.
MergerLinks Header Logo

New Deal


Announced

Completed

Cortec Group-backed Enthusiast Auto Holdings completed the acquisition of EVANNEX.

Financials

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

Tags

Edit

Auto Parts

Domestic

Private

Majority

Friendly

Private Equity

Single Bidder

Tesla accessories

United States

Acquisition

Completed

Synopsis

Edit

Cortec Group-backed Enthusiast Auto Holdings, an automobile e-commerce platform, completed the acquisition of EVANNEX, a retailer of Tesla accessories and after-market parts. Financial terms were not disclosed. "EVANNEX has an outstanding reputation within the EV community, and their knowledge of Tesla accessories and the emerging EV market is unparalleled. EAH will bring expertise in digital marketing, operations, research & development, and technology to support the vision of EVANNEX's team as they continue to grow their business," Imran Jooma, EAH CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US