Add-on Acquisition • Automotive

Opus Inspection Acquires Envirotest

On February 28, 2014, Opus Inspection acquired automotive company Envirotest for 90M USD

Acquisition Context

This is Opus Inspection’s 1st transaction in the Automotive sector.
This is Opus Inspection’s largest (disclosed) transaction.
This is Opus Inspection’s 1st transaction in the United States.
This is Opus Inspection’s 1st transaction in Connecticut.

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M&A Deal Summary
Date	February 28, 2014
Target	Envirotest
Sector	Automotive
Buyer(s)	Opus Inspection
Deal Type	Add-on Acquisition
Deal Value	90M USD

Target Company

Envirotest

East Granby, Connecticut, United States

Envirotest Corp. is a provider in centralized vehicle emissions testing services and technology in North America. Envirotest operates seven centralized and decentralized vehicle emissions testing programs in the U.S. and Canada under its Envirotest brand.

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Buyer Overview 1

Buyer

Opus Inspection

East Granby, Connecticut, United States

Category	Company
Founded	1974
Sector	Automotive

DESCRIPTION

Opus Inspection, Inc. is a company in vehicle inspection technology and vehicle inspection program operations.

Deal Context for Buyer	#
Overall	1 of 3
Sector: Automotive	1 of 2
Type: Add-on Acquisition	1 of 3
State: Connecticut	1 of 1
Country: United States	1 of 3
Year: 2014	1 of 1
Size (of disclosed)	1 of 2

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-03-24	Drew Technologies Ann Arbor, Michigan, United States Drew Technologies, Inc. is a manufacturer of vehicle communication and diagnostic equipment for the vehicle inspection and automotive service industry. Drew Tech offers tools used for vehicle development, engineering, data acquisition, end of line testing, factory diagnostics, and custom projects .	Buy	$30M

DATE

TARGET

DEAL TYPE

VALUE

2015-03-24

Drew Technologies

Ann Arbor, Michigan, United States

Drew Technologies, Inc. is a manufacturer of vehicle communication and diagnostic equipment for the vehicle inspection and automotive service industry. Drew Tech offers tools used for vehicle development, engineering, data acquisition, end of line testing, factory diagnostics, and custom projects .

Buy

$30M

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