M&A Deal Summary

KAR Global Acquires LiveBlock Auctions International

On June 26, 2008, KAR Global acquired software company LiveBlock Auctions International

Acquisition Highlights
  • This is KAR Global’s 1st transaction in the Software sector.
  • This is KAR Global’s 1st transaction in Canada.
  • This is KAR Global’s 1st transaction in Saskatchewan.

M&A Deal Summary

Date 2008-06-26
Target LiveBlock Auctions International
Sector Software
Buyer(s) KAR Global
Deal Type Add-on Acquisition

Target

LiveBlock Auctions International

Regina,, Saskatchewan, Canada
website
LiveBlock Auctions International Inc. develops and markets online auction software for a live and static platform.

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Buyer(S) 1

Buyer

KAR Global

Carmel, Indiana, United States

website


Category Company
Founded 2006
Sector Business Services
Employees3,960
Revenue 1.5B USD (2022)
DESCRIPTION

KAR Global provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing, logistics, and other ancillary and related services. Its integrated physical, online and mobile marketplaces reduce risk, improve transparency, and streamline transactions for customers in more than 80 countries. KAR Global was formed in 2006 and is headquartered in Carmel, Indiana.


DEAL STATS #
Overall 3 of 16
Sector (Software) 1 of 4
Type (Add-on Acquisition) 2 of 13
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 2
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-26 Dent Demon

Matthews,, North Carolina, United States

Dent Demon, engages in paintless dent removal (PDR) services for automobiles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-03 The Premier Auction - Six Used Vehicle Auctions

United States

The Premier Auction Group comprises auto auction centers and offers auction services.

Buy -