Genstar looking to divest automotive software company OEConnection
The sale could value the company at up to $5bn, including debt, sources told the news agency.
The sale process for OEConnection, which is also backed by automotive giants Ford and General Motors (GM), is expected to commence later in the year.
Evercore, an investment banking advisory firm, has been engaged by Genstar to provide counsel on the sale.
Genstar Capital declined to comment on the potential sale, and representatives from Evercore and OEConnection were not immediately available for comment, the report said.
Genstar Capital acquired OEConnection in 2019 from fellow private equity firmProvidence Equity.
As part of the 2019 acquisition, Ford and GM retained minority stakes in OEConnection.
The sources, who wished to remain anonymous, indicated that OEConnection could fetch a valuation of more than 20 times its earnings before interest, taxes, depreciation, and amortisation (EBITDA).
Ohio, US-based OEConnection was founded in 2000, and specialises in software systems that support the sale and distribution of original equipment manufacturer (OEM) replacement parts.
These systems are used by dealerships, suppliers, and repair shops to streamline their operations. The company is reported to have an EBITDA of $200m and annual revenues amounting to $400m.
In 2001, OEConnection introduced CollisionLink, an online tool designed to enable repair shops to purchase OE parts from dealership inventories.
Following this, the company rolled out D2DLink, a system that networked dealers across the country, expanding the OEC dealer network from 500 to 10,000.
Genstar Capital has over three decades of experience in investing in "high quality" companies.
The firm, established in 1988, has nearly $50bn of assets under management and focuses on investments in specific sectors, including financial services, software, industrials, and healthcare.
"Genstar looking to divest automotive software company OEConnection – report" was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Here's the Salary You Need So You Are Not Just Surviving in America's 50 Biggest Cities
There's getting by in the big city, and there's living comfortably. There's also how you define 'comfortably' when it comes to your annual income. Read Next: Find Out: Bringing in twice the average annual cost of living is one measure. Among the 50 most populous U.S. cities, that means making anywhere from $63,000 a year to $280,000. To give you an idea of how much you'll need to live comfortably in each of these cities, GOBankingRates has blended data from the U.S. Census, Zillow, and the Federal Reserve. The comfortable salary needed for each city has been calculated by doubling the cost of living. Here's a list of the 50 most populous U.S. cities, counting down from No. 50 to No. 1. In addition to the salary needed to live comfortably, we've included population, the average annual cost of living, and other details for each city: 50. Aurora, Colorado Population: 390,201 Annual cost of living: $59,176 Comfortable salary needed: $118,351 You'll find Aurora just east of Denver. As of May 2025, a single-family home here is worth about $500,000 on average. Learn More: Check Out: 49. Tampa, Florida Population: 393,389 Annual cost of living: $51,976 Comfortable salary needed: $103,953 You can still find single-family homes in Tampa for less than $400,000, with the average value sitting at $395,000 as of earlier this year. The median household income of around $71,000 is significantly lower than the 'comfortable' salary of about $104,000. Try This: 48. Arlington, Texas Population: 394,769 Annual cost of living: $46,645 Comfortable salary needed: $93,290 The seventh most populous city in Texas, Arlington has a median household income of $72,000 a year. Single-family homes here are worth $321,000 on average, slightly less than nearby Dallas. 47. Wichita, Kansas Population: 396,488 Annual cost of living: $36,221 Comfortable salary needed: $72,443 Single-family homes in Wichita will cost you less than most of the other cities in our list, with average values coming in around $200,000. Wichita's household median income sits around $63,000 a year. 46. Bakersfield, California Population: 408,366 Annual cost of living: $51,677 Comfortable salary needed: $103,354 Bakersfield gets a livability score of just 57 from AreaVibes, second lowest among the cities in this list. A single-family home here is still worth about $400,000 on average, and the median household income sits at $77,000. Bakersfield gets a livability score of just 57 from AreaVibes, second lowest among the cities in this list. A single-family home here is still worth about $400,000 on average, and the median household income sits at $77,000. 