News Articles for AMA Group

Motor repair giant AMA Group has pursued another legal action against its former CEO, Perth-based entrepreneur Andrew Hopkins.

ASX-listed automotive panel and repair shop conglomerate, AMA Group, has locked in improved pricing with key insurers, effective from July after concluding service agreement negotiations with all key players. The renegotiated prices are expected to result in meaningful growth across the company's Australasian network of panel repair workshops that already look set to benefit from a lack of public transport use during COVID-19.

Automotive conglomerate, AMA Group, has locked in its first fleet customer in SG Fleet who manages a 140,000 strong fleet of vehicles. The deal with the fleet management, vehicle leasing and salary packaging firm should add 4000 new repair jobs a year to AMA's network of panel and mechanical repair workshops across Australia and New Zealand.

Rapidly expanding ASX-listed automotive conglomerate, AMA Group, has negotiated revised terms with Insurer Suncorp, for its Capital SMART panel repair business, with the new terms to include increases in average repair pricing and increases in volumes. AMA said the new agreement with Suncorp recognises the additional costs associated with repairing modern vehicles safely, including the increasing costs of new technologies such as Advanced Driver-Assistance Systems.

The AMA Group has acquired New Zealand's Fully Equipped Group that will complement its existing automotive component accessory division. The Fully Equipped Group manufactures and distributes automotive spare parts and accessories, predominantly for the off-road and utility market. Fully Equipped is based in Hamilton, NZ and has distribution centres on both the north and south islands. The company said it expects the acquisition to be EPS accretive by FY20.

AMA Group remains on track to produce some serious cash flows during the next couple of years on the back of its strategic acquisition strategy which includes its recent $440 million purchase of the Capital S.M.A.R.T panel repair business and ACM Parts. The company expects its three recent acquisitions, Smash Care, Diplocks and All Transport (trucks) to bolster its EBITDA line by $2.5m.

ASX-listed, heavyweight automotive conglomerate, AMA Group, has completed a multi-million dollar, transformational acquisition of Insurance giant, Suncorp's Capital S.M.A.R.T panel business, at an implied enterprise value of $420m. It has also purchased Suncorp's complimentary ACM Parts business for $20m. The deal has propelled AMA into the exclusive ranks of billion-dollar market capped companies and comes gift wrapped with a 25-year service agreement with Suncorp.

National automotive services business AMA Group has struck a $68 million deal with new investors, which includes a big share selldown by management, after Perth-based Andrew Hopkins became the company's chief executive.

Perth investor Andrew Hopkins' planned $508 million buyout of national panel beating business AMA Group has been cancelled after the group failed to get an expected ruling from the Australian Taxation Office.

Perth-based Andrew Hopkins has led a $508 million buyout of national panel beating business AMA Group, with the deal backed by private equity giant Blackstone.

A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

Perth entrepreneur Andrew Hopkins has struck a lucrative deal in the most unlikely of sectors, agreeing to sell his Gemini panel beating business to listed company AMA Group for $100 million.