M&A Deal Summary

Cox Automotive Acquires Dealertrack

On June 16, 2015, Cox Automotive acquired software company Dealertrack for 4.0B USD

Acquisition Highlights
  • This is Cox Automotive’s 2nd transaction in the Software sector.
  • This is Cox Automotive’s largest (disclosed) transaction.
  • This is Cox Automotive’s 4th transaction in the United States.
  • This is Cox Automotive’s 1st transaction in New York.

M&A Deal Summary
Date 2015-06-16
Target Dealertrack
Sector Software
Buyer(s) Cox Automotive
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Evercore Group (Financial)
O'Melveny & Myers (Legal)

Target

Dealertrack

Lake Success, New York, United States
Dealertrack is a provider of digital solutions to the automotive retail industry. The company's cloud-based platform offers a suite of integrated tools and services that help dealerships streamline their operations, improve efficiency, and enhance the customer experience. Dealertrack's solutions cover the entire automotive sales and financing process, from inventory management and vehicle registration to credit application processing and digital retailing. Dealertrack was formed in 2001 and is based in Lake Success, New York.

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Buyer(S) 1

Buyer

Cox Automotive

Atlanta, Georgia, United States
Category Company
Founded 1997
Sector Marketing
Employees3,300
DESCRIPTION
Cox Automotive's corporate headquarters in Atlanta, Georgia.
Cox Automotive's corporate headquarters in Atlanta, Georgia.

Cox Automotive is a provider of vehicle remarketing services and digital marketing and software solutions for consumers, dealers, manufacturers and the overall automotive industry.

DEAL STATS #
Overall 4 of 12
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 9
State (New York) 1 of 1
Country (United States) 4 of 10
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Xtime

Redwood City, California, United States

Xtime, Inc. is a cloud-based retention solutions for the retail automotive industry. The Xtime Retention System delivers a premium customer experience for vehicle owners and increases retention for OEMs and their dealerships. It features Marketing 7 to increase service demand, Scheduling 7 to capture and book that demand and Check-In 7 to increase the value of that demand. Xtime is a provider for 20 major global automotive manufacturers in the United States, Canada and Australia, as well as leading dealership groups, and serves more than 6,000 dealerships. Xtime is based in Silicon Valley and has offices in Australia, Canada, Germany and United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-13 Molinari srl

Gossolengo, Italy

Molinari srl is a provider of advanced technological solutions and a wide selection of materials including aluminium, special steels, composite materials.

Buy -
Mergr

Product

Company

Legal