Crestview Invests in AutoLenders

By Staff Writer April 20, 2021

Crestview Partners announced a majority investment into AutoLenders, a leading regional platform for financing, buying and selling automobiles with approximately $700 million in annual revenues. Headquartered in Berlin, N.J., AutoLenders manages a $1 billion portfolio of new automobile leases, acquiring vehicles directly from consumers and operating previously owned dealerships in New Jersey and Pennsylvania. With Crestview's investment and support, AutoLenders expects to continue to expand its operations throughout the east coast.

“Our strategy has always been for AutoLenders to provide market-leading service and innovative products to our customers,” said Mike Wimmer, founder and CEO of AutoLenders. “By creating a data-driven and customer-centric business, AutoLenders has been able to expand at multiples of the industry growth rate and become a leading player in our geographies.

“We are extremely pleased to be partnering with Crestview on this next step of the company's journey. They are experienced investors with a history of backing businesses poised for growth beyond their core geographies.”

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Last modified on Tuesday, 20 April 2021 12:58