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New Deal


Announced

Completed

DealerSocket completed the acquisition of Auto/Mate.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

dealer management systems

United States

Single Bidder

Software

Acquisition

Majority

Friendly

Private

Synopsis

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DealerSocket, a provider of automotive software solutions, completed its acquisition of Auto/Mate, a provider of dealer management systems for automotive dealerships. Financial terms were not disclosed. "The combination of DealerSocket and Auto/Mate gives dealers a long-awaited and much-needed alternative for an integrated, connected platform of mission-critical software for dealerships. Auto/Mate has built a reputation as a transformative, fast-growing DMS with an unmatched commitment to customer service. As we look at our combined company, there are tremendous opportunities for innovation, while we maintain our strong focus on support. I am excited about this acquisition and what it represents for us, dealers, and the broader market,” Sejal Pietrzak, DealerSocket CEO and President.

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