SouthWest Dealer Services
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SouthWest Dealer Services - overview
Established
1987
Location
Irvine, CA, US
Primary Industry
Retail
About
SouthWest Dealer Services provides specialized financial and insurance solutions tailored for automotive dealers, enhancing dealership profitability through innovative risk management products and services. SouthWest Dealer Services, founded in 1987 and headquartered in Irvine, US, focuses on delivering comprehensive financial and insurance solutions for automotive dealerships. The company has not undergone any significant changes in its business strategy or operations since its inception. The current CEO, Vernon Leake, leads the company, having a solid history in the industry.
SouthWest Dealer Services was acquired by Spencer Capital Holdings, Ltd. in March 2015, although financial terms were not disclosed. SouthWest Dealer Services specializes in providing a range of financial and insurance products tailored for dealer clients in the automotive sector. Their core offerings include F&I (Finance and Insurance) voluntary protection products, reinsurance and dealer participation programs, and comprehensive anti-theft programs.
Additionally, they offer property and casualty insurance and workers' compensation solutions. These products are designed to mitigate risk for automotive dealers and enhance their profitability through innovative solutions, serving over 3,000 active dealers across all 50 states, ensuring accessibility to a broad spectrum of clients within the automotive industry. SouthWest Dealer Services generates revenue through various transaction structures, primarily focusing on B2B partnerships with automotive dealers. Their business model typically involves offering subscription-based services and tailored financial products that dealers can integrate into their offerings to consumers.
Their flagship products, such as vehicle service contracts and anti-theft programs, provide recurring revenue streams as dealers sell these options alongside vehicle sales. The company also facilitates dealer participation programs that allow clients to take part in revenue-sharing arrangements based on the performance of the insurance products sold. As of now, there are no publicly available details regarding upcoming product launches or specific geographic expansion plans. The most recent deal on record was the acquisition by Spencer Capital Holdings in March 2015.
Without further information on current strategies or funding utilization, specific insights into future growth initiatives cannot be provided.
Primary Industry
Retail
Sub Industries
Automobile Dealerships, Automobile Repair, Automobiles, Other Vehicles & Parts
Website
www.swds.net
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
SouthWest Dealer Services - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | SouthWest Dealer Services | - |
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