CES 2017 Automotive Wrap Up

CES 2017 Automotive Wrap Up

The autonomous and connected vehicle news coming out of the CES show this week in Las Vegas was fast and furious. The show’s automotive exhibit has become perhaps, the most important auto show in the country. In fact, CES’ growing popularity has forced both Los Angeles and Detroit to incorporate a mobility-related focus into their…

This content is for subscribers only.
Log In Subscribe
TBR 2016 Annual Auto Retail Vendor M&A Report

TBR 2016 Annual Auto Retail Vendor M&A Report

January 2, 2017 — M&A activity among automotive retail vendors for the year ended quietly with only four deals completed in the fourth quarter. Nevertheless, the 31 acquisitions and investments in 2016 surpassed the 30 in 2015. The four deals in the fourth quarter include (more information about the following deals are included in the…

This content is for subscribers only.
Log In Subscribe
Tonkin Dealer Group to be Sold

Tonkin Dealer Group to be Sold

UPDATED: December 13, 2016 — The Banks Report has learned that the Ron Tonkin Family of Dealerships is selling to the Gee Automotive Companies in Spokane, WA, confirming rumors the last several months that a sale was in process. An announcement is expected sometime in the next few days. Meanwhile, the deal is expected to close sometime… Continue Reading

Vendor M&A Activity Quiet — Except for JMI Equity

Vendor M&A Activity Quiet — Except for JMI Equity

Except for a couple of investments from JMI Equity, M&A activity in the automotive retail vendor space has been silent in the fourth quarter. With three weeks left to go in the year, there have been 27 investments or acquisitions among vendors to date. (For more analysis on investment and acquisitions in the automotive retail…

This content is for subscribers only.
Log In Subscribe
Connected Car Over the Air Updates Not a Sure Thing

Connected Car Over the Air Updates Not a Sure Thing

November 28, 2016 — Is a potential battle looming between automakers and tech firms with the government over security issues with over-the-air updates made possible by connected car technology? Billions of dollars are at stake for automakers, technology firms and even dealers, but comments from various government officials over the last several months indicate OTAs… Continue Reading

TBR 2016 3rd Quarter Report on Dealership Buy-Sell Activity

TBR 2016 3rd Quarter Report on Dealership Buy-Sell Activity

Dealership buy-sell activity rebounded in September and October following a slow second quarter and should remain brisk for the foreseeable future. With 17 fewer transactions through the end of the third quarter, the 2016 pace is slightly off what was a record year in 2015, according to data compiled for TBR’s 2016 Third Quarter Dealership Buy-Sell Report. (Subscribers…

This content is for subscribers only.
Log In Subscribe
TBR’s 2016 3rd Quarter Automotive Retail Vendor M&A Update

TBR’s 2016 3rd Quarter Automotive Retail Vendor M&A Update

October 25, 2016 – Automotive retail vendor merger and acquisition activity slowed slightly in the third quarter with only nine deals and investments announced bringing the total for the year to 25, according data compiled by The Banks Report. The third quarter review provides TBR’s outlook for the fourth quarter along with a recap of all…

This content is for subscribers only.
Log In Subscribe
Reynolds and Reynolds’ Quiet Acquisition Strategy

Reynolds and Reynolds’ Quiet Acquisition Strategy

October 16, 2016 —  With eight acquisitions over the last 13 months along with one significant investment that closed in late September, Reynolds and Reynolds quietly has been one of the more active buyers among automotive retail vendors. On the surface, the strategy appears a bit disjointed and is even taking Reynolds outside the confines of the…

This content is for subscribers only.
Log In Subscribe
NY-Based P/E Firm Executes Roll Up Strategy

NY-Based P/E Firm Executes Roll Up Strategy

September 8, 2016 — CIP Capital, a New York-based private equity company new to the automotive retail space, is putting together a unique strategy acquiring four companies and combining them to create Affinitiv Inc. a new technology marketing firm. While other companies have executed roll up strategies in the past (Cox Automotive, DealerTrack, Dealersocket and HGGC are a few…

This content is for subscribers only.
Log In Subscribe