M&A Deal Summary

Quorum Information Technologies Acquires Accessible Accessories

On March 10, 2022, Quorum Information Technologies acquired software company Accessible Accessories for 5M USD

Acquisition Highlights
  • This is Quorum Information Technologies’ 1st transaction in the Software sector.
  • This is Quorum Information Technologies’ largest (disclosed) transaction.
  • This is Quorum Information Technologies’ 1st transaction in Canada.
  • This is Quorum Information Technologies’ 1st transaction in Alberta.

M&A Deal Summary
Date 2022-03-10
Target Accessible Accessories
Sector Software
Buyer(s) Quorum Information Technologies
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Accessible Accessories

Medicine Hat, Alberta, Canada
website
Accessible Accessories develops, implements, and supports its web-based platform that allows franchised dealerships to sell accessories more effectively. Accessible Accessories was founded in 2003 and is based in Medicine Hat, Alberta.

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Buyer(S) 1

Buyer

Quorum Information Technologies

Calgary, Alberta, Canada

website

Category Company
Sector Software
Revenue 39M USD (2022)
DESCRIPTION

Quorum Information Technologies is a North American company focused on developing, marketing, implementing, and supporting its portfolio of software and services for automotive dealerships that include: Quorum’s Dealership Management System (DMS) automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction. Quorum Information Technologies is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 VINN

Victoria, British Columbia, Canada

VINN is an automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently. The company provides a concierge service that assists consumers through the complex vehicle sales process. VINN is based in Victoria, British Columbia.

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