Deloitte Corporate Finance LLC Advises AutoSource Motors LLC in its Majority Sale to ONCAP
CHICAGO, Oct. 29, 2018 — Deloitte Corporate Finance LLC acted as exclusive financial advisor to AutoSource Motors LLC (AutoSource), a Woods Cross, Utah-based branded title dealership, covering today’s top vehicle models and manufacturers across eight dealerships located in the western United States, in its majority sale to ONCAP (ONCAP), a Toronto-based private equity firm. The transaction closed May 2, 2018.
With more than 25,000 vehicle retail sales to date, AutoSource has taken the branded title used car, truck, van and SUV segment to mainstream retail customers, leveraging its proprietary solutions and data to provide a quality experience and full transparency throughout the sale process.
“Deloitte Corporate Finance did an outstanding job assisting our team in finding a financial partner with deep experience in the automotive space that could also enhance our growth strategy,” said Luke Kjar, founder
“AutoSource benefits today from years spent breaking down longstanding industry barriers and trailblazing the branded title retail space,” said Tony Blanchard, managing director, Deloitte Corporate Finance LLC. “AutoSource and ONCAP have an enormous opportunity in front of them to introduce a unique value proposition to customers nationwide.”
About AutoSource Motors LLC
AutoSource is one of the largest branded title
ONCAP is the mid-market private equity platform of Onex. ONCAP, in partnership with operating company management teams, invests in and builds shareholder value in North American small and mid-size companies that are leaders in their defined market niche and possess meaningful growth potential. For more information on ONCAP, visit its website at www.oncap.com.
Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms,
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and