M&A Deal Summary

Sonic Automotive Acquires RFJ Auto

On December 7, 2021, Sonic Automotive acquired automotive company RFJ Auto from TJC

Acquisition Highlights
  • This is Sonic Automotive’s 6th transaction in the Automotive sector.
  • This is Sonic Automotive’s 6th transaction in the United States.
  • This is Sonic Automotive’s 2nd transaction in Texas.

M&A Deal Summary

Date 2021-12-07
Target RFJ Auto
Sector Automotive
Buyer(s) Sonic Automotive
Sellers(s) TJC
Deal Type Add-on Acquisition

Target

RFJ Auto

Plano, Texas, United States
RFJ Auto is an automotive dealership platform, provides an impeccable experience by going the extra mile to exceed the expectations of guests, associates, vendors, manufacturing partners, and shareholders. RFJ Auto was founded in 2014 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

Sonic Automotive

Charlotte, North Carolina, United States

Category Company
Founded 1997
Sector Automotive
Employees10,800
Revenue 14.2B USD (2024)
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 6 of 10
Sector: Automotive M&A 6 of 9
Type: Add-on Acquisition M&A Deals 4 of 7
State: Texas M&A 2 of 2
Country: United States M&A 6 of 10
Year: 2021 M&A 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 Audi Owings Mills

Owings Mills, Maryland, United States

Audi Owings Mills is an operator of a dealership that serves residents of the greater Baltimore area and surrounding regions with a wide selection of new and pre-owned Audi vehicles and manufacturer-authorized parts and services. Audi Owings Mills is based in Owings Mills, Maryland.

Buy -

Seller(S) 1

SELLER

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


DEAL STATS #
Overall 55 of 61
Sector: Automotive M&A 3 of 3
Type: Add-on Acquisition M&A Deals 21 of 23
State: Texas M&A 6 of 6
Country: United States M&A 53 of 59
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 WEP Clinical

Morrisville, North Carolina, United States

WEP Clinical is a specialist pharma services company that partners with drug developers to help patients and physicians gain early access to treatments for rare diseases, cancer and other serious or life-threatening illnesses that have no viable treatment options available. The Company is a market leader in the design and execution of expanded access and named patient programs, which provide pre-approval access to promising molecules for patients with critical unmet medical needs. WEP Clinical is based in Morrisville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Camco

Greensboro, North Carolina, United States

Camco is an aftermarket parts and accessories manufacturer serving the fast-growing outdoor recreation market. Camco has a best-in-class in-house development team which specializes in innovative products for the RV, marine, ATV and other outdoor recreation industries. Camco is based in Greensboro, North Carolina.

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