Autobase Acquired By Dominion Enterprises

Summary

 

- Autobase is the leading provider of CRM solutions for the automobile dealership industry

 

- Upon receiving in-bound interest from a strategic buyer, Autobase hired Montgomery to conduct a thorough review of strategic alternatives and perform a targeted market test

 

- Montgomery drove an accelerated process with multiple strategic bidders to maintain critical deal momentum and preserve confidentiality

 

- Autobase gives Dominion a CRM platform for the automobile industry that extends and complements Dominion’s core strength in automobile magazine publishing

 

Montgomery created a “win-win” situation:

 

- Montgomery created a competitive process that yielded the maximum value for shareholders while enabling the Company to partner with a buyer with a long-term vision to take Autobase to the next-level in its growth curve