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Capstreet-Backed Tradepending Acquires Autoapr

Mar 02, 2022•almost 4 years ago

Acquiring Company

TradePending

Acquired Company

AutoAPR

CarrboroSoftware Development

Description

TradePending, a provider of vehicle valuation and merchandising software solutions to car dealerships, announced today that it has acquired AutoAPR, a provider of website engagement tools for the automotive, power sports, RV, and marine industries. Financial terms of the transaction were not disclosed. TradePending is backed by The Capstreet Group ("Capstreet"), a Houston-based lower middle market private equity firm.

Company Information

Company

TradePending

Location

Carrboro, North Carolina, United States

About

We build software for car dealers, and we’re on a mission to bridge the communication gap between dealers and consumers. It ain’t easy, but we love it. Check out all of our products at tradepending.com because, let’s face it, no one ever bought software by reading a company’s social media description about themselves. You’re here for the good times and scrolling, right? We’re known for being great at website conversion, sales enablement, and communication through the lenses of vehicle valuations, payments, inventory merchandising, and video. You can reach our sales team at 919-249-8795 and sales@tradepending.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed