Safelite Group, Inc. is an American provider of automotive glass repair and replacement services, wholesale automotive glass sales, and insurance claims management, based in Columbus, Ohio. Safelite was sued by the states of California and Illinois for alleged insurance fraud but settled for $31 million.[2]
Company history
Bud Glassman and Art Lankin started Safelite in a junkyard in Wichita, Kansas in 1947.[3]
The company declared bankruptcy in 1997, after which it became owned by its largest creditor, J.P. Morgan & Co.[4] In 2000, Safelite filed for bankruptcy for a second time after facing financial difficulties, including $592 million in debt.[5]
In 2007, Safelite was acquired by U.K. based Belron, which is in turn owned by the