Exclusive financial advisor to Market Scan Information Systems, Inc.
KPMG Corporate Finance LLC acted as financial advisor to Market Scan Information Systems, Inc.
KPMG Corporate Finance LLC (“KPMG CF” or the “Firm”) is pleased to announce the sale of Market Scan Information Systems, Inc. (“Market Scan” or the “Company”) to S&P Global Inc. (“S&P Global”). The Firm assisted Market Scan in all facets of the transaction by providing investment banking services and introducing financial due diligence services and a quality of earnings analysis delivered by KPMG LLP. KPMG CF’s deep knowledge of automotive vertical software & intelligence paired with the precise messaging of Market Scan’s differentiated Automotive Payments as a Service (“APaaS”) platform created a highly competitive process, thus achieving a successful outcome for the client. The end result not only offered liquidity to Market Scan’s founder and CEO, Rusty West, but also led the client to the buyer that would be the “home” for the Market Scan team.
About Market Scan
Headquartered in Camarillo, CA, Market Scan is the industry-leading provider of automotive intelligence through its APaaS platform, which generates 250M+ Scientifically Perfect Payments each day for any conceivable automotive transaction and powers modern digital retailing solutions online and across 10K+ dealerships. Market Scan’s APaaS analytics and retailing solutions enable automotive dealers, lenders, manufacturers, technology companies, and marketing firms to improve profitability, gain market share, and provide customers with a vastly improved automotive retail experience.
“Being a 35 year old privately held technology company, we have been approached hundreds of times by various M&A firms. When we finally decided to explore selling our company, we did a “bake-off” amongst several of the most respected investment banking firms in the world. From our very first meeting, it was clear KPMG was the perfect fit for us. Their team was unbelievable!!! Absolute professionalism, drive, talent and passion is what we experienced with every member of their team. This process is not for the faint of heart; that said, with KPMG Corporate Finance by our side we obtained a result that checked every box. They exceeded our expectations every step of the way!!!”
– Rusty West, Founder & CEO, Market Scan
About S&P Global
S&P Global acquired Market Scan through its S&P Global Mobility division which is the global leader in credit ratings, benchmarks, analytics, and workflow solutions for the automotive, capital, and commodity markets. S&P Global Mobility provides invaluable insights derived from unmatched automotive data, enabling customers to anticipate change and make decisions with conviction.
KPMG Corporate Finance LLC
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.
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