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March 20, 2018 - Industry News

FTC Blocks CDK Global's Acquisition of Auto/Mate

The regulator had charged in an administrative complaint that the proposed sale violates federal antitrust laws. The two companies subsequently announced they are abandoning the proposed merger. Auto/Mate officials said the technology company is no longer for sale.

Tags: antitrust, Auto/Mate Dealership Systems, CDK Global, compliance, Federal Trade Commission, merger and acquisition

August 9, 2017 - Industry News

N.J.’s Top Kia Dealer Acquires Additional Store in Toms River

Motivated by the success of his Kia dealership in New Jersey's Egg Harbor Township, Roy Greenblatt has acquired a second location in the state, the former Toms River Kia. The store has been renamed Matt Blatt Kia of Toms River.

Tags: Dealership, Kia, Matt Blatt Kia, merger and acquisition

June 16, 2015 - Industry News

Cox Automotive to Buy Dealertrack for $4 Billion

The software giants are currently forming an integration team to determine how the combined companies will be organized once the deal closes in the third quarter. A company official said Cox had identified Dealertrack as an acquisition target last year.

Tags: Acquisition, Cox Automotive, Dale Pollak, Dealertrack, Mark O'Neil, merger and acquisition, Sandy Schwartz, vAuto

November 26, 2013 - Industry News

NAC, FFDS Complete Merger

National Auto Care (NAC) Corp. has completed its merger with Family First Dealer Services LLC, marking the second acquisition in the F&I industry by the Miami-based Trivest Partners, a private investment firm.

Tags: Family First Dealer Services, merger and acquisition, National Auto Care Corporation

August 21, 2012 - Industry News

Auto Dealer M&A Activity Declines

A new report indicates that merger-and-acquisition activity among public dealer groups dropped 55 percent in the first half of 2012.

Tags: M&A, merger and acquisition, Presidio Group, Presidio Merchant Partners, Profitability, public dealer

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