LKQ Corp. to Acquire NTP Distribution’s Parent

LKQ Corp. announced that it has signed a definitive agreement to acquire Keystone Automotive Operations Inc., parent of NTP Distribution Inc., for $450 million. According to a press release, the transaction is expected to be completed in the first quarter of 2014 and is subject to customary closing conditions and necessary regulatory approvals. Established in 1971, [...]

GM to dump stake in Ally Financial

DETROIT — General Motors announced today it is selling its remaining stake in former lending subsidiary Ally Financial Inc., the Wall Street Journal reported, noting the move could help the U.S. government evaluate options for its own shares in the firm. GM plans to sell its stake through a private placement valued at about $900 ...

LKQ acquires Keystone Automotive for $450 million

CHICAGO — LKQ Corporation announced today that it has signed a definitive agreement to acquire Keystone Automotive Operations, Inc. (“Keystone”), a distributor and marketer of specialty aftermarket equipment and accessories in North America, for $450 million. The transaction is expected to be completed in the first quarter of 2014 and is subject to customary closing ...

Bill Plemmons RV now carries Grand Design units

RURAL HALL, N.C. — Bill Plemmons RV World announced today the dealership has signed an agreement to become Grand Design Recreational Vehicle’s dealer in the Winston-Salem and Raleigh markets. “With the background of the Fenech brothers, we are very encouraged about the product and can’t wait to get selling them,” said Steve Plemmons, CEO of ...

RVIA Strengthening its Campground Connection

Recreation Vehicle Industry Association (RVIA) leadership expressed a growing appreciation for — and desire to work with — the campground industry during the 51st Annual National Trade Show in Louisville, Ky., which concluded Thursday (Dec. 5). “They really are the missing leg of our three-legged stool,” said Matt Wald, RVIA park trailer executive director. “The [...]