Auto Warranties Links

Weblogs


Blog Features




Cottman and Aamco to Merge

Cottman, Aamco to merge chains

auto warrantiesAamco and Cottman are set to merge their respective chains to form one of the largest automotive repair chains in America.

The combined company, to operate under the Aamco name, will be 83 percent owned by American Capital Strategies Ltd. of Bethesda, Md., a publicly traded investment company. American Capital acquired Cottman for $46 million in 2004.

The new Aamco will continue to provide transmission repair and expanded automotive services. Cottman centers will switch to the Aamco name.The combined company, to be based in Horsham, Pa., will employ more than 6,000 people and have annual sales of about $600 million.

At one time, Cottman and Aamco were one entity but it the 1950s they split. Hopefully, it’ll be a good reunion.

See Also

Posted on Thursday, March 9th, 2006 at 6:03 am In Auto Warranty  


1-800-419-3499
Fax 1-800-615-0366
E-mail: info@autowarranties.com