AutoWeb, Inc (NasdaqCM:AUTO) acquired the Assets of CarZeus from McCombs Family Partners Ltd, CarZeus.com LLC and CarZeus Founder Phil Kandera for $0.4 million on July 31, 2021. The consideration will be paid in cash. AutoWeb entered a second amendment to amend the existing Loan, Security and Guarantee Agreement with CIT Northbridge Credit LLC and that the proceeds of the revolver loans will be used to pay the purchase price for the CarZeus acquisition. CarZeus Founder Phil Kandera has joined AutoWeb as Executive Director, Vehicle Acquisition, and will lead day-to-day operations of AutoWeb’s used vehicle acquisition business under the CarZeus brand. Kreager Mitchell PLLC acted as legal advisor to McCombs Family Partners Ltd, CarZeus.com LLC and CarZeus Founder Phil Kandera. AutoWeb, Inc (NasdaqCM:AUTO) completed the acquisition of Assets of Carzeus from McCombs Family Partners Ltd, CarZeus.com LLC and CarZeus Founder Phil Kandera for $0.4 million on July 31, 2021.