Transportation & Logistics Industry Update
Harris Williams Deal Spotlight
Joe Hudson’s Collision Centers
Harris Williams advises Joe Hudson’s Collision Centers (JHCC), a portfolio company of Carousel Capital (Carousel), on its sale to TSG Consumer Partners, LLC (TSG). JHCC is a leading platform in the collision repair industry, operating approximately 110 state-of-the-art auto body repair shops across the Southeastern region of the United States. Carousel, JHCC's owner since 2014, will remain a minority investor in the company.
What We’re Reading
Americans Would Rather Drive Themselves to Work Than Have an Autonomous Vehicle Drive Them, Study Says
"Researchers at the University of Washington studied how Americans’ perceived cost of commute time changes depending on who’s driving. The team found that people considered a ride-hailing service at least 13% “less expensive,” in terms of time, compared to driving themselves. If the researchers told people the ride-hailing service was driverless, however, then the cost of travel time increased to 15% more than driving a personal car, suggesting that people would rather drive themselves than have an autonomous vehicle drive them."
"The U.S. automotive aftermarket reached total sales of $297 billion in 2018, exceeding the projected growth rate by nearly $1 billion... The 2019 Joint Channel Forecast Model predicts that the total aftermarket sales will grow from $297 billion in 2018 to $338 billion through 2022... More vehicles on the road with an average age of nearly 12 years old - and the 12-year-and-older category now representing 44% of total light vehicles and growing at 4% annually - equals good business for the aftermarket.”
The Internet of Things (IoT) is rapidly changing how we live. This is particularly true of the automobile industry, which is where some of the biggest innovations are being developed and implemented. So with that in mind, here are five of the biggest ways the IoT is transforming the automotive industry and our roads... it will change the way people drive, it can improve road safety, it can help solve traffic congestion in cities, it can help reduce pollution and energy expenditure, and it will lead to better roads.
Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.
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