National Auto Care has acquired five agencies - Profit Concepts, Pinnacle Dealer Services, Pritchard Insurance, RRC Companies and Ace Financial Development Group.
Spectrum Automotive Holdings CEO Jim Polley will speak on “Selling Your Agency”
The acquisition marks the sixth M&A transaction for the company and the first consumer-facing asset owned by Digital Air Strike as it continues to expand its online car-buying experience.
Coffeen Management Company further accelerates NAC’s growth strategy, which includes the acquisition of like-minded, high-growth agents.
LAKE FOREST, Cali. – Portfolio Group announced today that it has acquired a majority interest in Finance Concepts, LLC, one of its largest producing agencies headquartered in Folsom, California. Portfolio is owned by the company’s management and Capital Z Partners, a New York-based private equity firm. Terms of the transaction were not disclosed. “We are very ... Read More »
DAYTON, Ohio — Reynolds and Reynolds Co., a provider of automotive dealership software, documents, and professional services, today announced its acquisition of ReverseRisk, which offers a web-based analytics reporting platform designed to eliminate the need for multiple reporting systems. The system can be used regardless of the DMS a dealership uses and will be added ... Read More »
SAN CLEMENTE, Calif. – DealerSocket has unveiled a five-step customer acquisition plan for used car dealers, backed by the company’s most recent internal data and a survey of dealerships nationwide. The plan highlights low-hanging-fruit strategies that dealers can implement right away to attract and convert more leads. “It’s tempting for dealers working in the trenches ... Read More »
ATLANTA & LAKE SUCCESS, N.Y.- Cox Automotive, Inc., a leading provider of digital marketing, wholesale and e-commerce solutions across the automotive industry, and Dealertrack Technologies, Inc., a leader in software solutions and services for automotive retailers, today announced that they have entered into a definitive merger agreement, reports BusinessWire. Cox Automotive will acquire Dealertrack in ... Read More »
MAPLE SHADE, N.J. — Holman Automotive Group acquired Audi Willow Grove in Willow Grove, Pa. The dealership is now the second Audi store under the Holman brand. Audi Willow Grove was owned and operated by Don Rosen, who has been affiliated with the Audi brand for over two and a half decades. Under his leadership, ... Read More »
WESTLAKE VILLAGE, Calif. — J.D. Power and the National Automobile Dealers Association (NADA) have announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a well-known source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review. Established ... Read More »
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