American Credit Acceptance LLC
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
American Credit Acceptance LLC (ACA) is a financial services company founded in 2007 by George D. Johnson Jr., with its headquarters located in Spartanburg, South Carolina. The company operates as an indirect consumer finance firm, primarily managing relationships with franchise and independent automobile dealerships across the United States. ACA specializes in providing vehicle financing solutions for consumers who may have emerging or subprime credit profiles. Business/Product Breakdown American Credit Acceptance LLC provides subprime auto financing programs that enable dealerships to sell vehicles to a broader range of customers. The company offers an online customer portal where borrowers can manage their loans, view account details, and process payments. Its core service involves the purchase and servicing of non-prime retail automobile installment sales contracts, supported by a national network of dealer partners.
Keywords
Keywords
Classified
Private