M&A Deal Summary

Convenient Brands Acquires Dealer Pay

On August 4, 2022, Convenient Brands acquired information technology company Dealer Pay

Acquisition Highlights
  • This is Convenient Brands’ 1st transaction in the Information Technology sector.
  • This is Convenient Brands’ 4th transaction in the United States.
  • This is Convenient Brands’ 1st transaction in Missouri.

M&A Deal Summary
Date 2022-08-04
Target Dealer Pay
Sector Information Technology
Buyer(s) Convenient Brands
Deal Type Add-on Acquisition

Target

Dealer Pay

St. Louis, Missouri, United States
Dealer Pay provider of modern payments and point-of-sale software solutions for the dealership industries. The company's solutions are web-based and offer a tech-forward approach to payments technology and end-user functionality, providing an invaluable offering exclusive to dealers. The solution is designed to improve daily efficiencies, increase revenue, streamline operations, and enhance security, and along with real-time support and ongoing product development, has enabled Dealer Pay to serve some of the largest dealerships and automotive groups in the U.S. Dealer Pay was formed in 2013 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Convenient Brands

Draper, Utah, United States
Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

Convenient Brands is an advanced technology provider of end-to-end payment solutions, integration platforms, and stored-value products for private and public sectors, in person, and online. Convenient Brands was founded in 2012 and is based in Draper, Utah.

DEAL STATS #
Overall 4 of 6
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Missouri) 1 of 1
Country (United States) 4 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Rome

Pasadena, Maryland, United States

Rome provides management software and consultation services to dealer-affiliated and independent auto collision centers in the U.S. ROME has a 30+ year track record of serving its customers with feature-rich software, industry-leading support, as well as consultation and coaching services that improve shop efficiency and profitability. ROME maintains integrations with CDK, Reynolds & Reynolds, Dealerbuilt, and other dealer management systems along with market-leading estimating software providers. Rome was founded in 1988 and is based in Pasadena, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 ImEX Systems

Vancouver, British Columbia, Canada

ImEX Systems provides full management software to auto body shops, including a recently released web-based app that has functionality for repair estimates, technician scheduling, parts ordering, and time tracking. ImEX Systems was founded in 1994 and is based in Vancouver, British Columbia.

Buy -
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