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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