Kelley Blue Book for sale, sources say
Kelley Blue Book, the family-owned automotive information provider, has hired a bank for a sale, two bankers claiming knowledge of the situation told mergermarket.
JP Morgan was retained within the past few weeks for the sale process, one of the bankers said.
A spokesperson for the Irvine, California-based company declined comment. Kelley Blue Book was founded by Les Kelley in 1926 and its online arm, kbb.com, was launched in 1995.
The second banker said Kelley Blue Book is likely to be valued between USD 500m and USD 1bn.
Source: Kelley Blue Book for sale, sources say
JP Morgan was retained within the past few weeks for the sale process, one of the bankers said.
A spokesperson for the Irvine, California-based company declined comment. Kelley Blue Book was founded by Les Kelley in 1926 and its online arm, kbb.com, was launched in 1995.
The second banker said Kelley Blue Book is likely to be valued between USD 500m and USD 1bn.
Source: Kelley Blue Book for sale, sources say
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