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Automotive Business Solutions

The Deal

Bought By
Michael Cox
Year
Not published by any primary source
Two backers date it and disagree by a year: one writes that it invested in November of 2017, the other labels the company Acquired 2018 on its homepage, and a third carries 2018 as its own year. The acquirer's release dates only the exit. No Form D is filed under the searcher's name, so nothing at the bar settles which year the purchase closed, and the row publishes none.
Vehicle
Backed by Search Fund Partners, WSC & Company, Anacapa Partners and Endurance Search Partners
Kind
Services

A Denver administrator of warranty products for the automotive aftermarket, parts-and-labor repair warranties and road hazard programs, sold through the shops and distributors that fit the parts.

What Happened Next

Sold to Brown & Brown Dealer Services, which announced the completed acquisition in December 2023 with the searcher staying on as chief executive from the Denver office.

The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.

Backed by the Same Firms

WSC & Company

Search Fund Partners

Anacapa Partners

Endurance Search Partners

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The index names Michael Cox as chief executive beside an investment in November 2017 and an exit in 2023; a second backer's homepage testimonial reads ABS, Acquired 2018, beside his name. The acquirer's release names him as the chief executive who stays, which evidences the exit and not the purchase.