Acamar Partners Acquisition Corp. to Take CarLotz Public
October 22, 2020
Acamar Partners Acquisition Corp. entered into a definitive business combination agreement to take CarLotz, Inc. public, supported by a $125 million PIPE led by Fidelity and strategic investors including KAR Global, McLarty Diversified Holdings, Rick Wagoner and TRP Capital Partners. The transaction will provide CarLotz with capital to fund nationwide hub expansion, technology investments and continued growth; closing was expected in Q4 2020.
- Buyers
- Acamar Partners Acquisition Corp., Fidelity Management & Research Company LLC, KAR Global, McLarty Diversified Holdings, Rick Wagoner, TRP Capital Partners, Michael Bor
- Targets
- CarLotz, Inc.
- Industry
- Automotive
- Location
- Virginia, United States
- Transaction Type
- Buyout
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