The transaction was structured without assuming operational liabilities and certain assets were transferred free-and-clear from all liens, claims and encumbrances.
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Survey finds only 1 in 4 shops that list destructive weld testing on their estimates are actually paid for it on a regular basis, down from 37 percent.
More than 95% of textured plastic parts are replaced, many with only minor scratches or repairable damage, and many are becoming higher-value components.
WrenchWay’s co-founders and employees will join the ASE team and will help ASE fully realize its charter to support the transportation industry.
"For consumers holding out for the traditional summer selldown events, the reality of this market is going to be a tough pill to swallow,” says Edmunds.
"In the last decade, trust was lost by a company that prioritized financial engineering over all else," says PGI CEO Anan Bishara. "Our philosophy is different."
Dealers, distributors, independent garages, auto parts stores and others weigh in on the medium- and heavy-duty commercial vehicle market.
