.
MergerLinks Header Logo

Announced

Completed

AutoNation completed the acquisition of RepairSmith for $190m.

Financials

Edit Data
Transaction Value£154m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Domestic

Friendly

United States

Private

Single Bidder

automotive repairs

Auto Services

Acquisition

Completed

Synopsis

Edit

AutoNation, an automotive retailer, completed the acquisition of RepairSmith, a full-service mobile solution for automotive repair and maintenance, for $190m. "Apart from the important outcome of adding over 400 talented and dynamic team members, the acquisition of RepairSmith represents a unique opportunity for us across many aspects of the automotive value chain. We have over 11m Customers with different and diverse After-Sales needs. RepairSmith will add additional Customer-centric and convenient repair and service options for our Customers - further improving our penetration and loyalty." Mike Manley, AutoNation CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US