RepairSmith acquired by AutoNation in $190M Deal

    Dec. 13, 2022

    The deal is expected to close a the end of Q1 2023. 

    1671732535219 Merger1

    Dec. 13 2022—RepairSmith, a mobile auto repair company, has been acquired by AutoNation, Inc.  

    According to the financial website, Seeking Alpha, the deal is expected to close a the end of Q1 2023 and is worth a reported $190 million. 

    “Earlier this year, we added captive financing capabilities and initiated the development of mobility solutions to expand our Customer offerings. RepairSmith is the next step in our plan,” CEO Mike Manley said. “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. 

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    Ratchet+Wrench Staff Reporters

    The Ratchet+Wrench staff reporters have a combined two-plus decades of journalism and mechanical repair experience.

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