Generational Equity announced the sale of its client, DPC Systems Inc., to PBS Financial Systems Inc. The acquisition closed August 31, 2017.
DPC Systems (DPC), based in Fort Worth, Texas, is a leading developer of fully integrated software applications for the auto dealership industry. The company provides application software, factory communications, hardware, and networking capabilities. Founded in 1978, DPC is one of the longest-standing Dealer Management Systems providers in the USA.
PBS Financial Systems (PBS), founded in 1988, is headquartered in Calgary, Alberta, Canada. This follows on the acquisition of DDS in Dubuque, IA in 2016. PBS is the third largest North American DMS vendor and operates in other vertical markets beyond new and used car dealerships, such as heavy equipment, new truck dealerships, and farm implement dealerships.
Generational Equity Managing Director Michael Goss’ team, led by Vice President Luan Ly, successfully closed the deal. Senior Managing Director James Carr established the initial relationship with DPC Systems.
“The owners of DPC have established a very strong reputation in the DMS space with their customers and have maintained a respected and qualified staff to support the amazing success over the years. They wanted to explore options for themselves as well as opportunities for their employees,” said Ly.
Ly added, “Coincidentally, PBS is active in the marketplace and expanding in North America and the Midwest and saw the value of the reputation of DPC and the talent that existed within DPC’s organization; creating synergistic benefits to both parties through a transaction that closed in a swift and diligent manner.”
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