DealerVault and its holding company, Data Specialty Group LLC, have merged into Authenticom LLC, creating one company serving more than 15,000 dealerships across the company, the companies announced today.
CarFinance Capital and Flagship Credit Acceptance will be merged into one subprime auto finance source. The combined company, which will be managed Flagship CEO Michael Ritter, will have total assets in excess of $2 billion.
The two companies have reached an agreement, and the transaction is expected to close in the next 45 days.
First Investors Financial Services Group and FIFS Holdings entered into a merger agreement, which has FIFS Holdings acquiring the group’s common stock in an all-cash transaction valued at $100 million.
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