CD&R has completed the acquisition of BCA, Europe’s leading vehicle auctions and remarketing company.
With 45 remarketing centers spread across 12 countries, BCA annually sells over £4 billion of used vehicles, ranging from nearly-new and ex-lease stock to budget and older vehicles. In addition to selling vehicles through physical auctions, BCA is experiencing significant growth from its online offering, and expects this to continue in the future.
BCA also provides a variety of additional services to its customers including collections, deliveries, vehicle inspection, storage and vehicle preparation and cleaning. BCA serves the entire used vehicle buying community and this year has had more than 70,000 active buyers in the UK alone. It sells vehicles on behalf of a wide range of vendors including dealers, leasing companies, manufacturers and rental companies.
CD&R Operating Partner Fred Kindle will serve as Chairman of BCA and Jon Olsen will continue in his role as Chief Executive Officer of the Company.
CD&R recently completed an investment in JohnsonDiversey, Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions, as part of a broader recapitalization of the company valued at $2.6 billion, as well as a $250 million investment in NCI Building Systems (NYSE: NCS), one of North America’s largest integrated manufacturers of metal products for the nonresidential building industry.