ACV Auctions acquisition history

MAX Digital is an automotive data and merchandising software company, best known for its FirstLook inventory management system (IMS). Its SaaS products help dealers price wholesale and retail inventory and maximize per-vehicle profit using predictive analytics informed by machine learning. ACV said the deal accelerates its data strategy and expands its suite of inventory, pricing-guidance and merchandising tools.

ACV's digital-first approach has empowered thousands of dealers to buy, sell and value their vehicles online with confidence. This acquisition builds on our commitment to help dealers enhance their bottom-line with tools that enable efficient, informed decisions powered by digital intelligence.George Chamoun — CEO, ACV

This event brings together two like-minded companies dedicated to delivering best-in-class solutions to the dealer community. I have no doubt that MAX Digital becoming part of the ACV family will be a huge plus for our customers and our people.Robert Granados — former CEO, MAX Digital

Monk SAS is an artificial-intelligence company whose computer-vision platform automates vehicle damage detection: a user photographs a vehicle with a phone and machine-learning models identify scratches, dents and damage. Monk's AI-enabled self-inspection capabilities were already live with customers in Europe at the time of the deal. ACV disclosed total consideration of approximately $18.6 million, net of cash acquired and expected working-capital settlements, in its FY2023 Form 10-K. approximately $18.6 million.

Monk's AI-enabled self-inspection capabilities offer a powerful platform that is already live with initial customers in Europe.George Chamoun — CEO, ACV

By joining forces with the ACV family and leveraging its massive experience of vehicle condition reports, we can truly accelerate our shared goal.Aboubakr Laraki and Faycal Slaoui — co-founders, Monk

Alliance Auto Auction is a physical whole-car auto auction operator based in Abilene, Texas. ACV acquired all of its ownership interests, adding brick-and-mortar remarketing capacity to its predominantly digital marketplace. ACV's FY2024 Form 10-K disclosed total cash consideration of $66.9 million plus 639,976 shares of Class A common stock valued at about $8.6 million. $66.9 million cash plus 639,976 Class A shares (approximately $8.6 million); about $75.5 million total.

On January 30, 2024, we completed the acquisition of all of the ownership interests of Alliance Auto Auctions for total cash consideration of $66.9 million and 639,976 common shares of the Company's Class A common stock.ACV Auctions FY2024 Form 10-K — Business Combinations note

166 Auto Auction is a physical auto auction based in Springfield, Missouri. ACV acquired all of its ownership interests for total cash consideration of $27.4 million, allocated in its FY2024 Form 10-K to $7.4 million of goodwill, $16.3 million of intangible assets and $3.6 million of net assets. The deal added Midwest physical-auction capacity to ACV's remarketing network.

On March 8, 2024, we completed the acquisition of all of the ownership interests of 166 Auto Auction for total cash consideration of $27.4 million.ACV Auctions FY2024 Form 10-K — Business Combinations note

Indiana Auto Auction, based in Fort Wayne, Indiana, has been a Midwest remarketing operator since 1965, running multiple light-duty vehicle lanes and a heavy-duty truck division. ACV acquired all of its ownership interests for total cash consideration of $51.5 million, allocated in its FY2024 Form 10-K to $16.2 million of goodwill, $13.9 million of intangibles and $21.4 million of net assets. It joined ACV's remarketing-center network.

On June 17, 2024, we completed the acquisition of all of the ownership interest of Indiana Auto Auction for total cash consideration of $51.5 million.ACV Auctions FY2024 Form 10-K — Business Combinations note