M&A Deal Summary

Boyne Capital Acquires CarCovers.com

On January 21, 2021, private equity firm Boyne Capital acquired e-commerce company CarCovers.com

Acquisition Highlights
  • This is Boyne Capital’s 1st transaction in the E-Commerce sector.
  • This is Boyne Capital’s 16th transaction in the United States.
  • This is Boyne Capital’s 2nd transaction in Tennessee.

M&A Deal Summary

Date 2021-01-21
Target CarCovers.com
Sector E-Commerce
Buyer(s) Boyne Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

CarCovers.com

Memphis, Tennessee, United States
CarCovers.com is a retail e-commerce company focused on vehicle covers and related vehicle protection products. CarCovers sells primarily through its direct-to-consumer e-commerce portal, CarCovers.com, and offers a comprehensive suite of high-quality, form-fitting products tailored to a wide range of vehicle types and applications. CarCovers.com was founded in 2008 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Boyne Capital

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Boyne Capital is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne Capital was formed in 2006 and is based in Miami, Florida.


DEAL STATS #
Overall 16 of 29
Sector: E-Commerce M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 17
State: Tennessee M&A 2 of 2
Country: United States M&A 16 of 28
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Pilot Energy

San Diego, California, United States

Pilot Energy is a provider of electric utility billing & data management services, energy portfolio management, and energy procurement strategies for community choice aggregation (CCA), commercial, and industrial customers in the Western U.S. Pilot Energy is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Double Wood Supplements

Philadelphia, Pennsylvania, United States

Double Wood Supplements is a direct-to-consumer nutritional supplements company. Double Wood Supplements is based in Philadelphia, Pennsylvania.

Buy -