AutoNation Ramps Up After-Sales Business With $190M RepairSmith Acquisition

  • AutoNation Inc AN has agreed to acquire RepairSmith, a Los Angeles-based full-service mobile solution for automotive repair and maintenance company, for $190 million.
  • RepairSmith has a significant operational footprint in the southern and western U.S. 
  • RepairSmith offers customers the convenience of services and repairs at their home, workplace, or on-site for fleet vehicles. 
  • AutoNation will utilize RepairSmith as a resource for reconditioning and internal services to increase speed to frontline readiness and expedite vehicle delivery to customers.
  • "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,” said CEO Mike Manley.
  • AutoNation held $442.9 million in cash and equivalents as of September 30, 2022.
  • Price Action: AN shares are trading higher by 0.98% at $117.38 on the last check Monday.
  • Photo Via Wikimedia Commons
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