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  6. goeasy Invests In Canada Drives

Investment Summary

goeasy Invests In Canada Drives

On June 27, 2022, goeasy invested in internet software and services company Canada Drives

Investment Highlights
  • This is goeasy’s 1st transaction in the Internet Software and Services sector.
  • This is goeasy’s 3rd transaction in Canada.
  • This is goeasy’s 2nd transaction in British Columbia.

Investment Summary
Date 2022-06-27
Target Canada Drives
Sector Internet Software and Services
Investor(s) goeasy
Deal Type Growth Capital

Target

Canada Drives

Vancouver, British Columbia, Canada
Canada Drives is an online car shopping and to-your-door delivery platform that helps customers to shop for certified used vehicles, pay in full or finance, sign all documents, and have their vehicle delivered to their doorstep as quickly as the same day. Through Canada Drives, purchasing a vehicle online saves Canadians time and money and reduces the stress and pressure often associated with car shopping. Canadians can also sell their vehicle to Canada Drives at a fair price and have the vehicle picked up as soon as the next day. Canada Drives was formed in 2010 and is based in Vancouver, British Columbia.

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Investor(S) 1

Investor

goeasy

Mississauga, Ontario, Canada
Category Company
Founded 1990
Sector Financial Services
Employees2,600
Revenue 1.5B CAD (2024)
DESCRIPTION

goeasy is a lease-to-own company, offering brand-name household furniture, appliances, and electronics to consumers under weekly or monthly leasing agreements through both corporate and franchise stores. goeasy was founded in 1990 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: British Columbia M&A 2 of 2
Country: Canada M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 LendCare

Pickering, Ontario, Canada

LendCare is a Canadian point-of-sale consumer finance and technology company, which enables 3,000 businesses to increase their revenue by providing full credit spectrum financing at the point-of-sale. LendCare is headquartered in Pickering, Ontario.

Buy $320M
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