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New Deal


Announced

Completed

Cortec Group completed the acquisition of Enthusiast Auto Holdings from Bertram.

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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Acquisition

Private Equity

E-commerce

Majority

Completed

e-commerce

United States

automotive industry

Private

Friendly

Single Bidder

Domestic

Synopsis

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Cortec Group, a private equity firm, completed the acquisition of Enthusiast Auto Holdings, a platform that invests in and helps operate brands in the automotive performance industry, from Bertram. Financial terms were not disclosed. "Bertram's vision and operational support, particularly with its Bertram Labs team, helped us transform EAH. Their patience and unwavering commitment to the business have put us in a position to expand our enthusiast scope and continue our rapid growth over the years to come," Imran Jooma, EAH CEO.

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