Online Automotive Retailer Vroom Successfully Completes Acquisition Of United Auto Credit Corporation
Acquiring Company
Vroom
Acquired Company
United Auto Credit Corporation
HoustonInformation TechnologyCommerce and ShoppingTransportationMedia And EntertainmentFood And BeverageDescription
Vroom (NASDAQ: VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced the successful completion of its acquisition of United Auto Credit Corporation (UACC), a proven leader in automotive finance. The acquisition accelerates Vroom’s strategy of establishing a captive finance arm to support sales growth, improve unit economics and create long-term value for Vroom’s shareholders.
Quick answer
Vroom is acquiring United Auto Credit Corporation, announced February 1, 2022. Vroom is based in Houston, Texas, United States.
- How much did Vroom pay for United Auto Credit Corporation?
- The deal value was not disclosed.
- What does Vroom do?
- Vroom is an innovative, end-to-end ecommerce platform designed to offer a better way to buy and a better way to sell used vehicles.
- Where are Vroom and United Auto Credit Corporation based?
- Vroom is based in Houston, Texas, United States.
- Who are the decision-makers at Vroom?
- Fundz holds 1 contact at Vroom. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired United Auto Credit Corporation?
United Auto Credit Corporation was acquired by Vroom, based in Houston. The deal was reported on February 1, 2022. Vroom is an innovative, end-to-end ecommerce platform designed to offer a better way to buy and a better way to sell used vehicles. Vroom is publicly traded (VRM) and operates in Information Technology.
When did Vroom acquire United Auto Credit Corporation?
Vroom's acquisition of United Auto Credit Corporation was reported on February 1, 2022. Vroom (NASDAQ: VRM), an innovative ecommerce platform that offers a better way to buy and sell used vehicles, today announced the successful completion of its acquisition of United Auto Credit Corporation (UACC), a proven leader in automotive finance. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does United Auto Credit Corporation do?
UACC is a leading, nationwide technology-enabled non-prime auto lender serving the independent dealer market. It is privately held, operating in Media And Entertainment.
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