CDK Completes Acquisition of Red Bumper, NewCar IQ

CDK Completes Acquisition of Red Bumper, NewCar IQ

February 25, 2016 — CDK Global made it official yesterday announcing it has acquired the product portfolios of NewCar IQ and Red Bumper from Pearl Technology Holdings  LLC. NewCar IQ is a new vehicle inventory management system while Red Bumper helps dealers manage their used vehicle inventories. CDK will combine the two products to create a solution…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

Reynolds and Reynolds Acquires ReverseRisk

February 23, 2016 — Reynolds and Reynolds will announce today that it has acquired ReverseRisk, a web-based analytics reporting platform for automotive dealers. It will become part of Reynold’s Retail Management System. Additionally, NCM Associates’s agreement to resell the platform under the NCM axcessa name will continue following the acquisition. David Spisak, co-founder and president of… Continue Reading

Cliff Banks - The Banks Report

TBR 2015 Auto Retail Vendor Acquisition Report

January 14, 2016 — Vendor acquisition activity in 2015 was brisk with 30 transactions getting across the finish line. But even though the number of acquisitions doubled what the industry saw in 2014, the total dollar figure was significantly less in 2015. More than $30 billion in equity changed hands in 2014 as several deals…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

HGGC Acquires Third Automotive Firm

November 30, 2015 — The Banks Report has learned that private investment firm HGGC has just completed an acquisition of a third company in the automotive retail industry. The announcement should come in the next couple of days. HGGC, owned by Steve Young, a former NFL quarterback who was elected to the Hall of Fame, currently manages…

This content is for subscribers only.
Log In Subscribe
J.D. Power on the Market  – Who are the Potential Buyers?

J.D. Power on the Market – Who are the Potential Buyers?

November 2, 2015 — It’s been 10 years since the McGraw-Hill Companies acquired J.D. Power and Associates for nearly $400 million. Now, according to media reports late last week, McGraw-Hill is exploring strategic alternatives for the market research firm and could command as much as $1 billion for a sale. J.D. Power generates about $265 million in…

This content is for subscribers only.
Log In Subscribe
Cliff Banks - The Banks Report

PureCars Sold to Raycom Media

October 29, 2015 — The vendor acquisitions keep coming as PureCars announced earlier this week it has been acquired by Raycom Media. It’s an intriguing acquisition for Raycom, an employee-owned broadcast company that owns 51 television stations in 38 markets reaching more than 13% of U.S. TV watching homes. PureCars is a digital automotive advertising… Continue Reading

Cliff Banks - The Banks Report

Reynolds and Reynolds Acquires Vehicle Titling Product

October 10, 2015 — The Banks Report has learned Reynolds and Reynolds has acquired the Assurant Specialty Property’s Title Administration Services. This latest acquisition isn’t going to generate a lot of headlines or rate high on the sexy deal meter, but it adds a critical piece to the Reynolds portfolio of services which includes document management… Continue Reading

Cliff Banks - The Banks Report

Cox Completes Dealertrack Acquisition

October 1, 2015 — After four extensions and other delays resulting from stipulations from the Department of Justice, Cox Automotive completed the $4 billion acquisition of Dealertrack this morning. Cox is paying $63.25 per share of Dealertrack common stock which ceases trading today on the NASDAQ Global Market. It is the biggest vendor acquisition in the… Continue Reading