45. Tulsa, Oklahoma Population: 412,322 Annual cost of living: $37,755 Comfortable salary needed: $75,511 Among the 50 most populous cities in the U.S., Tulsa is the only city that showed a slight decrease in percentage of residents age 65+, between 2022 and 2023. Tulsa's household median income comes in around $58,000. 44. Minneapolis Population: 426,845 Annual cost of living: $47,579 Comfortable salary needed: $95,158 Minnesota's most populous city has a median household income around $80,000. The average single-family home here is worth $358,000. For You: 43. Oakland, California Population: 438,072 Annual cost of living: $84,401 Comfortable salary needed: $168,802 The average value of single-family homes in Oakland has dipped by about $70,000 over the past year, the largest decrease among major U.S. cities. That average value still sits at $829,000, however. The median household income here is $97,000. 42. Miami Population: 446,663 Annual cost of living: $73,432 Comfortable salary needed: $146,863 As of last May, a single-family home in Miami is worth around $667,000. The median household income here comes in around $59,000, significantly lower than the average annual cost of living. 41. Virginia Beach, Virginia Population: 457,066 Annual cost of living: $53,483 Comfortable salary needed: $106,966 Virginia Beach saw a small population decline between 2022 and 2023. The median household income here is $92,000. 40. Long Beach, California Population: 458,491 Annual cost of living: $91,653 Comfortable salary needed: $183,305 Long Beach's percentage of residents age 65 and up ticked up 0.7% between 2022 and 2023 — the largest increase in our list. The median household income here is around $84,000. 39. Raleigh, North Carolina Population: 470,763 Annual cost of living: $54,114 Comfortable salary needed: $108,228 Raleigh gets a livability score of 84 from AreaVibes, tied for the highest among the 50 most populous U.S. cities. As of last May, the average single-family home here was worth $484,000. Trending Now: 38. Colorado Springs, Colorado Population: 483,099 Annual cost of living: $54,413 Comfortable salary needed: $108,827 You'll find Colorado Springs about 70 miles south of Denver in central Colorado. The median household income in Colorado Springs is $83,000, around $8,000 less than Denver. 37. Omaha, Nebraska Population: 488,197 Annual cost of living: $43,496 Comfortable salary needed: $86,991 You can still find single-family homes for less than $300,000 in Omaha, with average values sitting at $295,000 as of last May. Omaha's median household income is $73,000. 36. Atlanta Population: 499,287 Annual cost of living: $56,838 Comfortable salary needed: $113,676 The capital of Georgia — and the unofficial capital of the South — has a household median income of $82,000. Single-family homes here are worth $456,000 on average. 35. Mesa, Arizona Population: 507,478 Annual cost of living: $55,442 Comfortable salary needed: $110,884 Fast-growing Mesa saw a 17 percent increase in population age 65+ from 2022 to 2023, the second highest jump among the cities in our list. The median household income in Mesa is around $79,000, and the average single-family home is valued at $454,000. 34. Kansas City, Missouri Population: 508,233 Annual cost of living: $40,452 Comfortable salary needed: $80,905 Single-family homes in Kansas City are relatively affordable compared to most of the other cities in our list, with average values of just over $250,000. Kansas City's median household income is about $67,000. Explore More: 33. Sacramento, California Population: 524,802 Annual cost of living: $60,000 Comfortable salary needed: $120,000 California's capital city has a median household income of $84,000. The average value of single-family homes here ($497,000) is much lower than it is in the state's other major cities. 32. Tucson, Arizona Population: 543,348 Annual cost of living: $45,904 Comfortable salary needed: $91,808 Tucson's household median income is $55,000, the fourth lowest among the 50 most populous U.S. cities. A single-family home in Tucson is valued at $342,000 on average. 31. Fresno, California Population: 543,615 Annual cost of living: $51,638 Comfortable salary needed: $103,276 AreaVibes gives Fresno a livability score of 63, the second lowest among the 50 most populous U.S. cities. Still, its population ticked up 0.4% between 2022 and 2023. 30. Albuquerque, New Mexico Population: 562,488 Annual cost of living: $45,349 Comfortable salary needed: $90,698 Just over 17% of Albuquerque's residents are age 65 and up, the third highest percentage among the cities in our list. The median household income here comes in at $66,000. 29. Milwaukee Population: 569,756 Annual cost of living: $38,219 Comfortable salary needed: $76,438 Among the 50 most populous U.S. cities, Milwaukee has the third-lowest household median income — $52,000. Single-family homes in Milwaukee are worth $221,000 on average, and the median household income is around $52,000. Be Aware: 28. Baltimore Population: 577,193 Annual cost of living: $37,306 Comfortable salary needed: $74,612 Baltimore's population declined 1.3% between 2022 and 2023, the second largest drop among the cities in our list. As of last May, the average value of a single-family home in Baltimore was $187,000. 27. Memphis, Tennessee Population: 629,063 Annual cost of living: $32,690 Comfortable salary needed: $65,381 Memphis has the second-lowest median household income ($51,000) among the 50 most populous U.S. cities. Its 'comfortable' salary is the second lowest in our list. 26. Detroit Population: 636,644 Annual cost of living: $31,609 Comfortable salary needed: $63,217 Detroit's household median income of $40,000 is the lowest among the 50 most populous U.S. cities, and its 'comfortable' salary is the lowest in GBR's list. Single-family homes in the Motor City are valued at $78,000 on average. 25. Portland, Oregon Population: 642,715 Annual cost of living: $64,008 Comfortable salary needed: $128,016 The average value of a single-family home in Oregon's largest city comes in around $570,000. Portland's median household income is $89,000. 24. Las Vegas Population: 650,873 Annual cost of living: $57,400 Comfortable salary needed: $114,800 Las Vegas saw a population increase of about 1% from 2022 to 2023. The average value of a single-family home here was $462,000 as of last May. Read More: 23. Boston Population: 663,972 Annual cost of living: $86,439 Comfortable salary needed: $172,878 The median household income in Massachusetts' capital city is $95,000. Single-family homes in Boston are worth $859,000 on average. 22. Washington, D.C. Population: 672,079 Annual cost of living: $80,645 Comfortable salary needed: $161,289 The nation's capital has the fourth highest median household income in this list, coming in at $106,000. Single-family homes here are worth $772,000 on average. 21. El Paso, Texas Population: 678,147 Annual cost of living: $38,249 Comfortable salary needed: $76,497 Single-family homes in El Paso are worth $232,000 on average, one of the lowest figures among the 50 most populous U.S. cities. El Paso's median household income is $59,000. 20. Oklahoma City Population: 688,693 Annual cost of living: $37,609 Comfortable salary needed: $75,219 Single-family homes in Oklahoma City are relatively inexpensive compared to other major U.S. cities, with average values at $208,000. Oklahoma City's median household income sits at $67,000. 19. Denver Population: 713,734 Annual cost of living: $65,461 Comfortable salary needed: $130,921 The Mile High City has a median household income of $92,000. The average value of a single-family home in Denver has inched above $600,000. Consider This: 18. Seattle Population: 741,440 Annual cost of living: $92,061 Comfortable salary needed: $184,122 The average value of a single-family home in Seattle has reached $969,000 — the fifth highest among the 50 most populous U.S. cities. Seattle's median household income is $122,000. 17. San Francisco Population: 836,321 Annual cost of living: $129,872 Comfortable salary needed: $259,745 Famously expensive San Francisco has the second highest 'comfortable' salary needed in our list, along with the second highest median household income ($141,000). Single-family homes here are worth a whopping $1.4M on average. The City by the Bay saw a population decrease of 1.7% between 2022 and 2023 — the steepest drop among the 50 most populous U.S. cities. 16. Indianapolis Population: 882,043 Annual cost of living: $38,606 Comfortable salary needed: $77,212 As of last May, the average value of a single-family home in Indiana's capital stood at $238,000. The median household income in Indianapolis comes in around $63,000. 15. Charlotte, North Carolina Population: 886,283 Annual cost of living: $51,765 Comfortable salary needed: $103,530 North Carolina's largest city saw a 1.3% population bump between 2022 and 2023. The average value of a single-family home here is $414,000, and the median household income is $78,000. 14. Columbus, Ohio Population: 906,480 Annual cost of living: $41,226 Comfortable salary needed: $82,452 Ohio's capital has an average single-family home value of $273,000 and a median household income of $66,000. Learn More: 13. Fort Worth, Texas Population: 941,311 Annual cost of living: $45,555 Comfortable salary needed: $91,110 Fort Worth's population jumped nearly 2% between 2022 and 2023, the largest increase among the cities in our list. The average value of a single-family home in Fort Worth is just over $300,000. 12. Jacksonville, Florida Population: 961,739 Annual cost of living: $44,731 Comfortable salary needed: $89,462 Jacksonville's AreaVibes livability score of 84 is tied for the highest in our list. The household median income here is $67,000, and the average single-family home is valued at just over $300,000. 