AutoNation, Inc. (NYSE:AN) acquired RepairSmith, Inc for $190 million.
January 25, 2023
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AutoNation, Inc. (NYSE:AN) entered into an agreement to acquire RepairSmith, Inc. for $190 million on December 12, 2022. The transaction is subject to customary closing conditions, regulatory approvals and expected to close in the first quarter of 2023. AutoNation has appointed Christian Treiber as President of After-Sales. Treiber joined the AutoNation Executive Team and will lead the After-Sales team. Treiber will also be responsible for integrating the RepairSmith business into AutoNation as part of his role. Moelis & Company (NYSE:MC) acted as financial advisor to RepairSmith, Inc. David R. Clark of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to AutoNation, Inc.
AutoNation, Inc. (NYSE:AN) completed the acquisition of RepairSmith, Inc. on January 26, 2023.
AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, Jaguar, Bentley, and Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 349 new vehicle franchises from 252 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.
AUTONATION, INC. 
