$425M exit: BacklotCars selling to Indiana-based auto marketplace in ‘milestone event’ for KC

By Tommy Felts | September 8, 2020

Five years after turning its ignition, Kansas City-revved BacklotCars is being acquired in a historic $425 million deal. Carmel, Indiana-based KAR Auction Services agreed to purchase the company by the end of the year, the companies said Tuesday morning. “KAR Global is the most innovative and progressive digital remarketing company in the world, and their…

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