Houlihan Lokey Advises Shop-Ware

Houlihan Lokey is pleased to announce that Shop-Ware, a portfolio company of Insight Partners and The Bosch Group, has been acquired by Vehlo, a portfolio company of Greater Sum Ventures.

Shop-Ware is one of the preeminent names within automotive technology and a leading cloud-based shop management platform catering to independent repair shops within the automotive aftermarket. Shop-Ware equips shop owners with mission-critical tools that streamline workflows, enhance efficiencies, and drive profitability. Its suite of solutions includes a robust digital workflow tool to manage repair jobs, a technician app to seamlessly manage assignments, and its Digital Vehicle Experience that delivers transparency and customer satisfaction. Shop-Ware’s platform serves both individual location owners and multishop operators.

Insight Partners is a global software investor partnering with high-growth technology, software, and internet companies that are driving transformative change in their industries. As of December 31, 2023, the firm has more than $80 billion in regulatory assets under management. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 420,000 associates worldwide. The company generated sales of €92 billion in 2023. Its operations are divided into four business sectors: mobility solutions, industrial technology, consumer goods, and energy and building technology.

Vehlo is a distinguished leader in software and financial solutions for the automotive repair industry, serving both dealership service centers and independent repair shops. For dealership service departments, Vehlo offers a product suite designed to facilitate the entire service lane experience for customers, including retention-driving customer engagement and workflow automation, touchless mobile payments, valet pickup, and much more. Vehlo also offers solutions that support aftermarket repair operations at every touchpoint of the customer journey, including shop management software, digital vehicle inspection tools, and FinTech solutions that power SMS-integrated payments, small business loans, and repair financing.

Houlihan Lokey served as the exclusive financial advisor to Shop-Ware. This deal highlights Houlihan Lokey’s continued success as a leading advisor in the automotive technology space and to founder-led businesses.