M&A Deal Summary

Vehlo Acquires Velocity Automotive

On January 22, 2023, Vehlo acquired software company Velocity Automotive

Acquisition Highlights
  • This is Vehlo’s 2nd transaction in the Software sector.
  • This is Vehlo’s 2nd transaction in the United States.
  • This is Vehlo’s 1st transaction in Florida.

M&A Deal Summary
Date 2023-01-22
Target Velocity Automotive
Sector Software
Buyer(s) Vehlo
Deal Type Add-on Acquisition
Advisor(s) Cowen Group, Inc. (Financial)

Target

Velocity Automotive

Destin, Florida, United States
Velocity Automotive delivers innovative software solutions that transform how dealerships share car buying information with their customers and create operational efficiencies in the reconditioning process to increase market readiness and gross profits. Velocity Automotive was founded in 2018 and is based in Destin, Florida.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Vehlo

Knoxville, Tennessee, United States
Category Company
Sector Software
DESCRIPTION

Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee.

DEAL STATS #
Overall 2 of 3
Sector (Software) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-22 Rapid Recon

Palo Alto, California, United States

Rapid Recon is a workflow automation time-to-line inventory turn and speed-to-sale vehicle revenue enhancement for automotive retailers. Rapid Recon is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 Shop-Ware

San Francisco, California, United States

Shop-Ware is a cloud-based shop management platform catering to independent repair shops within the automotive aftermarket. Shop-Ware is based in San Francisco, California.

Buy -
Mergr

Product

Company

Legal