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Dealer Services Network acquires Express OMV to strengthen its position in the private tag agency space

May 23, 2024•over 1 year ago

Acquiring Company

Dealer Services Network

Acquired Company

Express OMV

Deerfield BeachBaton RougeSoftware

Description

Monroe Capital LLC acted as the sole lead arranger and administrative agent on the funding of a senior credit facility to support Dealer Services Network’s acquisition of Express OMV. By acquiring Express OMV, DSN has expanded its network of tag agency locations and strengthened its position in the private tag agency space.

Company Information

Company

Dealer Services Network

Location

Deerfield Beach, Florida, United States

About

Dealer Services Network is a tech-enabled platform for mobility providers that delivers TaaS™ (Title as a Service), workflow and content management services, and compliance solutions through its proprietary DealTracker™ platform to automotive dealers, rental car companies, consumers and governmental agencies.

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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