acquisition - Tagged Posts - Agent Entrepreneur

A.M. Best Comments on Ratings of Heritage Indemnity Company Following AmTrust Financial Services Agreement

OLDWICK, N.J. — A.M. Best has commented that the financial strength rating of A (Excellent) and the issuer credit rating of “a” for Heritage Indemnity Company (HICO) (headquartered in Lakewood, CO) remain unchanged following the recent announcement of its agreement with AmTrust Financial Services, Inc. (AmTrust) (headquartered in New York, NY). AmTrust has entered into ... Read More »

AmTrust to Acquire Wells Fargo’s Warranty Solutions

NEW YORK — AmTrust Financial Services Inc. announced today that it has entered into a definitive agreement to acquire F&I product provider Warranty Solutions from Wells Fargo for $152 million in cash. Pending regulatory approval, the deal is expected to close in the third quarter 2015. Warranty Solutions was part of Wachovia Dealers Services when ... Read More »

Spencer Capital Holdings Acquires SouthWest Dealer Services

NEW YORK – Spencer Capital Holdings, Ltd. (“Spencer Capital”), a value-oriented global holdings company, has acquired SouthWest Dealer Services (“SWDS”), a leading independent full-service provider of finance and insurance (“F&I”) products and services to auto dealers in the United States. SWDS has more than 250 employees that currently serve over 550 active dealers across 14 ... Read More »

GM Financial Completes Acquisition of Ally’s International Operations

FORT WORTH, Texas — General Motors Financial Company, Inc., has announced that on Jan. 2, GM Financial, GMAC UK plc — an indirect wholly-owned subsidiary of GM Financial — and Ally Financial Inc., completed a transaction under which GM Financial and GMAC UK acquired Ally’s 40% equity interest in SAIC-GMAC Automotive Finance Company Limited, a ... Read More »

Dealertrack to Acquire DMS Provider incadea plc

LAKE SUCCESS, N.Y. — Dealertrack Technologies has announced a cash offer to acquire incadea plc, a provider of DMS software. Under the terms of the transaction, Dealertrack will make a cash offer for the entire issued and to be issued share capital of incadea. The Board of incadea has unanimously recommended that the shareholders accept ... Read More »

Gannett Co. to Acquire Cars.com

MCLEAN, Va. — Gannett Co. has signed a definitive agreement to acquire full ownership of Cars.com for $1.8 million in cash. Under this agreement, Gannett will acquire the remaining 73% interest in the company from Classified Ventures LLC, which owns Cars.com. The publishing company also announced plans to create two publicly traded companies: one exclusively ... Read More »

Acquisitions Drive 46% Revenue Increase for Dealertrack

Dealer.com Acquires Social Media Development Assets

ADP Digital Marketing Expands Analytics Segment Facilities

Group 1 Buys GM Dealer, Opens VW and Fiat Stores