ACV Auctions acquires 166 Auto Auction

ACV Auctions acquired 166 Auto Auction for $27.4 million, a transaction completed in March 2024, structured as all cash.

166 Auto Auction operates in Physical auction / marketplace, is based in Springfield, Missouri, United States. 166 Auto Auction is a physical auto auction based in Springfield, Missouri. ACV acquired all of its ownership interests for total cash consideration of $27.4 million, allocated in its FY2024 Form 10-K to $7.4 million of goodwill, $16.3 million of intangible assets and $3.6 million of net assets. The deal added Midwest physical-auction capacity to ACV's remarketing network.

Adds Midwest physical-auction capacity to ACV's marketplace footprint.

Operates within ACV's remarketing-center network.

On March 8, 2024, we completed the acquisition of all of the ownership interests of 166 Auto Auction for total cash consideration of $27.4 million.ACV Auctions FY2024 Form 10-K, Business Combinations note

Advisory firms were not disclosed for this transaction.

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