M&A Deal Summary

E INC Acquires Houston Auto Auction

On January 26, 2023, E INC acquired business services company Houston Auto Auction for 6M USD

Acquisition Highlights
  • This is E INC’s 1st transaction in the Business Services sector.
  • This is E INC’s largest (disclosed) transaction.
  • This is E INC’s 1st transaction in the United States.
  • This is E INC’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-01-26
Target Houston Auto Auction
Sector Business Services
Buyer(s) E INC
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Houston Auto Auction

Houston, Texas, United States
Houston Auto Auction (HAA) is a family-owned, independent auto auction known for specializing in "Fleet" sales and providing exemplary customer service to both commercial and repo accounts. It has partnered up with industry leaders to provide customers with a large and diverse selection of vehicles. Houston Auto Auction was formed in 1964 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

E INC

Toronto, Ontario, Canada
Category Company
Sector Automotive
Revenue 80M CAD (2021)
DESCRIPTION

E INC is an automotive technology company on a mission to enable the automotive ecosystem to do business however they choose and with increased velocity, by enhancing wholesale and retail experiences through technology & expertise. E INC is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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