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On the Record · Openlane

Openlane acquisitions, on the record

The businesses Openlane bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Manheim Canada
Word for word“In December 2023, the Company acquired Manheim Canada from Cox Automotive.” 10-K for 2023
acquisitionIn December 2023—
ADESA U.S. physical auction business
Word for word“The Company generated gross proceeds from the sale of the U.S. physical auction business of approximately $2.2 billion.” 10-K for 2023
divestiture—approximately $2.2 billion
automotive key business
Word for word“In December 2024, the Company completed the sale of its automotive key business for a purchase price of $ 79.8 million, net of transaction expenses.” 10-K for 2024
divestitureIn December 2024$ 79.8 million, net of transaction expenses
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$432.1 million—$269.6 million
2017-12-31$72.4 million—$130.7 million
2018-12-31$45.2 million$0$32.1 million
2019-12-31$120.7 million$0$142.6 million
2020-12-31$421 million$24.3 million$354.8 million
2021-12-31$521.8 million$2.2 million$447.2 million
2022-12-31$400,000$0—
2023-12-31$103 million$0$25.9 million
2024-12-31$0$79.8 million—
2025-12-31$0$0—

Deal filings since 2016

Read from Openlane’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.