M&A Deal Summary

Sonic Automotive Acquires Carbiz

On March 16, 2021, Sonic Automotive acquired automotive company Carbiz

Acquisition Highlights
  • This is Sonic Automotive’s 4th transaction in the Automotive sector.
  • This is Sonic Automotive’s 4th transaction in the United States.
  • This is Sonic Automotive’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-03-16
Target Carbiz
Sector Automotive
Buyer(s) Sonic Automotive
Deal Type Add-on Acquisition

Target

Carbiz

Baltimore, Maryland, United States
Carbiz is an auto dealer in the United States. Company provides pre-owned automobile sales, new Vespa/Piaggio sales, and Piaggio and Vespa parts and accessories. Carbiz was founded in 1995 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Sonic Automotive

Charlotte, North Carolina, United States
Category Company
Founded 1997
Sector Automotive
Employees10,500
Revenue 14.4B USD (2023)
DESCRIPTION
Sonic Automotive's corporate headquarters in Charlotte, North Carolina.
Sonic Automotive's corporate headquarters in Charlotte, North Carolina.

Sonic Automotive is an automotive dealer in the United States operating 173 franchises and 37 collision repair centers. Sonic was formed in 1997 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 4 of 8
Sector (Automotive) 4 of 7
Type (Add-on Acquisition) 2 of 6
State (Maryland) 1 of 2
Country (United States) 4 of 8
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Ourisman Honda of Tysons Corner

Vienna, Virginia, United States

Ourisman Honda of Tysons Corner provides service, quality, and everything in between to Honda Drivers from Vienna.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Momentum Chrysler Dodge Jeep Ram

Sealy, Texas, Texas, United States

Momentum Chrysler Dodge Jeep Ram is a dealer of new and used cars by Jeep, Ram, Dodge and Chrysler, serving Sealy, Texas.

Buy -
Mergr

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