Wilsonville, OR (October 6, 2020) – LeadVenture has officially announced the acquisition of Dealer Car Search, a significant move to broaden its digital service offerings into the pre-owned automotive sector. This strategic acquisition of Dealer Car Search provides LeadVenture with a robust platform to execute its growth strategy within the expanding pre-owned vehicle market.
Dealer Car Search has established itself as a leader over the past decade, delivering a comprehensive suite of technology solutions designed to drive revenue growth for over 6,000 pre-owned auto dealers. Renowned for its powerful digital storefront tools and exceptional customer support, Dealer Car Search has consistently earned the Dealer Satisfaction Award for six consecutive years. Under the LeadVenture umbrella, Dealer Car Search will maintain its operations as a top-tier provider of automotive retail websites and marketing services, continuing to serve its dedicated clientele. Portico Capital Securities acted as the exclusive financial advisor to Dealer Car Search in this transaction.
“We believe Dealer Car Search represents the most feature-rich platform with unparalleled value for dealerships specializing in pre-owned vehicles. We are excited to partner with their team of experts and innovators to accelerate our collective growth,” stated Tim MacDonald, CEO of LeadVenture. “As the leading digital solutions provider for dealers in our primary sectors, Dealer Car Search is the ideal platform to extend LeadVenture’s strategic vision and market presence into the used car market.”
The synergy between LeadVenture and Dealer Car Search is evident in their shared commitment to empowering local dealerships through advanced digital solutions. Both companies are recognized as premier providers of digital storefront, retail, and marketing services within their respective automotive segments. LeadVenture’s comprehensive digital toolkit offers a range of lead generation services, including live chat and text functionalities, e-commerce and inventory management systems, interactive 360-degree virtual vehicle tours, continuous ADA website compliance, and sophisticated digital marketing solutions tailored for dealers across various verticals.
“Being recognized by LeadVenture as a leader in the pre-owned auto retail industry is a great honor, and we are eager to expand our reach to even more dealers,” said Chris Wyndham, General Manager of Dealer Car Search. “We extend our sincere gratitude to the founder, Rick Wilson, and his wife, Stephanie Wilson, for their 14 years of unwavering dedication and leadership at Dealer Car Search. We are enthusiastic about building upon the strong foundation they have established. Dealer Car Search is built on the principles of ongoing innovation and superior customer service, and we are delighted to now be part of a company that shares these values.”
