M&A Deal Summary

Vroom Acquires Texas Direct Auto

On December 16, 2015, Vroom acquired internet software and services company Texas Direct Auto

Acquisition Highlights
  • This is Vroom’s 1st transaction in the Internet Software and Services sector.
  • This is Vroom’s 1st transaction in the United States.
  • This is Vroom’s 1st transaction in Texas.

M&A Deal Summary

Date 2015-12-16
Target Texas Direct Auto
Sector Internet Software and Services
Buyer(s) Vroom
Deal Type Add-on Acquisition

Target

Texas Direct Auto

Stafford, Texas, United States
Texas Direct Auto is an online platform to buy and sell cars, trucks, sport cars and vans.

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Buyer(S) 1

Buyer

Vroom

Fort Worth, Texas, United States

Category Company
Founded 2012
Sector Internet Software and Services
Employees704
Revenue 12M USD (2024)
DESCRIPTION

Vroom is an online car store in the US that helps customers save time, hassle and money by bringing all three aspects of the car buying process – buying, financing and selling – online in an easy, transparent and affordable way. Vroom offers thousands of high quality, refurbished, pre-owned vehicles with free delivery to customers’ doors across the US. Vroom was founded in 2012 and is based in New York, New York.


DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Texas M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 United Auto Credit

Fort Worth, Texas, United States

United Auto Credit is an automotive finance technology-enabled non-prime auto lender serving the independent dealer market. UACC has made significant investments in developing proprietary technology that has enabled it to adapt to the ever-changing market, scale efficiently and generate operating leverage. United Auto Credit is based in Fort Worth, Texas.

Buy $300M