ACV Auctions Acquires ASI to Expand Off‑Lease Vehicle Inspection Capabilities

April 21, 2020

ACV Auctions Inc. has acquired ASI, a Cincinnati‑based provider of off‑lease, off‑rental, fleet and OEM vehicle inspection and audit services, bringing more than 300 field inspectors and office staff into ACV. The deal expands ACV's nationwide inspection footprint and allows ACV to offer its inspection technologies (e.g., Virtual Lift, AMP) to ASI customers; ASI previously operated as part of SGS Transportation Services in the United States.

Buyers
ACV Auctions Inc.
Targets
ASI
Sellers
SGS Transportation Services
Industry
Transportation
Location
Ohio, United States
Transaction Type
Buyout

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