ALG, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
ALG, Inc. - overview
Established
1964
Location
Santa Barbara, CA, US
Primary Industry
Business Support Services
About
ALG, Inc. provides advanced residual value modeling solutions tailored for the automotive sector, empowering clients with invaluable insights for informed decision-making regarding vehicle valuation and depreciation. Founded in 1964 and headquartered in Santa Barbara, US, ALG, Inc. specializes in residual value modeling for the automotive industry.
The company was previously a subsidiary of TrueCar, Inc. and, in July 2020, was fully acquired by J. D. Power for USD 112.
5 mn, with an additional USD 22. 5 mn in deferred payments based on future financial results. The acquisition reflects strong investor confidence in ALG's methodologies, built on over 50 years of experience in forecasting vehicle values. The company has successfully completed 2 deals to date, with its most recent transaction occurring on July 31, 2020.
J. D. Power, the lead investor in the latest round, is committed to enhancing ALG's offerings in the automotive analytics space. ALG Automotive Insights & Outlook, a division of J.
D. Power, offers comprehensive residual value modeling solutions, primarily featuring the Model 8. 0 tool, regarded as the most complete in its field. Core offerings include interactive software tools, custom reports, and consulting services targeted at automotive manufacturers, lenders, and dealerships.
ALG's solutions integrate macroeconomic and market factors to support clients in understanding vehicle resale values, helping a diverse client base across North America, including dealers, banks, credit unions, insurance companies, and government agencies, in optimizing their operational strategies. In the fiscal year 2019, ALG reported a revenue of USD 19. 30 mn, generated through subscription access to its suite of tools and consulting services tailored to the automotive sector. Following its acquisition by J.
D. Power in July 2020, ALG plans to enhance its product portfolio by launching new analytics tools designed to meet evolving market demands. The company is targeting expansion into European and Asian markets by 2023, aiming to leverage its advanced analytics capabilities to capture a broader client base. The recent funding will support these initiatives, particularly in product development and market entry strategies, facilitating ALG's growth in the global automotive insights landscape.
Current Investors
Thoma Bravo, J.D. Power
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Automobiles, Other Vehicles & Parts, Analytics & Performance Software, Accounting/Finance Software, Information Services
Website
www.alg.com
Verticals
Research (Non-Medical)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
ALG, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | ALG, Inc. | - |
Displaying 1 - 1 of 1
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.