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New Deal


Announced

Completed

AshMark and Wholesale Express management completed the acquisition of Wholesale Express.

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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Domestic

Completed

pre-owned vehicles

United States

Auto Services

Acquisition

Majority

Private

Friendly

Single Bidder

Mbo

Synopsis

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AshMark, a financial structuring and management advisory company, and Wholesale Express management completed the acquisition of Wholesale Express, a distributor of pre-owned vehicles. Financial terms were not disclosed. "We are excited to partner with CIBC, HighCrest, Management and the Board to expand the footprint of Wholesale Express and bring this amazing platform to the broader Canadian market. The company is now well capitalized and with this augmented Management team and Board, we have high expectations for 2024," Mark Pavan, AshMark CEO.

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