M&A

Sun Auto Network expands in Tennessee with Murfreesboro acquisition

What's the deal? Sun Auto Network has acquired an automotive service location in Murfreesboro, Tennessee, expanding its footprint in the state. The deal signals the company's continued push into the southeastern US market.

Why now? Murfreesboro is one of the fastest-growing cities in Tennessee, sitting just outside Nashville. Sun Auto Network has been on an acquisition spree to build out its national network of automotive service centres, and the Nashville metro area represents a high-growth opportunity.

The signal: The automotive aftermarket industry continues to consolidate as platform companies like Sun Auto Network roll up independent shops. With the average age of vehicles on US roads at a record high, demand for maintenance and repair services keeps climbing — making regional expansion a logical bet.

Read more: prnewswire.com

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