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Wrench Acquires Mobile Vehicle Repair Network Yourmechanic

Jun 02, 2022•over 3 years ago

Acquiring Company

WRENCH, INC.

Acquired Company

YourMechanic

SeattleReal EstateCommerce And ShoppingProfessional ServicesInformation Technology

Description

Mobile vehicle services and technology marketplace Wrench has completed the acquisition of mobile vehicle repair network YourMechanic. The combined company will reach more than 35,000 zip codes and deliver services to more than 20,000 private and fleet vehicles per month. The terms of the acquisition are confidential.

Company Information

Company

WRENCH, INC.

Location

701 5TH AVE

Seattle, Washington, United States

About

Wrench is a nationwide marketplace that connects automotive experts to vehicle owners, removing the hassle of vehicle ownership through trust, transparency, and convenience. Wrench deploys certified experts, on-location, providing over 750 services from vehicle inspections to maintenance and repair, and everything in between. Wrench is a privately held company headquartered in Seattle, WA, with investments from prominent Venture Capital firms, including Madrona Venture Group, Vulcan Capital, Tenaya Capital, and Marubeni Corporation.

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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