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F&I Sentinel Announces Agreement to Acquire Express Recoveries Business from Cox Automotive

Jan 16, 2024•almost 2 years ago

Acquiring Company

F&I Sentinel

Acquired Company

Dickinson Fleet Services

TallahasseeAtlantaAutomotiveSoftware Development

Description

F&I Sentinel, a leading risk management solutions provider for finance and insurance products, has reached a definitive agreement to acquire Express Recoveries business from Cox Automotive Inc. This acquisition is expected to increase F&I Sentinel's footprint and create the auto lending industry's most comprehensive after-market finance and insurance compliance solution. The transaction reinforces F&I Sentinel's commitment to delivering F&I compliance and expanding its existing ecosystem to cover the entire lifecycle of an F&I product.

Company Information

Company

F&I Sentinel

Location

Tallahassee, Florida, United States

About

F&I Sentinel is the automotive industry’s leading financing compliance and regulatory risk mitigation solutions provider. F&I Sentinel continuously monitors regulatory and legal developments across the United States to ensure F&I products comply with corporate financing requirements, meet fiscal viability standards and provide value to the consumer. CITADEL, F&I Sentinel’s cloud-based SaaS platform, is an efficient, turn-key compliance solution that protects finance companies, dealers & consumers by mitigating the reputational, financial, litigation, and regulatory risks of vehicle finance products. FAIRRCalc, F&I Sentinel’s proprietary tool, provides real-time GAP waiver refund quotes including cancellation fees and regulations governing refunds to automotive finance providers. We provide cutting-edge compliance solutions to mitigate the reputational, financial, litigation, and regulatory risks of financing F&I products.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed