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Announced

Completed

AutoNation completed the acquisition of CIG Financial.

Financials

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

Sources

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Tags

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Acquisition

Private

Majority

Domestic

Automobiles

Friendly

auto finance

United States

Single Bidder

Completed

Synopsis

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AutoNation, an automotive retailer, completed the acquisition of CIG Financial, an auto finance company. Financial terms were not disclosed. “The acquisition of CIG Financial aligns with AutoNation’s strategic business model and singular focus on personalized mobility solutions that are easy, transparent and customer-centric. This acquisition will further extend AutoNation’s relationship with its customers beyond the buying experience and throughout the vehicle ownership life cycle,” AutoNation.

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