KAR Global - M&A Summary and Business Overview

Business ServicesCompany

KAR Global M&A Summary

KAR Global has acquired 17 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

KAR Global’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 for $2.2B. KAR Global has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include internet software and services (38%) and software (25%).

KAR Global Business Overview

Where is KAR Global headquartered?

KAR Global is headquartered in Carmel, Indiana.

What is KAR Global’s revenue?

KAR Global disclosed revenue of 1,519M USD for 2022 and 2,252M USD for 2021.

How many employees does KAR Global have?

KAR Global has 3,960 employees.

What sector is KAR Global in?

KAR Global is a business services company.

When was KAR Global founded?

KAR Global was founded in 2006.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity16
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

KAR Global

KAR Auction Services, Inc.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 13 1 2 - - - 16
vol $146M $425M $450M $1.0B
Sell (0.2/yr) # 1 - - 1 - - 2
vol $2.2B $2.2B
  18

Most Recent M&A

Company Date Value Type
ADESA, Inc. 2022-02-24 2.2B USD Divestiture
Carmel, Indiana · www.adesa.com
CarWave LLC 2021-08-23 450M USD Add-on Acquisition
Escondido, California · www.carwave.com
Auction Frontier LLC 2021-05-04 - Add-on Acquisition
Roseville, California · www.auctionfrontier.com
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
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

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 6 (38%) 978M (96%) - -
Software 4 (25%) - - -
Business Services 3 (19%) - 1 (50%) 2.2B (100%)
Automotive 1 (6%) - 1 (50%) -
Consumer Services 1 (6%) - - -
Information Technology 1 (6%) 43M (4%) - -
Total 16 $1.0B 2 $2.2B

By Geo

State/Country Buy Value Sell Value
United States 12 918M 2 2.2B
  California 3 450M - -
  Indiana 1 - 1 2.2B
  Illinois 1 43M 1 -
  Texas 1 - - -
  Pennsylvania 1 - - -
  North Carolina 1 - - -
  Nevada 1 - - -
  Michigan 1 - - -
  Kansas 1 425M - -
Canada 2 - - -
  Saskatchewan 1 - - -
  Ontario 1 - - -
Belgium 1 103M - -
United Kingdom 1 - - -
Domestic 12 (75%) 918M (90%) 2 (100%) 2.2B (100%)
Cross-border 4 (25%) 103M (10%) - -
Total 16 $1.0B 2 $2.2B

Top M&A Advisors

Financial Deals
Guggenheim Securities
 1
Barclays Investment Bank
 1
Legal Deals
Winston & Strawn
 2
Skadden, Arps, Slate, Meagher & Flom
 1

Deal Values

buy # Total
$100M to $1B 3 $978M
< $100M 1 $43M
TOTAL $1.0B
Largest CarWave LLC
$450M (2021-08-23)
sell # Total
> $1B 1 $2.2B
TOTAL $2.2B
Largest ADESA, Inc.
$2.2B (2022-02-24)

M&A Connections

Deals
Acquired from
Investor(s)
6%
1 (6%)
Strategic(s)
19%
3 (19%)
Divested to
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Business Services

Revenue

1,519   33% 2022
2,252   3% 2021
2,188   22% 2020
2,782   27% 2019
3,770   10% 2018
3,458   10% 2017
3,150   20% 2016
2,640   12% 2015
2,365   9% 2014
2,173   11% 2013
1,963   2012
(millions of USD) Show More Show Less

Employees

3,960

Established

2006

Public

NYSE: KAR

Former Name

KAR Holdings, Inc.

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