TMCnet News
SNH Capital Partners announce the acquisition of ProMaxLAS VEGAS, April 26, 2018 /PRNewswire/ -- SNH Capital Partners ("SNH") announce the acquisition of ProMax, a leading SaaS provider of marketing services and credit data to automotive retail dealers across the United States. The acquisition of ProMax extends SNH's market leadership across retail automotive solutions, including National Credit Center, an SNH Capital Partners portfolio company and a leading provider of data, credit, compliance and fraud solutions in the sector. Financial terms of the transaction were not disclosed. Based in Davenport, Iowa, ProMax offers award-winning front-end sales, development and inventory management software in the auto retail industry including lead generation, website design, desking, inventory, credit reporting, client relationship management, and other compliance solutions. "We are extremely pleased to invest in ProMax, a dynamic market leader with a 20-year history of consistent product innovation. We are excited to gain the experience and capabilities of the valuable team in Davenport, including Darian Miller, Chief Technology Officer, and Shane Born, Chief Operating Officer. SNH has a significant track record of providing strategic and operational expertise to its portfolio companies. We look forward to working with ProMax's maagement to both continue and augment its customer value proposition of excellent service and innovation over the long-term." said Jevin Sackett, CEO and Managing Director at SNH. About SNH About ProMax For more information, please contact:
View original content:http://www.prnewswire.com/news-releases/snh-capital-partners-announce-the-acquisition-of-promax-300636918.html SOURCE SNH Capital Partners |