M&A Deal Summary

ACV Auctions Acquires ASI

On April 21, 2020, ACV Auctions acquired automotive company ASI

Acquisition Highlights
  • This is ACV Auctions’ 1st transaction in the Automotive sector.
  • This is ACV Auctions’ 2nd transaction in the United States.
  • This is ACV Auctions’ 1st transaction in Ohio.

M&A Deal Summary
Date 2020-04-21
Target ASI
Sector Automotive
Buyer(s) ACV Auctions
Deal Type Add-on Acquisition

Target

ASI

Cincinnati, Ohio, United States
ASI is an automotive inspection services company that offers off-lease vehicle inspections, off-rental, fleet, and other services for original equipment manufacturers (OEMs).

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Buyer(S) 1

Buyer

ACV Auctions

Buffalo, New York, United States
Category Company
Founded 2014
Sector Internet Software and Services
Employees2,170
Revenue 481M USD (2023)
DESCRIPTION

ACV Auctions is an online, wholesale vehicle marketplace that provides franchise and used-car dealerships a more effective and transparent way of buying and selling vehicles through 20-minute auctions. Its technology and data-driven insights modernize the entire arc of auction operations, providing third-party inspections, account management, title, and payment processing, managing arbitration and transportation. ACV Auctions was founded in 2014 and is based in Buffalo, New York.

DEAL STATS #
Overall 2 of 4
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Ohio) 1 of 1
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 TrueFrame

Fort Lauderdale, Florida, United States

TrueFrame LLC is a provider of vehicle accident inspections. TrueFrame is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 MAX Digital

Chicago, Illinois, United States

MAX Digital is an automotive data and merchandising product and inventory management system (IMS) platform FirstLook. MAX Digital's SaaS-based software products enable dealers to accurately price wholesale and retail inventory while maximizing profit on each vehicle sold by leveraging predictive analytics informed by machine learning. MAX Digital was founded in 2010 and is based in Chicago, Illinois.

Buy $60M
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