Cox Automotive - M&A Summary and Business Overview

MarketingCompany

Cox Automotive M&A Summary

Cox Automotive has acquired 12 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

Cox Automotive’s largest acquisition to date was in 2015, when it acquired Dealertrack Technologies for $4.0B. It’s largest disclosed sale occurred in 2023, when it sold Manheim Canada to Openlane for $95M. Cox Automotive has acquired in 9 different US states, and 3 countries. The Company’s most targeted sectors include automotive (34%) and business services (34%).

Cox Automotive Business Overview

Where is Cox Automotive headquartered?

Cox Automotive is headquartered in Atlanta, Georgia.

How many employees does Cox Automotive have?

Cox Automotive has 3,300 employees.

What sector is Cox Automotive in?

Cox Automotive is a marketing company.

When was Cox Automotive founded?

Cox Automotive was founded in 1997.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity11
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 3

Cox Automotive

Cox Automotive, Inc.

3003 Summit Boulevard, Suite 200,
Atlanta, Georgia 30319
United States,
(404) 568-8000
www.coxautoinc.com

Cox Automotive is a provider of vehicle remarketing services and digital marketing and software solutions for consumers, dealers, manufacturers and the overall automotive industry.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 6 - 2 2 1 - 11
vol $4.0B $4.0B
Sell (0.4/yr) # 1 - - - 1 1 3
vol $95M $95M
  14

Most Recent M&A

Company Date Value Type
Cox Automotive - Express Recoveries Business 2024-01-16 - Divestiture
Atlanta, Georgia
Manheim Canada 2023-12-04 95M USD Divestiture
Milton, Ontario · www.manheim.ca
FleetNet America, Inc. 2023-02-28 - Add-on Acquisition
Cherryville, North Carolina · www.fleetnetamerica.com
Trudell Holdings, Inc. 2022-07-21 - Add-on Acquisition
Green Bay, Wisconsin · www.trudellholdings.com
MobiCare 2022-02-07 - Add-on Acquisition
Jacksonville, Florida · www.mobicare.net
Spiers New Technologies, Inc. 2021-09-01 - Add-on Acquisition
Oklahoma City, Oklahoma · www.spiersnewtechnologies.com
Dickinson Fleet Services LLC 2021-01-05 - Add-on Acquisition
Indianapolis, Indiana · www.dickinsonfleet.com
Intersection Technologies, Inc. 2018-10-01 - Add-on Acquisition
Grapevine, Texas · www.fandiexpress.com
Molinari srl 2016-04-13 - Stake Purchase
Gossolengo, Italy · www.molicar.com
Molicar Publicações Automotivas Ltda. 2016-04-13 - Stake Purchase
Santana de Parnaiba, Brazil · www.molicar.com.br
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Dealertrack Technologies, Inc. 2015-06-16 Dealertrack - Inventory+ 2015-08-20 1
Lake Success, New York · www.dealertrack.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 4 (33%) - 1 (33%) 95M (100%)
Business Services 4 (33%) - 2 (67%) -
Software 2 (17%) 4.0B (100%) - -
Information Technology 1 (8%) - - -
Metals/Mining 1 (8%) - - -
Total 12 $4.0B 3 $95M

By Geo

State/Country Buy Value Sell Value
United States 10 4.0B 2 -
  Minnesota 2 - 1 -
  Wisconsin 1 - - -
  Texas 1 - - -
  Oklahoma 1 - - -
  North Carolina 1 - - -
  New York 1 4.0B - -
  Indiana 1 - - -
  Florida 1 - - -
  California 1 - - -
  Georgia - - 1 -
Brazil 1 - - -
Canada - - 1 95M
  Ontario - - 1 95M
Italy 1 - - -
Domestic 10 (83%) 4.0B (100%) 2 (67%) -
Cross-border 2 (17%) - 1 (33%) 95M (100%)
Total 12 $4.0B 3 $95M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
BDT & MSD Partners
 1
Legal Deals
Wachtell, Lipton, Rosen & Katz
 1

Deal Values

buy # Total
> $1B 1 $4.0B
TOTAL $4.0B
Largest Dealertrack Technologies, Inc.
$4.0B (2015-06-16)
sell # Total
< $100M 1 $95M
TOTAL $95M
Largest Manheim Canada
$95M (2023-12-04)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Marketing

Employees

3,300

Established

1997

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