WASHINGTON (dpa-AFX) - Automotive retailer AutoNation, Inc. (AN) on Monday said it has inked a deal to acquire RepairSmith, a privately held full-service mobile solution for automotive repair and maintenance, for $190 million.
The transaction is expected to be closed in the first quarter of 2023.
Mike Manley, AutoNation's CEO, said: '.RepairSmith is the next step in our plan. It expands AutoNation's ability to penetrate the extensive after-sales service market and conveniently respond to our customers' needs by broadening the reach of our existing after-sales network.'
RepairSmith offers convenience of services and repairs at their home, workplace, or on-site for fleet vehicles. AutoNation will also utilize RepairSmith as a resource for reconditioning and internal services.
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