Acquisition History / Endurion Capital / Connected Dealer Services (CDS)
Endurion Capital Acquires Connected Dealer Services (CDS)
Announced September 11, 2026 — US$~100M (unverified estimate)
What happened
Endurion Capital, led by Marcus Padmo Jörgensen and Tommy Högström, closed one of the largest deals in the search fund landscape, acquiring Connected Dealer Services, a California-founded provider of hardware-enabled software for automotive dealerships and lenders with approximately $80M in 2025 revenue and over $13M in EBITDA.
- Acquirer
- Endurion Capital
- Target
- Connected Dealer Services (CDS)
- Announced
- September 11, 2026
- Price
- US$~100M (unverified estimate)
- Industry
- Connected vehicle and dealer software
- Buyer type
- Private equity
- Fund vehicle
- Endurion Capital
- Backing investors
- Pacific Lake Partners, Ambit Partners, WSC & Company, Hadley Family Capital, Scipio, Moonbase Capital, Applied Equity Partners, Banyan Software Capital
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Endurion Capital acquire Connected Dealer Services (CDS)?
Endurion Capital acquired Connected Dealer Services (CDS) on September 11, 2026. This was Endurion Capital's 1st publicly tracked acquisition out of 1 we have on record.
How much did Endurion Capital pay for Connected Dealer Services (CDS)?
Endurion Capital paid US$~100M (unverified estimate) for Connected Dealer Services (CDS).
What does Connected Dealer Services (CDS) do?
Endurion Capital, led by Marcus Padmo Jörgensen and Tommy Högström, closed one of the largest deals in the search fund landscape, acquiring Connected Dealer Services, a California-founded provider of hardware-enabled software for automotive dealerships and lenders with approximately $80M in 2025 revenue and over $13M in EBITDA.
What other Connected vehicle and dealer software companies has Endurion Capital acquired?
Connected Dealer Services (CDS) is Endurion Capital's only publicly tracked acquisition in Connected vehicle and dealer software so far.