Redline Automotive Merchandising

The Deal

Bought By

Mike McGlade

Year

Not published by any primary source

Two backers carry it and each dates only its own 2019 investment, one to January. The company's own site was not opened. No page read states when the purchase closed.

Vehicle

Exit Plan Capital, LLC, backed by Search Fund Partners, Endurance Search Partners and Applied Equity

Kind

Physical operations

A merchandising company for automotive dealers, sending crews to photograph inventory on the lot and supplying the digital marketing and software around the listings.

What Happened Next

Trading under its own name, with the index host naming him as chief executive beside its January 2019 investment and a second backer carrying the company against 2019.

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

Backed by the Same Firms

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.

• Search Fund Partners' own account searchfunds.net
• Endurance Search Partners' own account, The backer's investments list, which carries the company and its own year. endurancesearchpartners.com
• Endurance Search Partners' own account, The backer's partners page, which names the searcher beside the company and the fund. endurancesearchpartners.com
• Applied Equity's own account applied-equity.com

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 host names him as chief executive beside its January 2019 investment; a second backer carries the company under its longer name against 2019 and names nobody. Nothing says he bought it.