Cox Automotive Inc.
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Cox Automotive Inc. - overview
Established
1997
Location
Atlanta, GA, US
Primary Industry
Retail
About
Cox Automotive Inc. specializes in digital solutions that transform the automotive retail experience, offering innovative platforms for vehicle management and customer engagement. Founded in 1997 and headquartered in Atlanta, US, Cox Automotive Inc. provides a suite of services designed to streamline automotive retail operations.
The company was established by Anmar Mandeli and Ryan Tansom, with Phillip Shannon and Sergiy Lem currently serving as CEO. Cox Automotive operates multiple global offices, focusing on enhancing dealer efficiency through technology-driven solutions. Cox Automotive Inc. offers a comprehensive suite of digital solutions designed to transform the automotive retail landscape.
The core product offerings include platforms for vehicle inventory management, digital retailing, customer relationship management (CRM), and analytics services. These solutions empower dealerships to enhance the customer buying experience, streamline operations, and optimize inventory. Primary customers include automotive dealers, manufacturers, and fleet operators across various geographical markets such as the United States, Canada, and select international regions. By leveraging data-driven insights, these products aim to address the evolving challenges faced by the automotive industry, including consumer expectations and operational efficiencies.
Cox Automotive's revenue model is primarily driven by subscriptions and partnerships with automotive dealers and brands. The company generates income by offering various services, including dealership management systems, marketing analytics, and digital retail solutions. Transactions typically involve B2B interactions where dealerships subscribe to software platforms that facilitate vehicle sales and inventory management. For instance, a dealership may engage in a subscription for Cox Automotive's Dealertrack platform, which provides integrated technology solutions for credit application processing and compliance.
This structured transaction model enhances customer relationships and drives recurring revenue through long-term service agreements, ensuring a steady flow of income aligned with the needs of automotive retailers.
Primary Industry
Retail
Sub Industries
Automobile Repair
Website
www.coxautoinc.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
Cox Automotive 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, Corporate Carve Out | Completed | Cox Automotive Inc.'s DealerTrack Registration and Titling Businesses | - | ||||||||
| Add-on, Spin-Off | Completed | Express Recoveries Business | - | ||||||||
| Add-on, Corporate Carve Out | Completed | Manheim Canada | - |
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