Thursday, Aug. 27, 2020, 12:03 PM
One of the firms that buy-here, pay-here dealers use to bolster its financing options expanded its presence this week via an acquisition.
Buckeye Dealership Consulting, a provider of reinsurance and F&I products for independent operators, announced it has acquired Specialty Administration Services (SAS Pros), a provider of contract administration for automotive, RV, heavy truck and marine stores.
SAS Pros operates out of Apollo Beach, Fla., and provides contract administration of limited warranties, service contracts, GAP coverage and more. One of its focuses is contract administration for the heavy truck market, having a wide variety of TruckMaster brand warranties and service contracts.
“We’re excited to join the Buckeye team which will be a great way for us to expand further into automotive,” SAS Pros president Rob Davenport said in a news release. “Over the years we have grown our platform to serve clients nationwide as well as in Canada.”
With the addition of SAS Pro’s personnel, products and software, Buckeye said it intends to offer additional solutions to its clients.
“Claims administration will be a key addition to Buckeye’s range of dealer services. Having reinsurance company formations and management, F&I products and training, collateral protection insurance products for lenders, and now full-service claims administration all under one roof is going to accelerate us to the next level,” Buckeye Dealership Consulting chief executive officer Rob Fox Sr said.
“We have been looking to expand into this area for quite some time, and we are excited to finally be here.”