Peddle 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
Peddle is an online car buying service that simplifies the process of selling used vehicles by offering instant cash offers. Founded with the goal of making vehicle selling more accessible and straightforward, Peddle operates a platform that connects sellers with a network of buyers, including dealerships and salvage yards. The platform is designed to offer competitive prices, quick transactions, and hassle-free pickups, providing a seamless experience for individuals looking to sell their cars. Product/Service Line Breakdown 1. Instant Cash Offers: Provides sellers with immediate cash offers for their vehicles based on market data and buyer demand. 2. Vehicle Pickup Services: Facilitates the free pickup of vehicles from the seller's location, typically within 48 hours of accepting the offer. 3. Online Platform for Vehicle Sales: A user-friendly website that allows sellers to input vehicle details and receive offers from Peddle's network of buyers. 4. Customer Support: Dedicated support team available to assist sellers throughout the selling process, including offer acceptance and vehicle pickup coordination.
Keywords
Keywords
Classified
Private