January 28, 2023


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Wrench Acquires Mobile Vehicle Repair Network YourMechanic

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Wrench expands its place as the premier mobile company market to get rid of the hassles of auto ownership.

SEATTLE, June 2, 2022 /PRNewswire/ —┬áMobile motor vehicle providers and technology marketplace Wrench has accomplished the acquisition of cell automobile fix community YourMechanic. The combined business will attain more than 35,000 zip codes and deliver solutions to extra than 20,000 private and fleet automobiles per month. The terms of the acquisition are confidential.

Wrench, Inc. https://wrench.com/ (PRNewsfoto/Wrench, Inc.)

“This is a sizeable milestone for Wrench as it adds additional automotive professionals to our market and enables us to expand on our means to supply the versatility and trustworthy assistance that present day car owner expects,” Wrench CEO Ed Petersen stated. “By welcoming the YourMechanic ecosystem to Wrench, we are increasing what was previously the biggest mobile car or truck service community in existence. This network of extremely competent professionals offers our prospects the ease and comfort in recognizing they can agenda the company they need, when and wherever they require it.”

YourMechanic launched in 2012 and acquired enterprise backing from Andreessen Horowitz, Softbank and other folks. It has extra than 350 specialists in 30 states offering solutions to much more than 290,000 prospects.

YourMechanic strengthens the depth of companies and provider providers for the Wrench community. It adds 16 new distinctive markets and more than 10,000 zip codes to the space that Wrench can assistance as effectively as expands the ability of Wrench to present far more sturdy services capabilities to buyers and fleets across the country.

This acquisition arrives at an opportune time with increasing desire in the vehicle fix industry. The ordinary age of vehicles in the US rose to 12.2 a long time and this is the fifth consecutive calendar year that age has climbed. More mature vehicles need to have much more regular maintenance and assistance, but that services can be tough to locate. The normal value per support has also risen extra than 30% more than the final 4 decades. Wrench is in a excellent position to capitalize on this progress by owning the skill to routine providers when and where by they are essential, car homeowners and fleet professionals can stay in entrance of their assistance needs.

Far more than 75% of consumers never rely on maintenance outlets. And 91.8% of vehicle owners have delayed a desired repair service with more than fifty percent of them delaying support for the reason that they are much too active. Wrench solves the two of individuals problems. Wrench provides car homeowners and fleet supervisors an prompt and clear selling price quotation with the ability to program a technician on their program. The expanded capabilities that the YourMechanic system delivers signifies that Wrench’s fleet and strategic company associates can be certain support is obtainable as properly.

“This acquisition also permits us to increase the help we give to our strategic associates these kinds of as Carvana, SilverRock, Geico, Tesla, and Firestone Total Car Care in even additional areas letting our partners to provide our headache no cost in-home company to even much more of their customers,” Petersen reported. “Wrench is at the forefront of the cell auto services sector. But we are also at the forefront of the have faith in marketplace and we seem forward to showing far more car or truck homeowners what a excellent mechanic knowledge feels like.”

To get company nowadays, remember to check out wrench.com.

About Wrench:
Wrench is the most significant automotive providers marketplace in the US with a mission to just take the headache out of all levels of motor vehicle possession. From pre-invest in applied auto inspections to in depth upkeep and repair service carried out at the owner’s spot, Wrench’s know-how system gives shoppers with upfront pricing, ASE-accredited technician matching, and versatile scheduling.

Wrench is privately held and headquartered in Seattle, WA, with investments from Madrona Venture Group, Tenaya Cash, Vulcan Cash, Bridgestone Americas, and Marubeni Corporation. Find out extra at www.wrench.com and www.lemonsquad.com.

Cision Perspective unique articles to down load multimedia:https://www.prnewswire.com/news-releases/wrench-acquires-mobile-automobile-mend-community-yourmechanic-301560120.html

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