Allied Solutions Grows Auto Lender Support
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCARMEL, Ind. - Carmel-based Allied Solutions LLC says it has acquired majority ownership of TrxNow, a Tennessee-based company that focuses on roadside assistance and service logistics.
Allied specializes in insurance, lending, and risk management for financial institutions. One of its product lines supports auto dealers and their post-sale auto warranty protection plans.
Allied says the TrxNow acquisition will expand its broader key initiatives.
“Allied continues to invest in strategic acquisitions that will complement our business and this latest deal is no exception. I am very excited about the acquisition of TrxNow and how it connects into our big picture vision for Allied Solutions. Their products align very well with our MBP (mechanical breakdown protection) and Recovery Services and they have dominated the market with their cloud-based technology solutions and 24/7 trilingual contact center,” said Pete Hilger, CEO, Allied Solutions.
Allied says the acquisition will expand its distribution opportunities in Canada and supports broader key initiatives across the enterprise. Terms of the deal were not disclosed.