Announced
Completed
Financials
Tags
Majority
Merger
Single Bidder
Friendly
e-commerce platform
Private
E-commerce
United States
Domestic
Venture Capital
Private Equity
Completed
Synopsis
Cohen-backed Insurance Acquisition, a publicly traded special purpose acquisition company, completed the merger with Shift Technologies, an e-commerce car selling platform in a $380m deal. "Shift's mission is to make car purchase and ownership simple. Merging with Insurance Acquisition is the next step in our evolution and will enhance our ability to scale our operations as we continue to deliver one of the industry's broadest selections of used cars via our powerful technology platform," George Arison, Shift Co-CEO.
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