Add-on Acquisition • Automotive

Dickinson Fleet Services and Cox Automotive Acquire MobiCare

On February 7, 2022, Dickinson Fleet Services and Cox Automotive acquired automotive company MobiCare

Acquisition Context
  • This is Dickinson Fleet Services’ 6th and Cox Automotive’s 3rd transaction in the Automotive sector.
  • This is Dickinson Fleet Services’ 8th and Cox Automotive’s 8th transaction in the United States.
  • This is Dickinson Fleet Services’ 2nd and Cox Automotive’s 1st transaction in Florida.

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M&A Deal Summary

Date February 7, 2022
Target MobiCare
Sector Automotive
Buyer(s) Dickinson Fleet Services
Cox Automotive
Deal Type Add-on Acquisition

Target Company

MobiCare

Jacksonville, Florida, United States
MobiCare is a full-service, 24/7 commercial fleet, and truck maintenance, provider. MobiCare provides one-stop repair and service RV and Motor Home capability. MobiCare has dedicated and trained mechanics to handle any problems from oil changes to complete engine overhauls, house issues to body and paint. MobiCare is based in Jacksonville, Florida.
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Buyers Overview 2

Buyer

Dickinson Fleet Services

Indianapolis, Indiana, United States

Category Company
Founded 1997
Sector Automotive
DESCRIPTION

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.


Deal Context for Buyer #
Overall 8 of 8
Sector: Automotive 6 of 6
Type: Add-on Acquisition 7 of 7
State: Florida 2 of 2
Country: United States 8 of 8
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Mobile Fleetcare

Oakland, California, United States

Mobile Fleetcare is a provider of fleet maintenance, on-site vehicle, and equipment maintenance. Mobile Fleetcare also helps fleets maintain DOT/BIT compliance through rigorous vehicle inspection services. Mobile Fleetcare is based in Oakland, California.

Buy -
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 Context for Buyer #
Overall 10 of 13
Sector: Automotive 3 of 4
Type: Add-on Acquisition 7 of 9
State: Florida 1 of 1
Country: United States 8 of 11
Year: 2022 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Trudell

Green Bay, Wisconsin, United States

Trudell provides trailer service and repairs, heavy-duty truck and trailer parts sales, mobile on-site maintenance, shop semi-trailer repairs, and industrial finishing with more than 115 technicians across 13 locations located in the upper Midwest and Northeast. Trudell also distributes and sells parts directly to customers across the country. Trudell was formed in 1971 and is based in Green Bay, Wisconsin.

Buy -