M&A Deal Summary

Cox Automotive Acquires Dickinson Fleet Services

On January 5, 2021, Cox Automotive acquired automotive company Dickinson Fleet Services from Ridgemont Equity Partners

Acquisition Highlights
  • This is Cox Automotive’s 1st transaction in the Automotive sector.
  • This is Cox Automotive’s 6th transaction in the United States.
  • This is Cox Automotive’s 1st transaction in Indiana.

M&A Deal Summary

Date 2021-01-05
Target Dickinson Fleet Services
Sector Automotive
Buyer(s) Cox Automotive
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition

Target

Dickinson Fleet Services

Indianapolis, Indiana, United States
Dickinson Fleet Services LLC is a provider of on-site mobile maintenance and repair services nationwide, offering mobile on-site fleet service for light medium, and heavy-duty trucks and trailers. Dickinson Fleet Services was founded in 1997 and is headquartered in Indianapolis, Indiana.

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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 8 of 12
Sector (Automotive) 1 of 4
Type (Add-on Acquisition) 5 of 9
State (Indiana) 1 of 1
Country (United States) 6 of 10
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 F&I Express

Grapevine, Texas, United States

Intersection Technologies, Inc. is an aftermarket industry into the digital age with innovative technology solutions. With solutions that cut costs, educate consumers, improve compliance and increase efficiency for dealers, agents, providers, lenders, digital retailers and menus, F&I Express offers various technology solutions based on the needs of the customers in accessing F&I providers. Intersection Technologies, Inc. was founded in 2008 and is based in Grapevine, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Spiers New Technologies

Oklahoma City, Oklahoma, United States

Spiers New Technologies is a full-service provider of "4R" services (repair, remanufacturing, refurbishing, and repurposing) for advanced battery packs used in hybrid and electric vehicles. SNT's 4R services allow vehicle OEM's to optimize the life cycle management of their battery pack inventory and maximize its value. Spiers New Technologies was founded in 2015 and is based in Oklahoma City.

Buy -

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 83 of 91
Sector (Automotive) 4 of 4
Type (Add-on Acquisition) 30 of 36
State (Indiana) 3 of 3
Country (United States) 72 of 80
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Amerit Fleet Solutions

Walnut Creek, California, United States

Amerit Fleet Solutions provides repair and maintenance services for vehicle fleet owners and operators across North America, operating via a collection of mobile repair units, branch locations, and on-site customer locations. Amerit Fleet Solutions was founded in 2010 and is based in Walnut Creek, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 SEKO

Schaumburg, Illinois, United States

SEKO is a global non-asset-based 3PL provider offering a complete set of technology-enabled supply chain logistics solutions, including freight forwarding, transportation management, contract logistics and warehousing services. SEKO was founded in 1976 and is based in Schaumburg, Illinois.

Buy -