M&A Deal Summary

Sheehy Auto Stores Acquires CarMax Laurel Toyota

On January 19, 2021, Sheehy Auto Stores acquired automotive company CarMax Laurel Toyota from CarMax

Acquisition Highlights
  • This is Sheehy Auto Stores’ 1st transaction in the Automotive sector.
  • This is Sheehy Auto Stores’ 1st transaction in the United States.
  • This is Sheehy Auto Stores’ 1st transaction in Maryland.

M&A Deal Summary
Date 2021-01-19
Target CarMax Laurel Toyota
Sector Automotive
Buyer(s) Sheehy Auto Stores
Sellers(s) CarMax
Deal Type Divestiture

Target

CarMax Laurel Toyota

Laurel, Maryland, United States
CarMax Laurel Toyota is a dealer of new & used Toyotas that offers great prices, rebates, parts, and service for new and used Toyota cars, vans, and SUVs. CarMax Laurel Toyota is based in Laurel, Maryland.

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Buyer(S) 1

Buyer

Sheehy Auto Stores

Fairfax, Virginia, United States
Category Company
Founded 1996
Sector Automotive
DESCRIPTION

Sheehy Auto Stores, Inc. is a family-owned business automotive dealer group in the country and serves customers throughout the Mid-Atlantic. Sheehy Auto Stores is a retailer of Ford and Nissan in the region and have the largest selection of new Ford. Our other franchises include Honda, Lincoln, Subaru, Lexus, INFINITI, Toyota, Volkswagen, Hyundai, Nissan, Buick, GMC, Mazda, and Harley-Davidson. Sheehy Auto Stores was founded in 1996 and is based in Fairfax, Virginia.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 3
Type (Divestiture) 1 of 1
State (Maryland) 1 of 3
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-20 Bill Kidd s Timonium Toyota

Cockeysville, Maryland, United States

Bill Kidd's Timonium Toyota is an automotive dealer, that sells approximately 1,500 new Toyotas per year. Bill Kidd's Timonium Toyota was opened in 1973 and is based in Cockeysville, Maryland.

Buy -

Seller(S) 1

SELLER

CarMax

Richmond, Virginia, United States
Category Company
Founded 1993
Sector Automotive
Employees30,000
Revenue 26.5B USD (2024)
DESCRIPTION

CarMax is a retailer of used vehicles. The CarMax consumer offer features low, no-haggle prices, a broad selection of CarMax Quality Certified used vehicles, and superior customer service. CarMax was founded in 1993 and is headquartered in Richmond, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Edmunds

Santa Monica, California, United States

Edmunds is a web-based portal for consumers to research new and used vehicles. Edmunds guides car shoppers online from research to purchase. With in-depth reviews of every new vehicle, shopping tips from an in-house team of experts, plus a wealth of consumer and automotive market insights. Edmunds was founded in 1966 and is based in Santa Monica, California.

Buy -
Mergr

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