AutoNation acquires mobile repair firm for $190m
21 December 2022
AutoNation, the largest auto retailer in the US, has agreed a $190m deal to buy mobile repair and maintenance provider RepairSmith.
The LA-based firm counts Mercedes-Benz and Porsche Ventures among its investors.
AutoNation CEO Mike Manley has cited growth in parts and service, and finance and insurance, as key drivers behind a 4.5% boost in Q3 revenue to $6.67bn.