BacklotCars Inc.
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BacklotCars Inc. - overview
Established
2014
Location
Kansas City, MO, US
Primary Industry
Internet
About
Founded in 2014 and based in Missouri, US, BacklotCars Inc. operates as a provider of software-as-a-service and online marketplace for rental cars, auto dealers, and finance companies. The company's platform also offers vehicle inspections, transportation, and inventory finance. In September 2020, KAR Auction Services Inc.
, a portfolio company of Apax Partners and Periphas Capital, agreed to acquire BacklotCars Inc. for USD 425 million. The transaction was completed in November 2020.
Current Investors
Apax Partners, OPENLANE, Inc., Periphas Capital
Primary Industry
Internet
Sub Industries
Automobile Dealerships, Web Applications
Website
www.backlotcars.com
Verticals
Cloud Computing, E-commerce, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
BacklotCars 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 | BacklotCars Inc. | - |
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