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M&A Deal Summary

TrueCar Acquires Digital Motors

On June 6, 2022, TrueCar acquired internet software and services company Digital Motors

Acquisition Highlights
  • This is TrueCar’s 1st transaction in the Internet Software and Services sector.
  • This is TrueCar’s 3rd transaction in the United States.
  • This is TrueCar’s 2nd transaction in California.

M&A Deal Summary
Date 2022-06-06
Target Digital Motors
Sector Internet Software and Services
Buyer(s) TrueCar
Deal Type Add-on Acquisition

Target

Digital Motors

Irvine, California, United States
Digital Motors is an automotive retail and financial technology (FinTech) platform that provides complete online sales solutions throughout the United States and Canada. Digital Motors is based in Irvine, California.

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Buyer(S) 1

Buyer

TrueCar

Santa Monica, California, United States
Category Company
Founded 2005
Sector Internet Software and Services
Employees348
Revenue 176M USD (2024)
DESCRIPTION
TrueCar office in West Los Angeles, California.
TrueCar office in West Los Angeles, California.

TrueCar is an information and technology platform that enables its users to communicate with TrueCar Certified Dealers for a hassle-free car-buying experience. TrueCar was formed in 2005 and is based in Santa Monica, California.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 ALG

Santa Barbara, California, United States

ALG has been helping automotive manufacturers, financial institutions, and fleet companies increase profitability, reduce risk, and gain overall market intelligence with specializing in automotive residual values, analytical data products, and hands-on, pragmatic business consultation. ALG excels in providing: 1) Residual value and depreciation forecasting, 2) Consulting services for manufacturers, financial institutions, and fleet companies, 3) Lease and loan portfolio risk analysis and securitization valuations, 4) Data analysis products, 5) Custom modeling tools for residual values and remarketing. ALG was formed in 1964 and is based in Santa Barbara, California.

Sell $135M
Mergr

Product

Company

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