ADESA Acquires OpenLane for $210,000,000

  • Feed Type
  • Date
    8/15/2011
  • Company Name
    OpenLane
  • Mailing Address
    2200 Bridge Parkway Redwood City, CA 94065
  • Company Description
    OPENLANE, Inc. is a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada.
  • Website
    http://www.openlane.com
  • Transaction Type
    M&A
  • Transaction Amount
    $210,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition will be paid for with all cash.