CarCovers.com
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CarCovers.com - overview
Established
2008
Location
-, CA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
CarCovers. com is a specialized online retailer offering high-quality, custom-fit car covers designed to shield vehicles from environmental damage, catering to both individual consumers and businesses. Founded in 2008 and headquartered in Pittsburgh, US, CarCovers. com focuses on providing protective solutions for vehicles.
The company was acquired by Boyne Capital in January 2021, which enabled a strategic pivot towards enhancing their product offerings. The founder's history is not publicly available, nor are there mentions of subsidiaries. CarCovers. com specializes in high-quality, custom-fit car covers designed to protect vehicles from various environmental elements.
Their core product offerings include the Platinum Shield, Ultimate Shield, and Deluxe Shield covers, which are developed to provide protection against rain, snow, UV rays, and debris. The company emphasizes the importance of a well-fitting cover, offering a guaranteed semi-custom fit for a range of vehicle types, including cars, trucks, SUVs, motorcycles, and RVs. This versatility allows CarCovers. com to cater to a broad customer base, including individual vehicle owners and businesses requiring protective solutions for multiple vehicles.
The products are primarily marketed and sold across the United States and Canada, addressing the needs of consumers looking for reliable outdoor and indoor vehicle protection solutions. CarCovers. com generates revenue primarily through direct-to-consumer sales of their car cover products, which are available at various price points depending on the model and material used. Their flagship products, such as the Platinum Shield cover, are positioned as premium offerings, while other models cater to diverse consumer needs and budgets.
The transaction structure is straightforward, involving one-time purchases facilitated through the company’s online platform. Customers can take advantage of promotional offers, such as discounts during seasonal sales, enhancing the appeal of their products. The company also provides warranty options that vary by product, reflecting their commitment to quality and customer satisfaction. Revenue is further supported by sales of accessories, such as the Gust Strap Wind Protector and Cable and Lock Set, which complement their core car cover offerings.
Looking ahead, CarCovers. com plans to expand its product line with the introduction of new car cover models aimed at high-demand segments. The company is also targeting expansion into additional markets, with plans to enter European and Asian markets by the end of 2023. The recent acquisition by Boyne Capital will provide the necessary resources to support these initiatives, enabling the company to enhance its product development and marketing efforts.
Current Investors
Boyne Capital Partners
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.carcovers.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CarCovers.com - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | CarCovers.com | - |
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