OPENLANE, Inc.
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OPENLANE, Inc. - overview
Established
2006
Location
Carmel, IN, US
Primary Industry
Financial Services
About
Founded in 2006 and based in Indiana, US, OPENLANE, Inc. , formerly KAR Global, is a provider of used vehicle auctions and related vehicle remarketing services in North America and Europe. In December 2024, Dent Wizard International Corporation, a portfolio company of FS Investments and Dealer Tire LLC, acquired High Tech Locksmiths from OPENLANE, Inc. , Carvana, LLC, Periphas Capital and Apax Partners.
The company assists automotive manufacturers, financial institutions, OEMs (original equipment manufacturers), dealers, fleet operators, rental companies, and insurance companies to buy, sell, and trade used vehicles. The Company operates through two segments: ADESA, Inc. (ADESA Auctions or ADESA) and Automotive Finance Corporation (AFC) and provides services for both online and physical auctions of vehicles.
Current Investors
Apax Partners, Periphas Capital
Primary Industry
Financial Services
Sub Industries
Automobile Dealerships, e-Financial, Automobiles, Other Vehicles & Parts, Web Applications
Website
www.openlane.com/
Verticals
E-commerce, FinTech, FinTech, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
OPENLANE, 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, Trade Sale | Completed | High Tech Locksmiths, Inc. | - | ||||||||
| Add-on, Corporate Carve Out | Completed | Manheim Canada | - | ||||||||
| Trade Sale | Completed | OPENLANE, Inc. | - | ||||||||
| Add-on | Completed | Carwave Holdings LLC | - | ||||||||
| Add-on | Completed | Auction Frontier, LLC | - |
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