“AutoNation has embarked on a strategy to be the nation’s most comprehensive provider of transportation solutions, meeting the mobility needs of today’s and tomorrow’s customer through a broad, connected range of products and services that are clearly focused on providing our customers and their households a comprehensive, unique suite of transportation solutions,” said Mike Manley, AutoNation’s CEO. “RepairSmith is the next step in our plan. It expands AutoNation’s ability to penetrate the extensive After-Sales service market and conveniently respond to our Customers’ needs by broadening the reach of our existing After-Sales network.”
The acquisition of RepairSmith will provide AutoNation’s after-sales business with another channel to provide service to its existing customer base and introduce additional vehicle owners who have purchased vehicles outside the AutoNation dealer network, the company said. AutoNation will also utilize RepairSmith as a resource for reconditioning and expedite vehicle delivery to Customers.
The transaction, pursuant to which AutoNation will acquire RepairSmith for $190 million, is expected to close in the first quarter of 2023, the company said.