Fenwick & West represented Xtime, Inc., a leading retention solution provider for the retail automotive industry, in its recently announced acquisition by Cox Automotive, a leading provider of vehicle remarketing services and digital marketing and software solutions for automotive dealers and consumers and a subsidiary of Atlanta-based Cox Enterprises. Financial terms of the transaction were not disclosed.
The acquisition expands Cox Automotive’s suite of solutions dealers need to run their businesses—from the front-end to the back-end and now positions the company to provide the modern dealership all of the tools needed to build and maintain long term relationships with their customers. More information about Xtime’s acquisition by Cox Automotive can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Matt Quilter, Kris Withrow, Ryan Slunaker and Mack Healy; executive compensation and employee benefits attorneys Scott Spector, Gerald Audant and Laura McIntyre; technology transactions attorneys Mark Ostrau, Ana Razmazma and Ethan Lee; and tax attorney Jay Cosel.