Openlane M&A Summary
Openlane has acquired 18 companies, including 4 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.
Openlane’s largest acquisition to date was in 2021, when it acquired CarWave for $450M. It’s largest disclosed sale occurred in 2022, when it sold ADESA to Carvana Co. for $2.2B. Openlane has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include internet software and services (36%) and software (24%).
M&A Summary
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M&A Total Activity19
- M&A Buy Activity17
- M&A Sell Activity2
- Total Sectors Invested 6
- Total Countries Invested 4
- M&A Buy/Sell Connections 7
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