ACV Auctions acquired Alliance Auto Auction for $66.9 million cash plus 639,976 Class A shares (approximately $8.6 million); about $75.5 million total, a transaction completed in January 2024, structured as combination.
Alliance Auto Auction operates in Physical auction / marketplace, is based in Abilene, Texas, United States. 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.
Extends ACV's marketplace into physical auction operations and the off-lease and commercial segment.
Operates within ACV's remarketing-center network.
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
Advisory firms were not disclosed for this transaction.