TrueCar - M&A Summary and Business Overview

Internet Software And ServicesCompany

TrueCar M&A Summary

TrueCar has acquired 3 companies, including 1 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2020, when it sold ALG to J.D. Power and Associates for $135M. TrueCar has acquired in 2 different US states. The Company’s most targeted sectors include software (34%) and business services (34%).

TrueCar Business Overview

Where is TrueCar headquartered?

TrueCar is headquartered in Santa Monica, California.

What is TrueCar’s revenue?

TrueCar disclosed revenue of 162M USD for 2022 and 232M USD for 2021.

How many employees does TrueCar have?

TrueCar has 440 employees.

What sector is TrueCar in?

TrueCar is an internet software and services company.

When was TrueCar founded?

TrueCar was founded in 2005.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

TrueCar

TrueCar, Inc.

120 Broadway, Suite 200,
Santa Monica, California 90401
United States,
(800) 200-2000
www.truecar.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - 1 - - 3
Sell (0.2/yr) # - 1 - - - - 1
vol $135M $135M
  4

Most Recent M&A

Company Date Value Type
Digital Motors Corp. 2022-06-06 - Add-on Acquisition
Irvine, California · www.digitalmotors.com
ALG, Inc. 2020-08-06 135M USD Divestiture
Santa Barbara, California · www.alg.com
DealerScience LLC 2018-12-07 - Add-on Acquisition
Boston, Massachusetts · www.dealerscience.com
ALG, Inc. 2011-08-22 - Divestiture
Santa Barbara, California · www.alg.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 1 (33%) - 1 (100%) 135M (100%)
Internet Software and Services 1 (33%) - - -
Software 1 (33%) - - -
Total 3 - 1 $135M

By Geo

State/Country Buy Value Sell Value
United States 3 - 1 135M
  California 2 - 1 135M
  Massachusetts 1 - - -
Total 3 - 1 $135M

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Cooley LLP
 1

Deal Values

sell # Total
$100M to $1B 1 $135M
TOTAL $135M
Largest ALG, Inc.
$135M (2020-08-06)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Internet Software and Services

Revenue

162   31% 2022
232   17% 2021
279   22% 2020
354   0% 2019
354   10% 2018
323   17% 2017
260   2016
207   56% 2014
133   69% 2013
79   2012
(millions of USD) Show More Show Less

Employees

440

Established

2005

Public

NASDAQ: TRUE

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