M&A Deal Summary

APCO Acquires Automotive Development Group

On February 25, 2016, APCO acquired automotive company Automotive Development Group from Zabel Companies

Acquisition Highlights
  • This is APCO’s 1st transaction in the Automotive sector.
  • This is APCO’s 1st transaction in the United States.
  • This is APCO’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-02-25
Target Automotive Development Group
Sector Automotive
Buyer(s) APCO
Sellers(s) Zabel Companies
Deal Type Add-on Acquisition
Advisor(s) Colonnade Advisors LLC (Financial)

Target

Automotive Development Group

Mooresville, North Carolina, United States
Automotive Development Group LLC is a provider of consulting and compliance services and finance and insurance related products to automobile dealerships.

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Buyer(S) 1

Buyer

APCO

Norcross, Georgia, United States

Category Company
Founded 1984
Sector Automotive
DESCRIPTION

APCO is a marketer and administrator of extended vehicle service contracts, warranties, and other related products sold primarily by automobile dealers located throughout the United States. APCO has expanded its offerings over the last decade to include leading-edge training for dealership sales and finance teams. The company markets its products using the EasyCare and GWC brands, as well as other private label automobile manufacturer brands, through a network of independent agents and an internal salesforce that specialize in consulting with and servicing the automotive dealership markets. APCO was founded in 1984 and is based in Norcross, Georgia.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Covideo

Indianapolis, Indiana, United States

Covideo is a provider of video messaging solutions. Through Covideo, sales and service professionals can record, send and track videos across a variety of channels allowing them to build relationships and convert leads into customers. With an emphasis on personalization and personal connection, Covideo is helping people reimagine business communication. Covideo was founded in 2004 and is based in Indianapolis, Indiana.

Sell -

Seller(S) 1

DESCRIPTION

Zabel Companies is a private investment firm focused on buyouts, recapitalizations, and providing growth capital to a variety of lower middle-market US or Canadian-based companies. Zabel seeks businesses generating $2 to $12 million of EBITDA that have long-standing and diverse customer relationships and a strong position within an industry. Zabel prefers situations where management is looking to continue on. Zabel Companies is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Sun Valley Electric Supply

Las Vegas, Nevada, United States

Sun Valley Electric Supply is a electrical wholesale suppliers involved in distributing electrical solutions to commercial, industrial, and residential sectors. Sun Valley Electric Supply is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 Puritan Products

Bethlehem, Pennsylvania, United States

Puritan Products, Inc. is a distributor of cGMP buffers and solutions for Biopharma customers, and high-purity chemistries for Research and Electronic Materials customers. Puritan Products is committed to exceeding customer expectations by providing products that other companies can't or won't produce because of small batch size, tight quality specifications, safety concerns, or short delivery times. Established in 1987 and based in Bethlehem, Pennsylvania.

Sell -