M&A Deal Summary

PBS Financial Systems Acquires Adam Systems

On November 4, 2021, PBS Financial Systems acquired software company Adam Systems from Karmak

Acquisition Highlights
  • This is PBS Financial Systems’ 2nd transaction in the Software sector.
  • This is PBS Financial Systems’ 2nd transaction in the United States.
  • This is PBS Financial Systems’ 1st transaction in Florida.

M&A Deal Summary

Date 2021-11-04
Target Adam Systems
Sector Software
Buyer(s) PBS Financial Systems
Sellers(s) Karmak
Deal Type Divestiture

Target

Adam Systems

Spanish Fort, Florida, United States
Adam Systems provides fully integrated dealer management software to auto and powersports retailers across North America and Puerto Rico. Adam Systems was founded in 1979 and is based in Spanish Fort, Florida.

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Buyer(S) 1

Buyer

PBS Financial Systems

Calgary, Alberta, Canada

Category Company
Sector Automotive
DESCRIPTION

PBS Financial Systems, Inc. (PBS Systems) is a north american DMS vendor and operates in other vertical markets beyond new and used car dealerships, such as heavy equipment, new truck dealerships, and farm implement dealerships.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 DPC Systems

Benbrook, Texas, United States

DPC Systems, Inc. is a developer of fully integrated software applications for the auto dealership industry. The company provides application software, factory communications, hardware, and networking capabilities.

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Seller(S) 1

SELLER

Karmak

Carlinville, Illinois, United States

Category Company
Founded 1981
Sector Information Technology
Employees250
DESCRIPTION

Karmak is a provider of business management solutions for the commercial transportation industry. The Company offers a unique approach combining innovative technology, strategic advice, and best practices. Karmak was founded in 1981 and is based in Carlinville, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-14 DSI Solutions

Mansfield, Texas, United States

DSI Solutions provides dealership management systems using its flagship Blaze platform that serves truck and trailer dealerships, independent repair facilities, distributors, and vehicle upfitters across North America. DSI Solutions is based in Mansfield, Texas.

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