Navigator Holdings
Chemical organization that provides global seaborne transportation offerings of liquefied petroleum gas.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| N/A | $5.5m | Growth Equity VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 150 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Navigator Holdings, LLC operates a vertically integrated business in the automotive sector, focusing on the sale and financing of used vehicles. The company's structure consists of two primary divisions: Navigator Dealer Group LLC, which manages a portfolio of independent automobile dealerships, and Navigator Acceptance LLC, a captive finance company. This strategic integration allows the firm to capture value at both the point of sale and through in-house financing operations.
The company's dealerships are geographically concentrated in Georgia and Indiana, specializing in the sale of essential transportation and utility vehicles. The target clientele for its financing arm, Navigator Acceptance, includes consumers in the subprime credit market. This specialization in providing financing to individuals with non-prime credit is a core component of its business model, enabling vehicle sales to a customer segment often underserved by traditional lenders. Revenue is generated through vehicle sales and the origination and servicing of these higher-yield auto loans.
Historically, the company has demonstrated resilience and strategic repositioning. Under the leadership of President Bobby Lazenby, a recognized turnaround specialist, Navigator Holdings successfully emerged from bankruptcy in June 2008. Following this, the company refined its focus on improving the credit quality of its loan portfolio while continuing to serve its target market. Navigator has also leveraged its platform to manage and service distressed assets for third-party lenders, at one point creating a remarketing group to handle a significant motorcycle portfolio, demonstrating an opportunistic approach to leveraging its core competencies in asset-based lending and remarketing.
Keywords: automotive finance, subprime lending, used car dealerships, captive finance, auto loans, asset-based lending, vehicle sales, loan portfolio management, transportation vehicles, utility vehicles, Navigator Acceptance, Navigator Dealer Group, distressed asset management, vehicle remarketing, consumer financing, independent auto dealers, Georgia automotive, Indiana automotive, specialty finance, credit services