Cox Enterprises - M&A Summary and Business Overview

DiversifiedCompany

Cox Enterprises M&A Summary

Cox Enterprises has acquired 10 companies, including 5 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets.

Cox Enterprises’ largest acquisition to date was in 2024, when it acquired OpenGov for $1.8B. It’s largest disclosed sale occurred in 2020, when it sold InSite Wireless Group to American Tower for $3.5B. Cox Enterprises has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (40%) and publishing (10%).

Cox Enterprises Business Overview

Where is Cox Enterprises headquartered?

Cox Enterprises is headquartered in Atlanta, Georgia.

How many employees does Cox Enterprises have?

Cox Enterprises has 50,000 employees.

What sector is Cox Enterprises in?

Cox Enterprises is a diversified company.

When was Cox Enterprises founded?

Cox Enterprises was founded in 1898.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity9
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 7
  • M&A Advisors 1

Cox Enterprises

Cox Enterprises, Inc.

6205 Peachtree Dunwoody Road,
Atlanta, Georgia 30328
United States,
(678)645-0000
www.coxenterprises.com

Cox Enterprises is a global conglomerate with interests in communications, media, and automotive services. The company operates through its major subsidiaries, including Cox Communications, which is one of the largest broadband and entertainment companies in the United States, providing high-speed internet, digital television, and telephony services. Cox Automotive is another significant division, offering a wide array of automotive services and solutions, including vehicle remarketing, digital marketing, software solutions for automotive dealers, and financial services. Cox Media Group, although its portfolio has evolved over the years, has been involved in broadcasting, publishing, and digital media. Cox Enterprises was founded in 1898 and is headquartered in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 4 1 1 2 - 1 9
vol $525M $1.8B $2.3B
Sell (0.2/yr) # 2 1 - - - - 3
vol $3.5B $3.5B
  12

Most Recent M&A

Company Date Value Type
OpenGov, Inc. 2024-02-27 1.8B USD Add-on Acquisition
San Francisco, California · www.opengov.com
Axios Media, Inc. 2022-08-08 525M USD Add-on Acquisition
Arlington, Virginia · www.axios.com
Mucci International Marketing, Inc. 2022-06-03 - Add-on Acquisition
Kingsville, Ontario · www.muccifarms.com
BrightFarms, Inc. 2021-08-17 - Add-on Acquisition
Irvington, New York · www.brightfarms.com
InSite Wireless Group LLC 2020-11-05 3.5B USD Trade Sale
Alexandria, Virginia · www.insitewireless.com
Cox Media Group, Inc. - Three Ohio Newspapers 2020-02-10 - Divestiture
Atlanta, Georgia
Cox Media Group, Inc. 2019-12-17 - Divestiture
Atlanta, Georgia · www.coxmediagroup.com
Southern Experience LLC (Experience) 2014-09-18 - Add-on Acquisition
Atlanta, Georgia · www.expapp.com
Autotrader, Inc. 2014-01-03 - Trade Sale
Atlanta, Georgia · www.autotrader.com
Autotrader, Inc. 2010-05-05 - Stake Purchase
Atlanta, Georgia · www.autotrader.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Manheim, Inc. 1968-01-01 Synthetik Applied Technologies - Undercarriage Imaging Technology 2023-01-23 3
Atlanta, Georgia · www.manheim.com Austin, Texas
Manheim, Inc. 1968-01-01 Dealer Services Corp. 2012-06-07 2
Atlanta, Georgia · www.manheim.com Carmel, Indiana · www.discoverdsc.com

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 4 (40%) 1.8B (77%) 1 (33%) -
Communications 1 (10%) - 1 (33%) 3.5B (100%)
Media 1 (10%) 525M (23%) 1 (33%) -
Agriculture 1 (10%) - - -
Automotive 1 (10%) - - -
Food 1 (10%) - - -
Publishing 1 (10%) - - -
Total 10 $2.3B 3 $3.5B

By Geo

State/Country Buy Value Sell Value
United States 9 2.3B 3 3.5B
  Georgia 5 - 2 -
  Virginia 2 525M 1 3.5B
  New York 1 - - -
  California 1 1.8B - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 9 (90%) 2.3B (100%) 3 (100%) 3.5B (100%)
Cross-border 1 (10%) - - -
Total 10 $2.3B 3 $3.5B

Top M&A Advisors

Financial Deals
Goldman Sachs
1

Deal Values

buy # Total
> $1B 1 $1.8B
$100M to $1B 1 $525M
TOTAL $2.3B
Largest OpenGov, Inc.
$1.8B (2024-02-27)
sell # Total
> $1B 1 $3.5B
TOTAL $3.5B
Largest InSite Wireless Group LLC
$3.5B (2020-11-05)

M&A Connections

Deals
Acquired from
Investor(s)
30%
3 (30%)
Strategic(s)
20%
2 (20%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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