Buy-Sell Activity to Plummet

Buy-Sell Activity to Plummet

March 19, 2020 — Earlier this week, the Asbury Automotive Group (ABG) filed an 8-K document with the SEC informing investors it “intends to continue to evaluate alternatives,” regarding its pending acquisition of 10 dealerships from the Park Place group in Texas. The announcement is not a surprise given what the entire country — and…

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Dealership Buy-Sell Report 2019

Dealership Buy-Sell Report 2019

March 9, 2020 — The number of franchise new-vehicle dealerships involved in buy-sell transactions declined 6.7% in 2019 from 2018. The number of transactions dropped 11.1% over the same period. Despite the decline, 2019 was the third most active year — in the number of rooftops and the number of transactions — over the last…

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2020 Auto Retail Vendor M&A Outlook — Fast & Furious Start With Surprises

2020 Auto Retail Vendor M&A Outlook — Fast & Furious Start With Surprises

February 3, 2020 — A month into the new year and there have been seven investments and acquisitions announced with at least one more expected in the next several days in the auto retail vendor space. The January activity continues the pace set in 2019 in which more than 70 acquisitions and investments were transacted.…

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DealerSocket’s Pending Purchase of Auto/Mate Gives Window into Vista Equity’s Automotive Strategy

DealerSocket’s Pending Purchase of Auto/Mate Gives Window into Vista Equity’s Automotive Strategy

January 8, 2020 — Vista Equity Partners-backed DealerSocket announced this week it has agreed to acquire dealer management software vendor Auto/Mate. The deal (which as of yet, does not have a timeline) provides insight into Vista’s automotive plans, but there are questions still to be answered. Vista Equity is one of the bigger investors in…

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New Era Taking Shape in Auto Retail Vendor M&A Activity

New Era Taking Shape in Auto Retail Vendor M&A Activity

November 1, 2019 — Pivotal. That’s probably the best word to describe vendor mergers and acquisitions and investments among automotive retail vendors in 2019. Aggressive roll-up plays, new directions, and evolving industries forming now will reshape the industry over the next five years. In TBR’s Third Quarter Report on Auto Retail Vendor Merger and Acquisition…

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General Motors Announces New Dealership Website Vendors – Why It’s a Big Deal

General Motors Announces New Dealership Website Vendors – Why It’s a Big Deal

September 16, 2019 — CDK Global’s 15-year run as being the exclusive vendor for General Motors’ dealership websites came to an official end last week as the automaker announced an additional three providers to its website program. The move likely will reshape the dealership website landscape over the next couple of years. The new vendors…

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Thoma Bravo Putting Together an Automotive Data Giant

Thoma Bravo Putting Together an Automotive Data Giant

July 31, 2019 — Thoma Bravo emerged yesterday as the winning bidder for J.D. Power and Associates. It’s the private equity firm’s second automotive-data play since late April when it acquired Autodata Solutions from KKR. Bravo also owns Trader Corp., the leading automotive retail digital company in Canada (it acquired the Montreal-based digital marketing firm…

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Not the First Choice, but Miller is the Right Choice for AutoNation

Not the First Choice, but Miller is the Right Choice for AutoNation

July 23, 2019 — Late yesterday afternoon, AutoNation announced long-time CFO and vice president Cheryl Miller as its new CEO and president. She’s replacing Carl Liebert. On the surface, the change was a shock. Liebert had only assumed the top job at the nation’s top-selling dealer group in March after a months-long search that reportedly…

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Cars.com Sale Likely Close, Here’s a Rundown of Possible Buyers

Cars.com Sale Likely Close, Here’s a Rundown of Possible Buyers

March 10, 2019 — An announcement regarding who Cars.com’s new owner will be could be made as early as this week. The company is an attractive play for numerous players — both from a strategic and an investment perspective. Cars announced in January the board had voted at the end of September to retain J.P.…

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