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Private Equity-Backed Convenient Brands Acquires Dealer Pay And Provides Strategic Growth Investment

Aug 04, 2022•over 3 years ago

Acquiring Company

Convenient Brands

Acquired Company

Dealer Pay

Lending And InvestmentsFinancial Services

Description

Convenient Brands announced today that it has acquired Dealer Pay, LLC (“Dealer Pay”) of St. Louis, MO and provided a strategic growth investment.

Company Information

Company

Convenient Brands

About

Convenient Brands is a platform of business technology companies that provide enterprise-level software to the automotive repair industry as well as integrated payment processing services: ROME Technologies (www.rometech.com), Mainstreet Computers (www.mainstreetcomputers.com), Digital Business Controls, and Intellipay (www.intellipay.com). Convenient Brands is headquartered in Draper, Utah and is a portfolio company of New York-based private investment firm, The Beekman Group.

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