AutoNation Inc. has agreed to purchase RepairSmith, a cellular automotive restore and upkeep supplier. The $190 million deal, made public Monday, is anticipated to shut within the first quarter of 2023.

RepairSmith’s technicians come to a house or office to service particular person, dealership and fleet prospects, who can schedule appointments on-line. The enterprise additionally will assist AutoNation, the nation’s largest new-vehicle retailer, recondition automobiles and expedite supply.

RepairSmith, of Los Angeles, has operations in Arizona, California, Florida, Georgia, Nevada, Oregon, Texas and Washington. The corporate in August 2021 listed Mercedes-Benz and Porsche’s enterprise capital arm, Porsche Ventures, amongst its buyers.

“By offering an growth of our group’s capabilities, we not solely start to really leverage our scale, however most significantly provide an expanded vary of services and products that can enhance each buyer loyalty and deepen our share of our prospects’ household-related mobility spend,” AutoNation stated in a written assertion.

AutoNation CEO Mike Manley in October credited development in elements and repair and finance and insurance coverage as two of the parts fueling the corporate’s 4.5 p.c uptick in third-quarter income to $6.67 billion. The Fort Lauderdale, Fla., auto retailer in October bought auto finance firm CIG Monetary for $85 million. In November, AutoNation invested about $11.7 million to purchase a 6.1 p.c stake in car listings firm TrueCar Inc.

“RepairSmith is the following step in our plan,” Manley stated in a written assertion. “It expands AutoNation’s capability to penetrate the in depth after-sales service market and conveniently reply to our prospects’ wants by broadening the attain of our present after-sales community.”

AutoNation stated RepairSmith will service its present prospects and those that purchased automobiles outdoors the AutoNation dealership community. The retailer famous that though about 80 p.c of automobiles it sells are serviced yearly at franchised dealerships within the first three years of possession, that share drops sharply after the three-year mark.

AutoNation ranks No. 1 on Automotive Information’ listing of the highest 150 dealership teams primarily based within the U.S., with 262,403 new-vehicle retail gross sales in 2021.