Cars.com Inc. Acquires D2C Media Inc. to Expand into Canada

Cars Commerce (Cars.com Inc.) Acquires DealerClub

January 23, 2025

Automotive

Cars Commerce (d/b/a Cars.com) acquired DealerClub, a dealer-to-dealer digital wholesale auction, for approximately $25 million in cash with up to $88 million of additional performance-based consideration. The deal, which closed January 23, 2025, expands Cars Commerce’s Trade & Appraisal strategy by adding transactional wholesale capabilities and access to a dealer-facing marketplace serving 650+ dealer customers.

DATA Communications Management Corp. Acquires R.R. Donnelley Canadian Operations (Moore Canada Corporation)

April 25, 2023

Marketing & Advertising

DATA Communications Management Corp. (DCM) completed the acquisition of the Canadian operations of R.R. Donnelley & Sons (operating as Moore Canada Corporation) for a cash purchase price of CAD 130.8 million. The deal expands DCM's footprint and capabilities in Canada, creating a pro forma business with estimated 2022 revenues of more than CAD 520 million and an enlarged enterprise customer base.

Valnet Inc. Acquires CarBuzz

January 17, 2024

Media & Entertainment

Montreal-based digital media owner Valnet Inc. has acquired CarBuzz, a prominent online automotive publication known for buyer guides, reviews and its BuzzScore rating system. The acquisition expands Valnet's automotive portfolio alongside TopSpeed and HotCars to strengthen audience, traffic and technology capabilities.

TRADER Corporation Acquires Canadian Operations of Dealertrack, VinSolutions, Dealer.com, Xtime and Kelley Blue Book from Cox Automotive

November 10, 2022

Automotive

TRADER Corporation has agreed to acquire the Canadian operations of Dealertrack, VinSolutions, Dealer.com, Xtime and Kelley Blue Book from Cox Automotive's Canadian Retail business. The move brings Canadian-focused dealer software, digital retailing and valuation capabilities into TRADER to deliver more localized services for Canadian dealerships and OEMs; most Canadian Cox Automotive Retail employees are expected to transition to TRADER.

Dave Cantin Group Closes 19 Automotive Dealership Acquisitions Totalling $661M in H1 2022

July 12, 2022

Automotive

Dave Cantin Group (DCG) announced it closed 19 automotive dealership acquisitions in the first half of 2022, with an average transaction value of roughly $35 million and aggregate deal value of $661 million. The transactions occurred across 11 U.S. states — with multiple deals in Nevada, Florida and Texas — as DCG continues to expand its dealership holding and M&A activities.

Xcite Automotive Acquires CarsByText.com

June 22, 2022

Software

Xcite Automotive has acquired Buffalo-based CarsByText.com, a text-based automation platform for dealership operations and marketing. The acquisition brings CarsByText founder Raj Suchak into Xcite as Chief Technology Officer and adds text-first automation capabilities to Xcite's dealer-focused software and services.