Automotive Acquisitions in Indiana

Alliance RV, LLC has acquired Midwest Automotive Designs from Terex Corporation (previously part of REV Group). The transaction transfers the Elkhart-based luxury B‑van and motorhome conversion business to Alliance RV as the buyer expands into the motorized recreational-vehicle segment.

Matt Bowers Automotive Group acquired Bill Estes Chrysler Dodge Jeep Ram in Brownsburg, Indiana from Asbury Automotive Group, closing on February 2, 2026. The acquisition is Matt Bowers Automotive Group's first Indiana location and expands its Chrysler Dodge Jeep Ram franchise footprint while bringing the dealership into operation as Indy Chrysler Dodge Jeep Ram.

Fun Town RV has acquired Edmundson RV in Edinburgh, Indiana from founders Chris and Jeanie Edmundson. The dealership — a 75,000 sq ft facility with a 32-bay service department on 12 developed acres — will be renamed Fun Town RV Indianapolis and remain at its current location.

Moser Engineering has acquired the GearFX Driveline product line and related assets from Holley Performance Brands; production and assets will be relocated to Moser Engineering’s facilities in Portland, Indiana. The acquisition expands Moser’s aftermarket driveline product offering and secures continued U.S. production of GearFX 9‑inch housing centers.

Auveco, a leading provider of automotive fasteners and body hardware, has acquired ClipLizard Systems, a Spencer, Indiana–based supplier of specialty clips, fasteners and a licensed inventory management software for PBE distributors. The acquisition, completed November 1, 2023, expands Auveco’s presence in the Collision and Paint, Body, and Equipment (PBE) markets and adds new product and technology capabilities for its distribution partners.

Fenix Parent LLC (operating as Fenix Parts), a Stellex-backed auto recycling and OEM parts reseller, completed its acquisition of the assets of Brothers Auto Parts in Indianapolis, Indiana. The deal expands Fenix's Midwest footprint (bringing the company to 24 full-service locations) and provides additional regional distribution and logistics access.

Camping World Holdings, Inc. announced it will acquire Mount Comfort RV in Greenfield, Indiana, a dealership selling Forest River, Coachmen, Tiffin, Newmar and Winnebago products. The acquisition — expected to close in Q4 2023 — expands Camping World's footprint in Indiana to three locations and strengthens its retail and service capabilities in the state.

Tsunami Express, a data-enabled express car wash platform backed by Point72 Hyperscale, has acquired Pride's Express, a three-location express car wash business based in Goshen, Indiana. Tsunami will operate the sites under the Pride's Express brand and leverage its marketing, automation and AI-enabled platform to optimize pricing, marketing, and customer retention as it expands its Midwest network.

Penske Automotive Group has acquired Terry Lee Hyundai and Genesis of Noblesville from owner Terry Lee. The acquisition expands Penske's franchise footprint in the Indianapolis metropolitan market and brings the dealerships' employees under Penske's operations.

DexKo Global Inc., through its wholly-owned subsidiary Dexter Axle Company, acquired HiSpec Wheel & Tire, Inc., a Mishawaka, Indiana designer and supplier of aluminum and steel wheels, tires and related accessories for RV, trailer and transportation markets. The acquisition expands Dexter/DexKo's product offering and strengthens its position in safety-related towing products and OEM/distribution channels.

Carmel, Indiana-based XLerate Group has acquired Clark County Auto Auction (CCAA), a third-generation, family-run dealer auction based in Jeffersonville, Indiana. CCAA will continue to be operated by Paul Fetter as general manager while XLerate integrates the location into its network of regional auction brands to expand its platform footprint in the Midwest.

Amynta Group has acquired Pivotal Solutions Inc., a Fishers, Indiana-based provider of F&I (finance & insurance) solutions, training and development for automotive dealer groups. The acquisition establishes Amynta Dealer Services' presence in the U.S. Midwest and will keep Pivotal operating under its current leadership to continue serving dealer clients.

KAR Auction Services (d/b/a KAR Global) placed $550 million of newly issued perpetual convertible preferred stock in a strategic financing led by funds advised by Apax Partners with participation from Periphas Capital. The capital will support KAR’s operational recovery from COVID-19, accelerate its digital transformation and sustain its technology platforms and development pipeline.

Atlanta-based conveyor car wash operator Mammoth Holdings acquired Shine On Carwash, a two-unit express conveyor car wash operator in Evansville, Indiana. Shine On founder Jeff Robb reinvested in Mammoth and will remain in a management role; Mammoth's corporate development is supported by equity partner Red Dog Equity and debt financing from Monroe Capital.

Torque Capital's investor group has completed the purchase of the North American and European light vehicle aftermarket business of Remy, Inc. from BorgWarner Inc., acquiring Remy's North American rotating electrical remanufacturing business, the Maval power steering business, and Remy Europe rotator remanufacturing operations. The deal creates a standalone Remy aftermarket business with David Nichols named president of the North American company.