Update: Automotive M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Automotive was $26 million. In Q2 2023, the strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

– Piazza Auto Group closed its acquisition of Otto’s BMW/Otto’s Mini for $31 million in June 2023.

–Echo Defense Projects closed its acquisition of Five Star North America for $3 million in May 2023.

– Linamar Corporation announced its acquisition of Battery Enclosures (Business of DURA Automotive Systems) for $325 million in May 2023.

– XPEL closed its acquisition of Dealership Services Business (US) for $5 million in May 2023.

– SMP Automotive Systems closed its acquisition of Bolta US (All Assets) for $16 million in April 2023.

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