11. Austin, Texas Population: 967,862 Annual cost of living: $62,863 Comfortable salary needed: $125,726 Austin is a young city, with only about 10% of its population age 65 and up. That's the lowest percentage among cities in this list. Single-family homes in Austin are worth $592,000 on average — about $35,000 less than a year ago. 10. San Jose, California Population: 990,054 Annual cost of living: $140,115 Comfortable salary needed: $280,229 Among the most populous U.S. cities, it doesn't get much more expensive than San Jose. This Silicon Valley city tops our list for annual cost of living, 'comfortable' salary needed, median household income ($142,000), and average single-family home value ($1.6M). 9. Dallas Population: 1,299,553 Annual cost of living: $47,589 Comfortable salary needed: $95,177 'Big D' is the third most populous city in Texas, trailing only San Antonio and Houston. Single-family homes in Dallas are worth $332,000 on average, and the median household income is $68,000. Check Out: 8. San Diego Population: 1,385,061 Annual cost of living: $106,761 Comfortable salary needed: $213,522 Sunny San Diego's 'comfortable' salary is the third-highest among the 50 most populous U.S. cities. Single-family homes here are worth $1.2M on average. 7. San Antonio Population: 1,458,954 Annual cost of living: $40,362 Comfortable salary needed: $80,724 San Antonio's median household income sits at $63,000. The average single-family home here is valued at $258,000. 6. Philadelphia Population: 1,582,432 Annual cost of living: $42,610 Comfortable salary needed: $85,220 Philadelphia saw a population decrease of 0.7% between 2022 and 2023. The household median income here comes in around $61,000. 5. Phoenix Population: 1,624,832 Annual cost of living: $54,082 Comfortable salary needed: $108,164 Arizona's capital saw a population increase of about 1% from 2022 to 2023. Its median household income sits at $77,000, and single-family homes here are valued at $429,000 on average. 4. Houston Population: 2,300,419 Annual cost of living: $43,438 Comfortable salary needed: $86,876 Sprawling Houston, one of four U.S. cities with a population over 2 million, has a median household income of $63,000. As of last May, single-family homes in Houston were worth $278,000 on average. Read More: 3. Chicago Population: 2,707,648 Annual cost of living: $46,725 Comfortable salary needed: $93,450 The Windy City's median household income comes in around $75,000. Single-family homes in Chicago are worth $315,000 on average. 2. Los Angeles Population: 3,857,897 Annual cost of living: $100,266 Comfortable salary needed: $200,532 The nation' second-most populous city gets a livability score of 67 from AreaVibes, the third-lowest score in our list. A single-family home in LA is still worth $1M on average. 1. New York Population: 8,516,202 Annual cost of living: $92,576 Comfortable salary needed: $185,152 New York City's 1.2% population decline between 2022 and 2023 was the third highest among the 50 most populous U.S. cities. The Big Apple's average annual cost of living (about $93,000) is significantly higher than its median household income ($80,000). Ashleigh Ray and Sydney Champion contributed to the reporting for this article. Methodology: For this study, GOBankingRates analyzed the 50 largest U.S. cities by population and determined the salary needed to live comfortably in each location. GBR determined the top 50 cities by population using the U.S. Census American Community Survey (the most recent available). Using the same survey, GBR sourced 2023 and 2022 data for the total population, population age 65 and over, total households, and household median income. One-year changes in percent and amount were calculated for each variable. The single-family home value was sourced from the Zillow Home Value Index from May 2025 and May 2024. By assuming a 10% downpayment and using the national 30-year fixed mortgage rate of 6.75 as sourced on July 21 from Federal Reserve Economic Data, the average mortgage cost was calculated. With the average mortgage cost and average expenditure cost, the average total cost of living was calculated for each city. Using the 50/30/20 rule, which states that needs should not exceed 50% of total household income, the total cost of living was doubled to find the comfortable cost of living. The cities were then sorted to show the largest one-year increase in total population. All data is up to date as of July 21, 2025. More From GOBankingRates How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on Here's the Salary You Need So You Are Not Just Surviving in America's 50 Biggest Cities Sign in to access your portfolio Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
The three-year shareholder returns and company earnings persist lower as Bath & Body Works (NYSE:BBWI) stock falls a further 6.5% in past week
