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New Deal


Announced

Completed

Wrench completed the acquisition of the mobile vehicle repair network from YourMechanic.

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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various car services

Acquisition

Single Bidder

Auto Services

Private

United States

Domestic

Completed

Majority

Friendly

Synopsis

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Wrench, a mobile vehicle services and technology marketplace, completed the acquisition of the mobile vehicle repair network from YourMechanic, a provider of car repairing services. Financial terms were not disclosed. "This is a significant milestone for Wrench as it adds more automotive experts to our marketplace and enables us to expand on our ability to deliver the flexibility and trustworthy service that today's vehicle owner expects. By welcoming the YourMechanic ecosystem to Wrench, we are expanding what was already the largest mobile vehicle service network in existence. This network of highly skilled technicians gives our customers the comfort in knowing they can schedule the service they need, when and where they need it," Ed Petersen, Wrench CEO.

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