America’s Auto Auction Expands into Colorado with Acquisition of Dealers Auto Auction of the Rockies
America's Auto Auction announced the acquisition of Dealers Auto Auction of the Rockies, marking the company's first location in Colorado. This represents an ownership transfer in the automotive wholesale sector.
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Penske Automotive goes private at $16.3B valuation
Mitsui & Co. and Penske Corp. are acquiring the remaining stake they don't own in Penske Automotive, taking the company private at a $16.3B valuation with a 64-36 ownership split.
Carvana gets a $4k Premium at their New Stellantis Stores
Carvana acquired multiple Stellantis franchise stores and scaled one Arizona location from 30-50 units to over 700 monthly units using an online-first model. This represents a significant acquisition event with ownership transfer.
Penske and Mitsui seek to take Penske Auto private in $3.8B deal
Penske and Mitsui are seeking to take Penske Automotive Group private in a $3.8B deal. This represents an ownership transfer of a major automotive retailer.
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