Xcite Automotive Acquires Pinnacle Automotive
April 18, 2024
Xcite Automotive has acquired Pinnacle Automotive, including its Diamond Dealer Services and Diamond Digital PRO platforms, to expand its reconditioning, merchandising and inventory workflow capabilities. The Pinnacle assets will be integrated into Xcite's ReconLogic and Frontline platforms; Camden Partners (a Baltimore-based private equity firm) also joined Xcite's board as part of the announcement.
- Buyers
- Xcite Automotive, Camden Partners
- Targets
- Pinnacle Automotive
- Industry
- Automotive
- Location
- Maryland, United States
- Transaction Type
- Buyout
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