -- Opus IVS™, the global leader in diagnostics, ADAS calibration, programming, and on-demand remote expert support; today proudly announces the launch of Giotto software's latest iteration - release 22.1, has been seamlessly integrated into the DriveSafe and DrivePro products.

Key Points: 
  • Furthermore, Opus IVS introduces enhanced EV coverage for GM trucks and Hyundai while adding DoIP support across the vehicle coverage.
  • Opus IVS continues to lead the way in innovation, empowering repair technicians with state-of-the-art technology that drives the industry forward.
  • Discover the importance of the Giotto release 22.1 today and unlock a world of possibilities for safe, complex vehicle repair.
  • Opus IVS offers remote technical support connecting shops with 100+ brand-specific Dealer Master Technicians for trouble code interpretation, OEM service procedures, and diagnostics.

Opus IVS Launches "Collision is Hard" Podcast to Empower Collision Industry Professionals

Retrieved on: 
Monday, March 18, 2024
Opus, Growth, Learning, Farstream, ADAS, OBD, BlueLink Information Network, OEM, Eddie Stobart Group, Collision

This innovative podcast series is designed to address the pressing challenges faced by collision industry professionals, with a focus on career advancement, operational efficiency, and profitability in collision shops.

Key Points: 
  • This innovative podcast series is designed to address the pressing challenges faced by collision industry professionals, with a focus on career advancement, operational efficiency, and profitability in collision shops.
  • "This podcast represents a significant step forward in our commitment to supporting the collision industry," said Brian Herron, CEO of Opus IVS.
  • 'Collision is Hard' is more than just a podcast; it's a platform for growth, learning, and community building within the industry."
  • Join Opus IVS as they delve into the complexities of the collision industry, offering guidance, inspiration, and support to professionals at all levels.

Latest Mitchell Data Shows Continued Increase in Electric Vehicle Collision Claims

Retrieved on: 
Thursday, March 7, 2024
EVS, SAN, Collision, EV, ADAS, ICE, P&C, Property, Car, Insurance, Fireworks

SAN DIEGO, March 7, 2024 /PRNewswire/ -- Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, today announced the publication of its latest trends report: Plugged-In: EV Collision Insights. This issue provides a year-over-year analysis of EV claims volume, which increased in 2023 by more than 40% in the U.S. and Canada.

Key Points: 
  • SAN DIEGO, March 7, 2024 /PRNewswire/ -- Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, today announced the publication of its latest trends report: Plugged-In: EV Collision Insights .
  • This issue provides a year-over-year analysis of EV claims volume, which increased in 2023 by more than 40% in the U.S. and Canada.
  • "2023 was a record year for electric vehicles," said Ryan Mandell, Mitchell's director of claims performance.
  • The publication also details the top North American regions and vehicle models associated with EV collision claims in 2023.

Classic Collision Licenses Mitchell Cloud Estimating for Use at All Locations

Retrieved on: 
Thursday, February 29, 2024
Cloud, SAN, Property, OEM, Mitchell Red Cloud Jr., Paintless dent repair, Collision, P&C, Research, PDR, Insurance, Mobile phone

SAN DIEGO and ATLANTA, Feb. 29, 2024 /PRNewswire/ -- Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, and Classic Collision, LLC, one of the top four largest MSOs in the nation, today announced that they have signed a multi-year agreement. The enterprise licensing agreement gives all current and future Classic Collision locations access to Mitchell Cloud Estimating with Integrated Repair Procedures as well as the company's Paintless Dent Repair (PDR) calculator.

Key Points: 
  • The enterprise licensing agreement gives all current and future Classic Collision locations access to Mitchell Cloud Estimating with Integrated Repair Procedures as well as the company's Paintless Dent Repair (PDR) calculator.
  • A Mitchell customer since 2013, Classic Collision already has nearly 100 repair facilities using Mitchell Cloud Estimating.
  • Released in 2017, Mitchell Cloud Estimating allows repairers to write comprehensive appraisals of collision-damaged passenger, commercial and specialty vehicles.
  • Classic Collision is the second U.S. multi-site operator to sign an enterprise license agreement for Mitchell Cloud Estimating.

