ZT Corporate Executes Major Liquidity Event for Investors in a Strategic Management Buyout
Exit of successful auto dealership portfolio generated a MOIC of 2.3X-2.4X for investors over a 5 to 8 years of investment period HOUSTON–(BUSINESS WIRE)–ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that it has completed a liquidity event for its investors through a strategic management buyout. The liquidity […]
PACCAR and Platform Science Announce Strategic Equity Investment
BELLEVUE, Wash.–(BUSINESS WIRE)–PACCAR announced today that it has made a minority equity investment in its connected truck partner, Platform Science. This strategic investment complements the partnership recently launched by PACCAR and Platform Science to integrate Platform Science’s Virtual Vehicle technology with the PACCAR Connect telematics system. The integrated product will offer Kenworth and Peterbilt customers […]
SmartRIA® Announces Second Strategic Investment Round from Dynasty Financial Partners and MarketCounsel
Strategic investment round from Dynasty Financial Partners and MarketCounsel Supports SmartRIA’s Expansion into Enterprise Compliance Management and Reaffirms Commitment to Industry Partnerships KNOXVILLE, Tenn.–(BUSINESS WIRE)–#DynastyFinancialPartners–SmartRIA®, the leading compliance management software provider to registered investment advisors (RIAs), is excited to announce a second strategic investment round from Dynasty Financial Partners and MarketCounsel. This new investment underscores […]
VicOne and DFI Expand Partnership to Provide Advanced Embedded Automotive Cybersecurity Solutions for Safely Integrating Connected Cars and Smart Cities
Together, VicOne and DFI make it safer to share data in vehicle-to-everything environments DALLAS & TAIPEI, Taiwan–(BUSINESS WIRE)–VicOne, an automotive cybersecurity solutions provider, announced today it has expanded its partnership with DFI, a global provider of embedded motherboards and industrial computers. This strategic alliance delivers enhanced industry-leading automotive cybersecurity software solutions and services for the […]
Texas Farm Bureau Insurance partners with Arity to launch new insurance program, rewarding safe drivers
Consumers can now save on their insurance with Drive‘n Save from Texas Farm Bureau Insurance, a telematics program that rewards safe driving behavior WACO, Texas & CHICAGO–(BUSINESS WIRE)–Today, Texas Farm Bureau Insurance announces its new insurance program, Drive‘n Save, which was built in partnership with Arity, a mobility data and analytics company. The program offers […]
The Price of Safety: New IIHS report applies public health theory to mobile phone use behind the wheel
Toronto, Ontario — Taking some pages from the books of public health theory, a new report from the IIHS details a holistic, social approach to curbing the deadly consequences of distracted driving. Using what is called the Health Belief Model, one of the co-authors of the IIHS’s latest report, Aimee E. Cox, developed about 60 […]
Tech Training: Guild21 to discuss ADAS and collision repair in webinar next Thursday
Toronto, Ontario — Guild 21 is proud to announce a new webinar set for next Thursday, discussing ADAS opportunities and obligations in the collision repair space. This month’s speaker is John Marlowe, industry engagement officer for Level5Drive Incorporated. A collision repair industry veteran of more than 30 years, he will talk about the challenges and […]
Can You Believe This?! Tires causing tumbles; Darwinism at its finest and much, much more
Toronto, Ontario — Get ready for the weekend with a new Can You Believe This?! video, packed with some questionable DIY work, some ridiculous road rage and a truck tire gone rogue. The automotive world never ceases to entertain.
A Just Adjustment: Sask. labour rates to increase 3 percent on Saturday, SGI says
Regina, Saskatchewan — Saskatchewan Government Insurance (SGI) will be updating compensation rates for all its accredited auto repair partners, increasing the labour rate by 3 percent from $92.68 to $95.46, effective Saturday. This increase will be reflected on all shop profiles on April 1, potentially resulting in system disruptions for repair shops according to SGI. […]
