From Tire Review
MAM Software Group, Inc. has entered into a definitive agreement under which it will be acquired by Kerridge Commercial Systems (KCS) in an all-cash transaction valued at approximately $154.2 million.
Under the terms of the agreement, MAM stockholders will receive $12.12 per share in cash for each common share of MAM, which represents a 14% premium over the closing price on Aug. 30 and a 38% premium over the prior 90-day average of $8.80 per share.
Auto Parts 4 Less announced it has completed the first tranche of funding from RB Capital Partners.
Auto Parts 4 Less announced today it has completed the first tranche of funding from RB Capital Partners, following the successful restructuring of its balance sheet, ahead of its returning to the auto parts industry.
RB Capital, under the leadership of Brett Rosen, has agreed to invest in Auto Parts 4 Less Group Inc. This collaboration is expected to provide the necessary resources for the company to achieve its strategic objectives and continue its growth trajectory, the company said.
The company has acquired Carrollton Complete Automotive, which offers a range of automotive services.
This brings the company’s store count in Alabama to 3 locations.
The latest software includes new coverage, guided component tests and features, plus everything from previous releases for smarter fixes, Snap-on said.
The six locations in the Chicago area will continue to operate under the Suburban Tire Auto Repair Centers’ brand name.
The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.
“The expertise and equipment from Exactra’s many years of experience in the industry are critical to our continued growth,” said Brian Rigney, Dill president.
Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people.
The company also announced Edgar Akopyan will be joining Fenix Parts as the director of business development, Southern California.
