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M&A Deal Summary

Audi of America Acquires Silvercar

On March 30, 2017, Audi of America acquired business services company Silvercar

Acquisition Highlights
  • This is Audi of America’s 1st transaction in the Business Services sector.
  • This is Audi of America’s 1st transaction in the United States.
  • This is Audi of America’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-03-30
Target Silvercar
Sector Business Services
Buyer(s) Audi of America
Deal Type Add-on Acquisition

Target

Silvercar

Austin, Texas, United States
Silvercar, Inc. is a provider of airport car rental services. The company’s proprietary technology platform enables the seamless, end-to-end management of myriad personal transportation offerings, deployed everywhere from car dealerships to airports to corporate business settings.

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Buyer(S) 1

Buyer

Audi of America

Herndon, Virginia, United States
Category Company
Founded 1978
Sector Automotive
DESCRIPTION

Audi of America, Inc. is an authorized U.S. dealers offer a full line of German-engineered luxury vehicles. In 2016, AUDI AG delivered about 1.87 million Audi automobiles and broke all-time company sales records for the seventh straight year in the U.S.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
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