StoneEagle Acquires Pencilwrench
June 5, 2023
StoneEagle, an automotive F&I and service software provider, has acquired Pencilwrench, a web-based repair-event documentation software that helps technicians and service advisors create compliant warranty and service claims. The deal, executed with participation from StoneEagle investor Battery Ventures, expands StoneEagle's service and claims-product capabilities and aims to accelerate market adoption of Pencilwrench's tools; terms were not disclosed.
- Buyers
- StoneEagle, Battery Ventures
- Targets
- Pencilwrench
- Sellers
- Joe McCue (founder and owner of Pencilwrench)
- Platforms
- StoneEagle
- Industry
- Automotive
- Location
- Florida, United States
- Transaction Type
- Addon
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