ACV acquires MAX Digital for $60M; expands data and inventory capabilities

ACV Auctions Inc.

Transaction valued at $60 million; MAX Digital's FirstLook IMS platform acquired.
MAX Digital will operate as a separate business unit; former CEO Robert Granados to lead.
Acquisition expected to be neutral to ACV's Adjusted EBITDA in 2021.
Deal builds on ACV's data strategy; adds pricing guidance and merchandising tools.

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