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A large fire destroyed a decades-old family-run auto repair shop and disrupted the flow of water in Meaford Thursday night.Article content
Black smoke from the blaze at Johnny B’s Automotive and Car Care was seen as far away as Owen Sound and The Blue Mountains as neighbors reported hearing explosions and being overwhelmed by fumes and heat.Article content
No injuries were reported as of Friday morning.
The city issued a news release early Friday morning asking residents to connect to the municipal water system to avoid municipal drinking the water and to limit consumption as much…
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Car repair prices are rising much faster than overall inflation. Here’s why.
When Pat Clynes pushed down the gas pedal on his Ford Explorer during a drive in Houston, Texas, in July 2022, an otherwise routine day became the start of what he later described as a nightmare.
The car failed to accelerate like it usually does, triggering immediate concern that something was wrong, Clynes said.
Since he thought the car was under warranty, Clynes brought it to a Ford dealership, where an employee later told Clynes it would cost nearly $1,400 just to identify the problem.
Weeks later, the dealership identified the problem as engine failure and said it would cost…
Steer Automotive attracts European investors as Keyhaven exits
Private equity firm Keyhaven Capital Partners has agreed to sell its equity stake in independent collision repair group Steer Automotive to pan-European private equity investor Oakley Capital.
The bodyshop group’s founder Richard Steer and the current management team will continue to lead the business and are reinvesting alongside Oakley. As part of the transaction, Oakley will acquire the shares held by Keyhaven Capital Partners and Chiltern Capital.
Since Capital’s and Keyhaven’s investments in 2021, Steer completed 18 acquisitions to create a network of over 100 repair centers across the country. The group has expanded from its core passenger car repair…