Many investors define successful investing as beating the market average over the long term. But if you try your hand at stock picking, you risk returning less than the market. Unfortunately, that's been the case for longer term Bath & Body Works, Inc. (NYSE:BBWI) shareholders, since the share price is down 20% in the last three years, falling well short of the market return of around 57%. Even worse, it's down 13% in about a month, which isn't fun at all. After losing 6.5% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the three years that the share price fell, Bath & Body Works' earnings per share (EPS) dropped by 4.3% each year. This reduction in EPS is slower than the 7% annual reduction in the share price. So it seems the market was too confident about the business, in the past. The less favorable sentiment is reflected in its current P/E ratio of 7.50. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. It might be well worthwhile taking a look at our free report on Bath & Body Works' earnings, revenue and cash flow. What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of Bath & Body Works, it has a TSR of -14% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! A Different Perspective While the broader market gained around 23% in the last year, Bath & Body Works shareholders lost 6.3% (even including dividends). Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 8%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Bath & Body Works better, we need to consider many other factors. Take risks, for example - Bath & Body Works has 3 warning signs (and 1 which can't be ignored) we think you should know about. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
8 minutes ago
- Yahoo
Putin meets Trump envoy as Ukraine peace deadline looms
Vladimir Putin met Thursday with U.S. envoy Steve Witkoff amid President Donald Trump's looming Friday deadline for the Russian strongman to start talking peace with Ukraine. Trump hailed the meeting as 'highly productive' and claimed 'great progress' was made, without elaborating. 'Everyone agrees this war must come to a close, and we will work towards that in the days and weeks to come,' Trump posted on his social media site. The president didn't mention his deadline for Putin to start taking unspecified steps toward ending his war with Ukraine, raising obvious questions about whether the threat is still hanging over the Kremlin. A Kremlin spokesman said the meeting lasted three hours and was 'useful and constructive.' The spokesman suggested Putin presented some kind of proposal for Witkoff to convey to Trump, but did not elaborate. Trump last week set a stricter deadline of '10 or 12 days' for Putin to wind down the war against Ukraine or start peace negotiations and threatened 'severe tariffs' and other economic penalties against Russia and its economic partners if it refuses. Moscow had so far shrugged off Trump's deadline as empty bluster, noting that he has given numerous previous ultimatums on various issues that turned out to be toothless threats. Russia believes it has the upper hand on the battlefield, at least in the short and medium term, giving it little reason to agree to even a brief ceasefire. Its troops have made modest advances along the long front line in Ukraine's eastern Donbas region and ousted Ukrainian troops from a sliver of a Russian border territory that they had previously seized. Russia has also mounted increasingly deadly missile and drone attacks on Ukrainian civilian targets. Earlier, Witkoff took an early morning stroll in Moscow with Kirill Dmitriev, the Russian president's envoy for investment and economic cooperation, which was captured in footage aired by a Russian news agency. Dmitriev played a key role in three rounds of direct talks between delegations from Russia and Ukraine, as well as discussions between Russian and U.S. officials. The negotiations made no progress on ending the three-year war following Russia's invasion of its neighbor. Trump has recently flip-flopped to a much harsher stance on Russia after seeing Putin spurn his demands for concessions for months. But Trump has shown himself to be unwilling to take a firm stance of defending Ukraine and sticking to it, giving Putin an incentive to wait out any threats. The new deadline and threat to impose 'secondary sanctions' on nations that buy Russian energy, like India, China and Turkey, are particularly problematic because those economic powerhouses have no control over Russia's stance on Ukraine. They are unlikely to cut economic ties with Moscow in response to such U.S. demands, especially when Trump himself was cozying up to Putin just a few weeks ago. The White House announced it is tacking on a new 25% tariff on products imported from India, raising the total tax to 50%, which suggests it doesn't consider Putin has met the deadline.
