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NewsNovember 19, 2012

Equity Firm Acquires White River, Subprime Auto Finance Subsidiary

In a $79.5 million deal, an affiliate with Parthenon Capital Partners acquired White River Capital and its subsidiary Coastal Credit LLC.

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NewsNovember 15, 2012

Penske Enters Wisconsin Market

Penske is extending its footprint into Wisconsin with the acquisition of two dealerships. Officials say the locations should contribute annualized revenues of approximately $130 million.

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NewsOctober 2, 2012

DealerTrack Acquires ClickMotive

DealerTrack acquired ClickMotive, an acquisition officials say will strengthen the company’s digital interactive marketing offerings.

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NewsMarch 2, 2012

Manheim Completes Acquisition of Dealer Services Corp.

Manheim announced it has completed its planned purchase of Dealer Services Corporation, a used-vehicle floorplan company for independent dealers that’s based in Carmel, Ind.

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NewsMarch 1, 2012

ADP Digital Marketing Expands Analytics Segment Facilities

ADP Dealer Services and its Digital Marketing group have acquired Autotegrity from Link Ventures and Cogo Labs to expand a facility that’s focused on optimizing the online shopping experience for consumers.

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NewsDecember 27, 2011

Genstar Capital Acquires IAS

Genstar Capital announced the acquisition of Innovative Aftermarket Systems. The private equity firm said IAS’s current chief executive, Bob Corbin, will continue to lead the company.

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NewsOctober 27, 2011

SNAAC Sells to Investor Group, Secures Expanded Credit Facilities

Security National Automotive Acceptance Corp. announced it has closed on the sale of the company to a group of private investors and has secured $450 million of senior debt financing.

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NewsOctober 20, 2011

TCF to Acquire California Indirect Auto Lender

TCF Financial Corporation announced that its wholly-owned subsidiary, TCF National Bank, has signed a definitive agreement to acquire Gateway One Lending & Finance LLC.

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NewsOctober 18, 2011

Group 1 Buys GM Dealer, Opens VW and Fiat Stores

Group 1 announced the acquisition of David Taylor Cadillac Buick GMC in Houston, and opens up a FIAT and two Volkswagen dealerships in California and Texas.

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