Announced
Completed
Financials
Tags
United States
Single Bidder
Friendly
automotive finance
Domestic
Acquisition
Consumer Lending
Private
Majority
Completed
Synopsis
Vroom, an online automotive retailer, completed the acquisition of United Auto Credit, a company which provides automotive finance, for $300m. "Building out a captive finance business that allows us to service customers across the credit spectrum is an integral part of our commitment to providing an end-to-end ecommerce solution to our customers and creates significant potential for both enhancing aggregate gross profit and improving customer satisfaction," Paul Hennessy, Vroom CEO.
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