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Capstreet-Backed Cbc Acquires Creditdriver Solutions, A Next Generation In Soft Prequalification And Credit Building For The Auto Industry

Oct 25, 2022•about 3 years ago

Acquiring Company

Credit Bureau Connection

Acquired Company

CreditDriver Solutions

FintechFinancial ServicesSoftware

Description

Credit Bureau Connection (“CBC” or “the Company”), a provider of credit report and compliance solutions to automotive dealers, lenders, and other end markets, today announced the acquisition of CreditDriver Solutions, a soft credit technology provider offering lead generation and sales enablement tools. Founder and CEO Michael Byrd will join CBC as Senior Vice President of Sales. CBC is backed by Capstreet, a Houston-based lower middle market private equity firm. Terms of the transaction were not disclosed.

Company Information

Company

Credit Bureau Connection

About

CBC offers credit report and compliance solutions to the automotive and general consumer finance industries across the United States. The Company optimizes and automates the consumer finance qualification process through a fast, easy-to-use, and secure software platform made available to its extensive network of software affiliate partners. CBC’s products and solutions place a heavy emphasis on compliance and identity verification to support the credit application and credit report process. Please visit www.creditbureauconnection.com for additional information.

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