DRIVEN BRANDS 96 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Driven Brands Holdings Inc. - DRVN

Retrieved on: 
Saturday, February 17, 2024
Class Action Lawsuit, Professional Services, Legal, Car wash, Court, DRVN, KSF, News, Driven, District court, Collision, Special warfare combatant-craft crewmen, Paint

This action is pending in the United States District Court for the Western District of North Carolina.

Key Points: 
  • This action is pending in the United States District Court for the Western District of North Carolina.
  • Driven Brands and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
  • The case is Genesee County Employees' Retirement System v. Driven Brands Holdings Inc., 23-cv-00895.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.

Toronto welcomed nearly 9M visitors in 2023, still below 2019

Retrieved on: 
Monday, January 22, 2024
Family, Business intelligence, Culture, Cardiothoracic surgery, Friends, Travel, Conference, Congress, Restaurant, Tourism, Collision, NHL, Growth

Before the pandemic, Toronto welcomed 9.56 million visitors in 2019 with $6.7 billion in visitor spending and over $10 billion in economic impact.

Key Points: 
  • Before the pandemic, Toronto welcomed 9.56 million visitors in 2019 with $6.7 billion in visitor spending and over $10 billion in economic impact.
  • "Toronto has always benefited from a diversified visitor economy with strong visitation coming from within Canada as well as from the U.S. and overseas markets," said Andrew Weir, Executive Vice President, Destination Toronto.
  • In 2023 major meetings brought 290,000 visitors to Toronto, however both the number of meetings and total attendees remain below pre-pandemic levels, as 2019 saw 444,000 attendees in the city.
  • Toronto residents recognize the key role of Toronto's visitor economy, with 89 per cent saying that the tourism industry is important to Toronto's economy.

DRIVEN BRANDS SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Driven Brands Holdings Inc. - DRVN

Retrieved on: 
Sunday, December 24, 2023
Class Action Lawsuit, Professional Services, Legal, Collision, KSF, Special warfare combatant-craft crewmen, Car wash, Court, News, Paint, DRVN, Driven, District court

This action is pending in the United States District Court for the Western District of North Carolina.

Key Points: 
  • This action is pending in the United States District Court for the Western District of North Carolina.
  • If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 20, 2024.
  • Driven Brands and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.

BlackBerry to Showcase Innovative Automotive Solutions Powered by the BlackBerry IVY Connected Vehicle Data Platform at CES 2024

Retrieved on: 
Monday, December 18, 2023
Intellia Therapeutics, BMW, NYSE, CES, Senior, BlackBerry, QNX, Ecosystem, Next, Qualcomm, Booth, BlackBerry Limited, Mitsubishi Electric, Crash, Collision, IVY, TSX, MIH, Satellite navigation device

WATERLOO, ON, Dec. 18, 2023 /PRNewswire/ --  At CES 2024, BlackBerry Limited (NYSE: BB; TSX: BB) will be showcasing the breadth and power of its BlackBerry IVY® connected vehicle data platform through in-vehicle and virtualized demos with a range of ecosystem partners. The BlackBerry IVY platform enables developers across industries to design and deploy insights-enabled automotive services more quickly, leveraging in-vehicle AI-enabled processing and a developer-friendly platform. This ease of development has led to a growing diversity of solutions developed on the BlackBerry IVY platform, giving automakers new opportunities to quickly enable additional services to differentiate and potentially monetize the connected car.

Key Points: 
  • The BlackBerry IVY platform enables developers across industries to design and deploy insights-enabled automotive services more quickly, leveraging in-vehicle AI-enabled processing and a developer-friendly platform.
  • This ease of development has led to a growing diversity of solutions developed on the BlackBerry IVY platform, giving automakers new opportunities to quickly enable additional services to differentiate and potentially monetize the connected car.
  • This year's IVY™ showcase at CES will feature a wide array of mobility applications; IVY powered in-vehicle AI demonstrations will include:
    COMPREDICT hardware sensor replacement solutions, utilizing virtual sensors to create cost savings and monetize vehicle health insights.
  • Live demos of other BlackBerry IVY powered applications will also be showcased in the West Hall at CES with Mitsubishi Electric (#3151), MIH (#7216), and Intellias (#7075).