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The McLean Group Advises RideScout on its Acquisition by Daimler Subsidiary car2go
MCLEAN, VA – September 3, 2014 – The McLean Group today announced that it
acted as a mergers and acquisitions (M&A) advisor to
RideScout
, a
1776
incubator
company, on its sale to
car2go North America LLC (car2go)
, a brand of
moovel
GmbH (moovel)
and wholly-owned subsidiary of
Daimler North America
Corporation (Daimler)
. Financial terms of the deal were not disclosed.
RideScout’s mobile app enables iOS and Android users to search and compare
real-time ground transportation options. Founded in 2011 by Army veterans,
Joseph Kopser and Craig Cummings, RideScout is available in 69 North American
cities and is actively expanding. Following the acquisition, RideScout will operate
as a subsidiary of car2go and moovel at the Company’s headquarters in Austin,
TX. Kopser and Cummings will continue to manage the business.
car2go is the largest, fastest-growing carsharing program in the world with more
than 850,000 registered members in 26 cities across the globe. It is a brand of the
mobile solutions provider, moovel and a subsidiary of Daimler (OTCMKTS:
DDAIY), one of the largest producers of premium cars and the world’s largest manufacturer of commercial
vehicles. Daimler’s current brand portfolio includes Mercedes-Benz, smart, Freightliner, Western Star,
BharatBenz, Fuso, Setra and Thomas Built Buses. In 2013, Daimler sold 2.3 million vehicles and employed a
workforce of 275,000 people; revenue totaled €118 billion and EBIT amounted to €10.8 billion.
“We are very pleased to welcome RideScout as a new member of the moovel family,” reports Robert Henrich,
CEO at moovel. “The acquisition of RideScout pushes our global strategy a significant step forward. We are
investing further in the development and growth of urban mobility in North America, Germany and other parts
of the world. Our mutual objectives are the expansion of our leadership role on the international market and to
continue our pioneering efforts to radically simplify the future of mobility.”
The McLean Group is a leading independent investment bank that provides M&A, business valuation and
strategic consulting services to middle market businesses. Our M&A advisory and valuation services reflect our
comprehensive industry knowledge, extensive transactional successes, commitment to provide senior-level
attention to every client engagement, and real-time understanding of industry-specific valuation drivers.
Through our commitment to partnering with clients and providing strategic advice throughout every phase of a
company’s development, The McLean Group is uniquely positioned to build lasting relationships and contribute
measurable value to each client’s long-term success.
