NCM acquires TSI Auto Solutions, Strengthening its Software and Data Offerings
We advised our client, TSI Auto Solutions, on its sale to NCM, surfacing a buyer that presented a great cultural fit for TSI, and guiding negotiations through to a successful outcome. NCM’s press release announcing the deal follows:
Kansas City, Mo., October 3, 2018 – NCM® Associates has acquired Canadian-based TSI Auto Solutions, effective Sept. 28, 2018, furthering its growth, diversification, and client support strategy.
With this merger, NCM, the originator of the 20 Group process, will further strengthen its database and suite of analytical tools, and will be able to offer SaaS products to better serve North American OEMs and their dealer network.
“TSI Auto Solutions is excited to partner with an employee-owned, industry veteran like NCM that’s as dedicated to clients’ success as we are,” said Jane Ravenshaw, President of TSI. “Together, I’m confident we will expand our current services and develop new products to give OEMs and their dealers the data and intelligence they need to optimize profitability.”
NCM and TSI intend to conduct “business as usual” in the coming months; any merger activities will be done with the utmost care to minimize client impacts.
“First and foremost, I’m thrilled to welcome TSI associates to the NCM family. Jane and I are truly excited about our new partnership and the opportunities it will create for our associates, and especially for our clients,” said NCM President & CEO Paul Faletti, Jr. “Our portfolio of reporting and analytical options will only grow and improve from here, and I know our OEM and dealer clients will appreciate having tools designed to help them make better, more informed decisions based on data to drive performance.”
Pita Pit Canada
Pita Pit Canada ("PPC") is the franchisor to 228 Pita Pit locations across Canada. FirePower's Investment Banking team was engaged to arrange financing for its acquisition of a majority interest in Pita Pit International ("PPI"). FirePower generated multiple proposals from prospective lenders, negotiating and structuring favourable terms and pricing with a lender interested in supporting PPC's future expansion plans.