Tekion Acquires Five64

July 26, 2023

Tekion, the cloud-native automotive retail platform, has acquired Five64, an interstate and state vehicle registration and titling solutions provider. Five64 will be integrated as Tekion Digital Processing (TDP) into Tekion's platform to simplify cross-state transactions for dealers, OEMs and consumers; Five64 CEO Hoke Smith will join Tekion to lead registration and titling services.

Buyers
Tekion
Targets
Five64
Industry
Cloud & SaaS
Location
Texas, United States
Transaction Type
Buyout

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