Hot Start for Auto Retail Vendor M&A Activity in the First Quarter

Hot Start for Auto Retail Vendor M&A Activity in the First Quarter

February 26, 2018 — We’re still not through February but there have been 14 investments, acquisitions and mergers already this year with vendors in the automotive retail space, up from two in the first quarter of last year. Seven of the deals have been in the online transaction space where investments have continued a frenzied…

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Cars.com Acquires Dealer Inspire

Cars.com Acquires Dealer Inspire

February 14, 2018 — Cars.com announced this morning it is acquiring the Chicago-based automotive retail technology firm Dealer Inspire and its digital advertising agency Launch Digital Marketing (LDM). The acquisition, which is expected to close this month, is the first for Cars.com since it became a stand-alone company after completing its public spinoff from media…

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TBR 2017 Automotive Retail Vendor M&A Year End Report

TBR 2017 Automotive Retail Vendor M&A Year End Report

Februrary 9, 2018 —  Welcome to our fourth annual TBR Automotive Retail Vendor M&A Report. Our M&A reports on vendor acquisition and investment activity are published quarterly along with an annual year-end report. The reports provide insight and analysis of each acquisition, investment and IPO from the previous year including an outlook for the upcoming…

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Uber and Fair Enter Into Strategic Partnership

Uber and Fair Enter Into Strategic Partnership

January 30, 2018 — Fair announced this morning a strategic partnership with Uber along with the acquisition of the lease portfolio of the ride-hailing firm’s XChange Leasing program. As part of the agreement, Fair will become Uber’s exclusive U.S.leasing partner for drivers leasing vehicles for a month or longer. Financial terms of the acquisition were… Continue Reading

Potential Buyers Identified as CDK Sales Process Enters Second Round

Potential Buyers Identified as CDK Sales Process Enters Second Round

January 15, 2018 — For the second time in the last week, CDK Global shares have spiked to record highs due to rumors of a potential sale. Fueling the most recent spike was chatter last week (later confirmed to TBR by sources familiar with the process) that at least three groups are submitting second round…

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Cliff Banks - The Banks Report

CallRevu Names Serent Capital as New Investment Partner

November 16, 2017 — CallRevu, a dealership call management software firm founded by Chip King and David Boice in 2010, will announce later today that it has entered into an investment relationship with Serent Capital. As part of the investment in CallRevu, Serent is acquiring the interest held by marketing agency Team Velocity, which is… Continue Reading