Coil Partners is pleased to announce the sale of its client, Finance Express, LLC, (aka FEX DMS) to DealerSocket, an industry leading provider of business and CRM software solutions for automotive dealerships world-wide. Acting as FEX DMS' exclusive strategic and financial advisor, Coil was responsible for structuring, negotiating and closing the transaction.
Established in 2001, FEX DMS is the first and only fully integrated web-based automotive dealer management system (DMS) that includes an integrated loan-servicing platform designed exclusively for the independent car dealer market. Positioned to become the de facto industry standard business portal, FEX DMS' SaaS delivered DMS is a best-in-class end-to-end technology solution that seamlessly supports all critical dealer functions related to inventory management, loan servicing and portfolio management for "buy here pay here" dealer models, and customer-to-lender approval and electronic payment processes.
Advising both the Company's owners and senior management, Coil successfully negotiated a transaction through a parallel marketing process that included select institutional investors and strategic buyers. The completion of this transaction represents a significant milestone for both the Company and its senior management team. "We are pleased with the opportunities to more aggressively promote and distribute our best-of-industry dealer management software as part of DealerSocket," said David Huber, President and CEO of Finance Express. "Coil played a valuable role in negotiating and structuring the transaction while advising me and our team through the process." For more information about our client, visit www.fexdms.com.