Home > M&A deals 2020 > Spectrum Automotive Holdings Corp. acquires CARS Protection Plus, Inc
Secondary Buyout · Automotive · October 2020

Spectrum Automotive Holdings Corp. acquires CARS Protection Plus, Inc

On October 1, 2020, Spectrum Automotive Holdings Corp. acquired CARS Protection Plus, Inc, an automotive company in Pennsylvania, United States, from Summit Park Partners LLC and Stellus Capital Management.

Deal at a glance

AnnouncedOctober 1, 2020 TypeSecondary Buyout TargetCARS Protection Plus, Inc Buyer Spectrum Automotive Holdings Corp. Sellers Summit Park Partners LLC
Stellus Capital Management SectorAutomotive LocationPennsylvania, United States ValueNot disclosed

Target company

CARS Protection Plus, Inc
Pennsylvania, United States
Automotivesector
-founded
Activestatus
View the company profile →

Buyer

Spectrum Automotive Holdings Corp.
Company · 2 deals on record
  • 1st transaction in automotive
  • 1st transaction in United States
2deals, all time
2in this sector
2020latest

Sellers (2)

Summit Park Partners LLC
Private equity firm · 13 deals on record
Stellus Capital Management
Private equity firm · 13 deals on record
13investments
1in this sector
5exits

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Questions about this deal

Who acquired CARS Protection Plus, Inc?Spectrum Automotive Holdings Corp. acquired CARS Protection Plus, Inc on October 1, 2020.

Who sold CARS Protection Plus, Inc?Summit Park Partners LLC and Stellus Capital Management were the sellers.

What type of deal was it?It was a secondary buyout in the automotive sector in 2020.

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