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CapStreet invests in dealership software company TradePending
TradePending chief executive officer Brice Englert. Images courtesy of the company. Monday, Feb. 22, 2021, 03:02 PM By Auto Remarketing Staff HOUSTON -
CapStreet Group, which invests in owner-managed, lower middle market companies, has completed the majority recapitalization of TradePending LLC.
TradePending builds software for car dealerships, stating that it uses vehicle pricing data to enable digital retailing and boost online conversions and increase profitability for trade-in vehicles.
TradePending chief executive officer Brice Englert said the new partnership sets the stage for accelerated organic growth.
“From the outset, we were impressed with the CapStreet team,” Englert said of the Houston-based private-equity firm.