Vitu Acquires Dealertrack Registration and Titling Businesses from Cox Automotive
November 25, 2024
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.
- Targets
- Dealertrack registration and titling businesses (RTS, RegUSA, Accelerated Title, CMS)
- Sellers
- Cox Automotive
- Industry
- Automotive
- Location
- Georgia, United States
- Transaction Type
- Divestiture
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