Dan Stanko News Today : Breaking News, Live Updates & Top Stories | Vimarsana
6 Bay Area companies making Wall Street debuts in 8 days - San Francisco Business Times
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Laura Grattan and Dan Stanko Join Crosspoint Capital as Managing Directors
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
HGGC Sells Automotive Service Technology Leader Dealer-FX to Snap-on
March 8, 2021 GMT
(PRNewsfoto/HGGC)
PALO ALTO, Calif., March 8, 2021 /PRNewswire/ HGGC, a leading middle-market private equity firm, today announced it has sold Dealer-FX (or “The Company”), a market-leading provider of customer experience and process automation software for automotive retailers and OEMs, to Snap-on Incorporated, an S&P 500 company and global innovator, manufacturer and marketer of tools, equipment, diagnostics and information solutions for professionals in automotive repair and other critical industries.
ADVERTISEMENT
Since its investment in 2015, HGGC has partnered with Dealer-FX Founder and Chairman Gary Kalk to build the category-defining, SaaS-enabled service lane technology platform endorsed by leading OEMs including Stellantis/FCA, Nissan, Infiniti, Toyota, Lexus, Hyundai, Kia, Mitsubishi a
Snap-on acquires Canadian software company in $200 million deal
Share
Dealer-FX Group Inc. in a $200 million cash deal, the company announced Monday.
Ontario-based Dealer-FX develops service operations software for automotive original equipment manufacturer customers and their dealers. The company’s software helps improve dealership productivity and enhances the service experience for vehicle owners.
Dealer-FX had roughly $37 million in 2020 fiscal year revenue. It will become part or Snap-On’s repair systems and information group. The deal is not expected to have a meaningful impact on Snap-On’s current fiscal year.
“Dealer-FX extends our strategic visibility into new technologies and platforms as they enter the vehicle parc, expands the reach of our shop management software, and enhances our expertise with respect to dealership service and repair operations,” said Nick Pinchuk, chairman and chief executive officer of Snap-On.
HGGC Sells Automotive Service Technology Leader Dealer-FX to Snap-on
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.