KAR Global Mergers and Acquisitions Summary

Business Services Company

KAR Global has acquired 16 companies, including 7 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

KAR Global’s largest acquisition to date was in 2020, when it acquired BacklotCars for $425M. KAR Global has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include internet software and services (34%) and software (27%).

Join Mergr and gain access to KAR Global’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the business services sector.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity15
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 5
  • M&A Advisors 4

KAR Auction Services, Inc. (KAR Global)

11299 N Illinois St.,
Carmel, Indiana 46032
United States,
(800) 923-3725
www.karglobal.com

KAR Global provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing, logistics, and other ancillary and related services. Its integrated physical, online and mobile marketplaces reduce risk, improve transparency, and streamline transactions for customers in more than 80 countries. KAR Global was formed in 2006 and is headquartered in Carmel, Indiana.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 10 1 3 - 1 - 15
vol $43M $103M $425M $571M
Sell (0.2/yr) # - - - 1 - - 1
  16

Most Recent M&A

Company Date Value Type
BacklotCars, Inc. 2020-09-08 425M USD Add-on Acquisition
Kansas City, Kansas · www.backlotcars.com
Insurance Auto Auctions, Inc. 2019-06-28 - Spin Off
Westchester, Illinois · www.iaai.com
Ecadis NV 2018-11-28 103M EUR Add-on Acquisition
Tienen, Belgium · www.carsontheweb.com
Clearplan, Inc. 2018-11-13 - Add-on Acquisition
Sparks, Nevada · www.clearplan.io
STRATIM 2018-02-07 - Add-on Acquisition
San Francisco, California · www.stratim.com
CarCo Technologies, Inc. (dba Drivin) 2017-04-19 43M USD Add-on Acquisition
Chicago, Illinois · www.drivindealer.com
Flint Auto Auction, Inc. 2016-11-15 - Add-on Acquisition
Flint, Michigan · www.flintaa.com
GRS Remarketing Ltd. 2016-06-01 - Divestiture
Chester, United Kingdom · www.grs.co.uk
Nth Gen Software Inc. (dba TradeRev) 2014-08-06 - Add-on Acquisition
Toronto, Ontario · www.traderev.com
Preferred Warranties, Inc. 2013-06-01 - Add-on Acquisition
Orwigsburg, Pennsylvania · www.warrantys.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
CarsArrive Network, Inc.    - Dependable Auto Shippers, Inc. 2017-05-17 1
Mesa, Arizona · www.carsarrive.com Mesquite, Texas · www.dasautoshippers.com
ADESA, Inc. 2007-04-30 Sanford Auto Dealers Exchange 2016-03-14 2
Carmel, Indiana · www.adesa.com Sanford, Florida · www.sanfordautodealers.com
ADESA, Inc. 2007-04-30 Holding & Barnes Plc (dba HBC Vehicle Services) 2015-06-15 1
Carmel, Indiana · www.adesa.com Canvey Island, United Kingdom · www.hbc.co.uk

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (33%) 528M (92%) - -
Software 4 (27%) - - -
Business Services 3 (20%) - 1 (100%) -
Automotive 1 (7%) - - -
Consumer Services 1 (7%) - - -
Information Technology 1 (7%) 43M (8%) - -
Total 15 $571M 1 -

By Geo

State/Country Buy Value Sell Value
United States 11 468M 1 -
  California 2 - - -
  Illinois 1 43M 1 -
  Texas 1 - - -
  Pennsylvania 1 - - -
  North Carolina 1 - - -
  Nevada 1 - - -
  Michigan 1 - - -
  Kansas 1 425M - -
  Indiana 1 - - -
Canada 2 - - -
  Saskatchewan 1 - - -
  Ontario 1 - - -
Belgium 1 103M - -
United Kingdom 1 - - -
Domestic 11 (73%) 468M (82%) 1 (100%) -
Cross-border 4 (27%) 103M (18%) - -
Total 15 $571M 1 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Guggenheim Securities
1
Legal Deals
Winston & Strawn LLP
1
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
$100M to $1B 2 $528M
< $100M 1 $43M
TOTAL $571M
Largest BacklotCars, Inc.
$425M (2020-09-08)

M&A Connections

Deals
Acquired from
Investor(s)
40%
2 (40%)
Strategic(s)
60%
3 (60%)

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