M&A Deal Summary

CDK Global Acquires CVR

On June 30, 2023, CDK Global acquired business services company CVR

Acquisition Highlights
  • This is CDK Global’s 1st transaction in the Business Services sector.
  • This is CDK Global’s 11th transaction in the United States.
  • This is CDK Global’s 4th transaction in California.

M&A Deal Summary

Date 2023-06-30
Target CVR
Sector Business Services
Buyer(s) CDK Global
Deal Type Add-on Acquisition

Target

CVR

Petaluma, California, United States
CVR provides automotive dealers and other key members of the vehicle lifecycle with fast, secure, certified electronic vehicle registration. CVR was founded in 1992 and is based in Petaluma, California.

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Buyer(S) 1

Buyer

CDK Global

Hoffman Estates, Illinois, United States

Category Company
Founded 2014
Sector Information Technology
Employees9,000
Revenue 1.7B USD (2021)
DESCRIPTION

CDK Global is a provider of integrated information technology and digital marketing solutions to the automotive retail industry. CDK Global was established in 2014 and is based in Hoffman Estates, Illinois.


DEAL STATS #
Overall 11 of 11
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 9
State: California M&A 4 of 4
Country: United States M&A 11 of 11
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Salty

Salt Lake City, Utah, United States

Salty is an embedded Insurance technology company that offers a proprietary Software-as-a-Service (SaaS) solution that enables carriers and distribution partners to offer a customized policy to ensure a product or service in real-time during the purchase process. Salty was founded in 2019 and is based in Salt Lake City, Utah.

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