Credit reporting firm Fresno completes acquisition
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published on February 15, 2022 – 13:27
Written by the staff of The Business Journal
A local credit reporting company recently announced the acquisition of a Texas-based workflow solutions provider.
Credit Bureau Connection, a Fresno-based provider of credit reporting and compliance solutions for auto dealerships, lenders and other end markets, announced that it has acquired Dealer Safeguard Solutions, a software provider as compliance and workflow solutions service (SaaS) for the automotive retail industry.
CBC is backed by Houston-based lower-middle-market private equity firm Capstreet Group.
Financial terms of the transaction were not disclosed.
Doug Fusco, Founder and CEO of Dealer Safeguard Solutions, said the combination of the companies will create a comprehensive workflow and compliance platform for auto dealerships that will better drive compliant behavior.
Credit Bureau Connection Founder and CEO Mike Green said he was impressed with Dealer Safeguard Solutions and was convinced the companies were a great fit.
“While CBC and DSGSS have seen steady growth, there are still significant opportunities for organic growth in the automotive and adjacent industries that we can better capture by working together. We welcome Doug and the entire DSGSS team, and we are excited to work together.
Founded in 2009 and based in McKinney, Texas, Dealer Safeguard provides proprietary software and services designed to help automotive dealerships stay compliant, improve operational efficiency and drive measurable return on investment, according to a release from hurry.
“With new Federal Trade Commission Safeguards Rule requirements and surging fraudulent transactions across the country, the need for our solutions has never been greater. With the support of Capstreet and CBC, we can continue to invest into new products and technologies while building valuable new relationships,” Fusco said.