CDK Global Acquires Computerized Vehicle Registration (CVR)

Vitu Acquires Dealertrack Registration and Titling Businesses from Cox Automotive

November 25, 2024

Automotive

Vitu has entered into a definitive agreement to acquire Dealertrack’s registration and titling businesses (RTS, RegUSA, Accelerated Title and CMS) from Cox Automotive. The transaction, backed by Accel-KKR, is a divestiture by Cox Automotive intended to consolidate titling and registration capabilities under Vitu; terms were not disclosed and the deal is subject to customary closing conditions.

Brookfield to Acquire CDK Global Inc.

April 7, 2022

Cloud & SaaS

Brookfield Business Partners, together with institutional partners (including Brookfield Asset Management), agreed to acquire CDK Global Inc. for $54.87 per share in a transaction valued at approximately $8.3 billion. CDK Global is a leading provider of subscription-based dealer management software and services for automotive dealerships; Brookfield said it will leverage its operating capabilities to grow the company’s technology footprint and improve margins.

CVC Acquires Significant Stake in Epicor, Partnering with CD&R

August 13, 2024

Cloud & SaaS

Funds managed by CVC have agreed to acquire a significant ownership position in Epicor, joining existing investor Clayton, Dubilier & Rice (CD&R) as equal Board partners. Epicor — an Austin-based, industry-specific SaaS ERP provider — will continue to be led by CEO Steve Murphy as the investors support further SaaS migration, product innovation (including AI/BI capabilities) and international expansion.

Descartes Systems Group Acquires OCR Services for About $90 Million

March 28, 2024

Software

Descartes Systems Group has acquired Rockville, Maryland–based OCR Services, a provider of global trade compliance solutions and content, for approximately $90 million in cash. The acquisition adds OCR’s GlobalEASE platform and controlled export data to Descartes’ Global Trade Intelligence offerings, expanding content and capability to better serve multinational customers and partners.

Vitu Acquires TitleNGo

February 2, 2021

Transportation

Vitu, a nationwide vehicle titling and registration technology provider backed by Accel-KKR, acquired Pennsylvania-based TitleNGo on February 2, 2021. The acquisition integrates TitleNGo's PennDOT Online Registration Program Partner expertise and staff into Vitu to expand Pennsylvania operations and accelerate rollout of Vitu's electronic registration and titling (ERT) capabilities for dealerships and PennDOT.

Tekion Acquires Five64

July 26, 2023

Cloud & SaaS

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.