Stephen Applebaum’s Post

We all know of the “Big Five” consolidators: Caliber Collision, Gerber Collision/Boyd Group, Crash Champions, Classic Collision, and Joe Hudson's. They have the largest collision repair footprints and appetite for adding more. Collectively, the Big Five added around 278 shops last year, claiming half of the industry's M&A deals. The strategy here is to dominate the key markets and capture more insurer volume. We explore the Big Five as well as the Accelerating Consolidators’ acquisition activities in our 2023 Year in Review. You can dive deeper into the industry’s consolidation wave by reading the full article here: https://rb.gy/qtkeco

Despite being a common feature in vehicle acquisitions, warranties represent a valuable avenue for both substantial cost reductions and essential preventive maintenance direction. This article does a great job of pointing out key features of warranties and extended warranties: https://buff.ly/3IYXrKz The word on the street is Fleet Street USA makes a fleet manager’s job easier, faster, and more profitable by selling their used vehicles for the highest price possible. Let’s create a custom program for you! Call 1(800) 539-2277 to get started. #FleetRemarketing #Remarketing #FleetManagers #FleetVehicle #Fleet #FleetStreet #FleetManagement

Despite being a common feature in vehicle acquisitions, warranties represent a valuable avenue for both substantial cost reductions and essential preventive maintenance direction. This article does a great job of pointing out key features of warranties and extended warranties: https://buff.ly/3IYXrKz The word on the street is Fleet Street USA makes a fleet manager’s job easier, faster, and more profitable by selling their used vehicles for the highest price possible. Let’s create a custom program for you! Call 1(800) 539-2277 to get started. #FleetRemarketing #Remarketing #FleetManagers #FleetVehicle #Fleet #FleetStreet #FleetManagement

The Auto Parts 4 Less Group, operator of AutoParts4Less.com and LiftKits4Less.com, has announced debt standstill agreements with certain noteholders. According to management, its financial restructuring initiative has effectively secured the lock-up of all convertible debt, totaling roughly $15 million, into preferred share structures, common stock with a two-year lock-up or standstill agreements. The standstill agreements, effective until the end of 2024, include the following major noteholders: AJB Capital Investments LLC, Bigger Capital Fund LP, District 2 Capital Fund LP, Cove Fund LP, and Cavalry Fund LP. “These critical developments mark a significant step in our strategic journey, positioning Auto Parts 4 Less Group Inc. to attract an anchor investor, further driving value for our shareholders and our customers,” said CEO Christopher Davenport, MBA. “We are committed to leveraging these milestones to drive value for our shareholders and our customers.” #aftermarket #autoparts #autocare

HOT OFF THE PRESS; as revealed by Automotive Management (AM) , Car Dealer Magazine and Motor Trader Magazine this morning… Reacting to an influx of vehicles in recent weeks has seen G3 move swiftly to ensure their customers’ needs are supported by investing in an additional 4 acres of secure vehicle storage close to their Castleford headquarters, increasing their footprint in the region by 29%. Rob Argyle, Chief Financial Officer at G3, commented; “One of the principal benefits of being a truly independent business is we can be agile when it comes to reacting to the market. Therefore, in response to a bumper start to G3 with both stock levels and new vendors, we have invested in further land to continue offering a marketplace that services our customers’ needs with the ‘best in class’ values we always strive to deliver”. With more cars than ever on offer at G3 every week, use the newly launched website to search, track and bid here >> https://lnkd.in/gttRTGq #pressrelease #growingbusiness #carauction

💸  Rimmer Bros, a Lincoln-based restorer and supplier of replacement automotive parts, has secured investment from US private equity firm Radial Equity Partners in a deal that enables the company’s founders to retire. 👉 The company was founded in 1982 by Bill and Graham Rimmer (pictured below), who decided to bring the firm to market in order to retire. The investment from Radial Equity Partners will make the company the fourth vehicle aftermarket business in the private equity firm’s portfolio and enables Rimmer Bros to expand into the US and Europe. -- Link to the full story and quote to follow below 👇 -- Business Sale Report is your number one UK M&A marketplace. #investment #privateequity #automotiveparts  #bsr #deal

As an independent dealer, do you find yourself juggling numerous priorities and challenges? This Tire Dealer Survival Guide, sponsored by American First Finance, offers tips from five industry experts about everything from business acquisitions to time management. You will learn how to establish clear expectations from your employees, leverage text messages to boost communication and marketing, and learn how to handle mergers and acquisitions, to help you be prepared for a successful business transition. So, if you’re looking for a one-stop shop to answer your questions on how to improve your organization, this is it. Find your success as an independent tire dealer and read your way into a better future for your business. https://lnkd.in/gAyNfMH9 #moderntiredealer #tires #tireindustry #tiredealersurvivalguide

Unlock the power of insight in your business acquisitions! At Collision Builders we believe knowledge is key. Our dedicated team ensures you're the first to know about prime auto collision repair shops hitting the market. We go beyond, conducting thorough due diligence, and delivering the financial details you need for a confident decision. Let's navigate the path to your next business success together! #BusinessAcquisition #InsiderKnowledge #CollisionBuilders

Thrilled to join a panel of M&A experts on Nasdaq TradeTalks!  - https://lnkd.in/eTmHs_XX. While rising interest rates are throwing some curveballs, there's still action in the market. Here are two key trends I shared: - Strategic Acquisitions: Companies are looking to build their tech edge through strategic acquisitions. This presents exciting opportunities for innovative startups. - Public Company Power: Public companies with strong stock prices and cash reserves are using them to acquire key assets. Thanks to Jill Malandrino for the great moderation and questions! -#M&A #STSCapital #NASDAQ

𝐓𝐡𝐞 𝐃𝐞𝐚𝐥 𝐓𝐡𝐚𝐭 𝐂𝐡𝐚𝐧𝐠𝐞𝐝 𝐓𝐡𝐞 𝐖𝐨𝐫𝐥𝐝: 𝐊𝐊𝐑/𝐍𝐚𝐛𝐢𝐬𝐜𝐨 Greed, Glamour, and the Making of an '80s Wall Street Legend. It's early 1988 in Midtown Manhattan, cherry trees start to blossom in Central Park, unfar where and Ross Johnson, CEO of RJR Nabisco, is having a working lunch with Peter Cohen, investment banker, to discuss making changes at RJR Nabisco. While lunching, Ross floats the idea to not only be the top manager of the firm but to fully align work and profits, to have "skin in the game" for the performance of the RJR Nabisco. Ross needs Peter's advice because Peter represents a powerful investment bank - Shearson Lehman Hutton - which would structure the deal, find lenders and financiers, and have a legal team to seal the deal, a Leveraged Buyout, the largest in history. Read on by clicking on the link below: https://lnkd.in/dZ5K59Zd #argoadvisory #kkr #Deal #privateequity #markets #VC