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  6. LMPmotors Acquires Bachman Bernard Chevrolet Buick GMC

M&A Deal Summary

LMPmotors Acquires Bachman Bernard Chevrolet Buick GMC

On March 24, 2021, LMPmotors acquired automotive company Bachman Bernard Chevrolet Buick GMC

Acquisition Highlights
  • This is LMPmotors’ 1st transaction in the Automotive sector.
  • This is LMPmotors’ 1st transaction in the United States.
  • This is LMPmotors’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2021-03-24
Target Bachman Bernard Chevrolet Buick GMC
Sector Automotive
Buyer(s) LMPmotors
Deal Type Add-on Acquisition

Target

Bachman Bernard Chevrolet Buick GMC

Greeneville, Tennessee, United States
Bachman-Bernard Chevrolet Buick GMC is a new and used vehicle dealer that provides the perfect truck, car, or SUV for Morristown and Kingsport Buick, Chevrolet, and GMC customers.

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Buyer(S) 1

Buyer

LMPmotors

Fort Lauderdale, Florida, United States
Category Company
Founded 2017
Sector Internet Software and Services
Employees17
Revenue 30M USD (2020)
DESCRIPTION

LMPmotors is an e-commerce platform for buying, selling and financing late model pre-owned automobiles. Through the Company’s platform, consumers can research and identify a vehicle, obtain financing and warranty coverage, purchase a vehicle and schedule delivery or pick-up all from their desktop or mobile devices. LMPmotors was founded in 2017 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
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