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  6. OEC Acquires Summit Consulting Int’l

M&A Deal Summary

OEC Acquires Summit Consulting Int’l

On November 10, 2020, OEC acquired automotive company Summit Consulting Int’l

Acquisition Highlights
  • This is OEC’s 1st transaction in the Automotive sector.
  • This is OEC’s 1st transaction in the United States.
  • This is OEC’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-11-10
Target Summit Consulting Int’l
Sector Automotive
Buyer(s) OEC
Deal Type Add-on Acquisition

Target

Summit Consulting Int’l

Irving, Texas, United States
Summit Consulting Int’l, Inc. (SCI, Inc.) is a services and solutions provider focused on transforming the way automotive OEMs, dealers, and their customers receive, manage, distribute and communicate actionable information. The company is well known for using data to help its clients increase sales, improve customer satisfaction, and strengthen owner loyalty. Summit Consulting Int’l was formed in 1996 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

OEC

Fairlawn, Ohio, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

OEC is a provider of software and data solutions that help original equipment manufacturers (OEMs), franchised dealerships, and repairers manage aftermarket parts distribution, supply-chain workflow, e-commerce, and business intelligence in the automotive aftermarket ecosystem. OEC was founded in 2000 and is headquartered in Fairlawn, Ohio, United States.

DEAL STATS #
Overall 2 of 2
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-09 Clifford Thames

Essex, United Kingdom

Clifford Thames (Holdings) Ltd. is a provider of outsourced services to the global automotive aftermarket parts, service and repair industry. Clifford Thames (Holdings) Ltd. was founded in 1948 and is based in Essex, United Kingdom.

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