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DealerSocket and Dealertrack have entered into a definitive agreement under which DealerSocket will acquire Dealertrack’s Inventory+ business for approximately $55 million in an all-cash transaction.
Read More →AutoNation has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee, and three stores in the Baltimore, Md., market, bringing its total franchise count to 327.
Read More →On Wednesday, J.D. Power completed its acquisition of NADA Used Car Guide. As part of the agreement, J.D. Power will continue to provide NADA members with a complimentary subscription.
Read More →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.
Read More →Holman Automotive Group has acquired Audi Willow Grove in Willow Grove, Pa. The outlet becomes the second Audi dealership under the Holman brand.
Read More →J.D. Power and the NADA have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business. The deal is expected to close early in 2015’s third quarter.
Read More →Heritage Indemnity Company has retained its financial strength rating and issuer credit rating of “A” following the recent announcement of its agreement with AmTrust Financial Services, according to A.M Best.
Read More →AmTrust announced last week that it has entered into a definite agreement to purchase Wells Fargo’s Warranty Solutions, which the bank acquired in October 2008 with its purchase of Wachovia Corp.
Read More →Advanced Lending & Portfolio Services, a division of Westlake Financial Services, has acquired a $12.4 million bulk portfolio from Blackhawk Financial.
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A Q&A with Warren Buffett and Larry Van Tuyl headlined the 2015 NADA/J.D. Power Automotive Forum, where the two executives discussed the direction of the nation’s fourth-largest dealer group post-acquisition.
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