ACV Auctions acquires Indiana Auto Auction

ACV Auctions acquired Indiana Auto Auction for $51.5 million, a transaction completed in June 2024, structured as all cash.

Indiana Auto Auction operates in Physical auction / marketplace, is based in Fort Wayne, Indiana, United States. Indiana Auto Auction, based in Fort Wayne, Indiana, has been a Midwest remarketing operator since 1965, running multiple light-duty vehicle lanes and a heavy-duty truck division. ACV acquired all of its ownership interests for total cash consideration of $51.5 million, allocated in its FY2024 Form 10-K to $16.2 million of goodwill, $13.9 million of intangibles and $21.4 million of net assets. It joined ACV's remarketing-center network.

Adds an established Midwest physical auction and heavy-duty truck capacity to ACV's marketplace.

Operates within ACV's remarketing-center network.

On June 17, 2024, we completed the acquisition of all of the ownership interest of Indiana Auto Auction for total cash consideration of $51.5 million.ACV Auctions FY2024 Form 10-K, Business Combinations note

Advisory firms were not disclosed for this transaction.

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