Winston Wins Energy & Industrials Deal of the Year (Middle Market) Award During the 2021 Deal Awards

Winston & Strawn was named winner of the Energy & Industrials Deal of the Year (Middle Market) during The Deal Awards 2021, an event that recognizes and celebrates the advisers, professionals, firms, and banks driving the market forward.

The following is a summary of the firm's winning deal:

Winston & Strawn represented KAR Auction Services, Inc., d/b/a/ KAR Global (NYSE: KAR) in its $425 million acquisition of BacklotCars Inc. BacklotCars is a Missouri-based app and web-based dealer-to-dealer wholesale platform featuring a 24/7 "bid-ask" marketplace and comprehensive vehicle inspections performed by automobile mechanics. The acquisition will further diversify KAR's broad portfolio of digital capabilities and accelerate the company's strategy to be a leading digital dealer-to-dealer marketplace provider. KAR Global is based in Indiana and provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR's unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services.

To learn more about The Deal Awards, click here.