M&A Deal Summary

AutoNation Acquires Snappy Car Rental

On August 1, 1997, AutoNation acquired insurance company Snappy Car Rental from Jacobson Partners

Acquisition Highlights
  • This is AutoNation’s 1st transaction in the Insurance sector.
  • This is AutoNation’s 1st transaction in the United States.
  • This is AutoNation’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 1997-08-01
Target Snappy Car Rental
Sector Insurance
Buyer(s) AutoNation
Sellers(s) Jacobson Partners
Deal Type Add-on Acquisition

Target

Snappy Car Rental

Tulsa, Oklahoma, United States
Snappy Car Rental provided temporary replacement rental cars to insurance company customers whose cars were out of service due to accident or theft.

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Buyer(S) 1

Buyer

AutoNation

Fort Lauderdale, Florida, United States

website

Category Company
Founded 1991
Sector Automotive
Employees21,600
Revenue 20.4B USD (2020)
DESCRIPTION
AutoNation's corporate headquarters in Fort Lauderdale, Florida.
AutoNation's corporate headquarters in Fort Lauderdale, Florida.

AutoNation is an automotive retailer and offers a range of automotive products and services, including new vehicles, used vehicles, parts and services. AutoNation was formed in 1991 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 1 of 14
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 12
State (Oklahoma) 1 of 1
Country (United States) 1 of 14
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-08 Shamrock Ford

Fort Lauderdale, Florida, United States

Shamrock Ford, Inc. is a provider of new and pre-owned vehicles.

Buy -

Seller(S) 1

SELLER

Jacobson Partners

New York, New York, United States

website

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Jacobson Partners is a lower middle-market private equity firm focused on acquiring non-core divestitures and other underperforming mid-sized companies in the US and Canada. Jacobson generally targets opportunities in basic industries such as manufacturing and services. The Firm seeks to invest between $10 and $25 million of equity in transactions valued up to $150 million. Jacobson Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 1 of 6
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Oklahoma) 1 of 1
Country (United States) 1 of 6
Year (1997) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Conforma Clad

New Albany, Indiana, United States

Conforma Clad uses a proprietary process for applying tungsten carbide coatings to metal substrates to substantially improve wear and corrosion resistance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Bertucci s

Northborough, Massachusetts, United States

Bertucci’s operates Italian casual dining restaurants in the Northeast and Mid-Atlantic regions of U.S. Bertucci’s operates 89 full-service, casual-dining restaurants which serve Italian food and gourmet pizza.

Buy -
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