TrueCar - M&A Summary and Business Overview

Internet Software And ServicesCompany

TrueCar M&A Summary

TrueCar has acquired 3 companies, including 1 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2020, when it sold ALG to J.D. Power and Associates for $135M. TrueCar has acquired in 2 different US states. The Company’s most targeted sectors include business services (34%) and internet software and services (34%).

TrueCar Business Overview

Where is TrueCar headquartered?

TrueCar is headquartered in Santa Monica, California.

What is TrueCar’s revenue?

TrueCar disclosed revenue of 159M USD for 2023 and 162M USD for 2022.

How many employees does TrueCar have?

TrueCar has 324 employees.

What sector is TrueCar in?

TrueCar is an internet software and services company.

When was TrueCar founded?

TrueCar was founded in 2005.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

TrueCar

TrueCar, Inc.

225 Santa Monica Blvd, 12th Floor,
Santa Monica, California 90401
United States,
(800) 200-2000
www.truecar.com

TrueCar is an information and technology platform that enables its users to communicate with TrueCar Certified Dealers for a hassle-free car-buying experience. TrueCar was formed in 2005 and is based in Santa Monica, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - 1 - - 3
Sell (0.2/yr) # - 1 - - - - 1
vol $135M $135M
  4

Most Recent M&A

Company Date Value Type
Digital Motors Corp. 2022-06-06 - Add-on Acquisition
Irvine, California · www.digitalmotors.com
ALG, Inc. 2020-08-06 135M USD Divestiture
Santa Barbara, California · www.alg.com
DealerScience LLC 2018-12-07 - Add-on Acquisition
Boston, Massachusetts · www.dealerscience.com
ALG, Inc. 2011-08-22 - Divestiture
Santa Barbara, California · www.alg.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 1 (33%) - 1 (100%) 135M (100%)
Internet Software and Services 1 (33%) - - -
Software 1 (33%) - - -
Total 3 - 1 $135M

By Geo

State/Country Buy Value Sell Value
United States 3 - 1 135M
  California 2 - 1 135M
  Massachusetts 1 - - -
Total 3 - 1 $135M

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Legal Deals
Cooley
1

Deal Values

sell # Total
$100M to $1B 1 $135M
TOTAL $135M
Largest ALG, Inc.
$135M (2020-08-06)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

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