“The portfolio of products offered to our mutual clients will expand, bringing an elevated level of service and a more holistic business model to meet their evolving needs,” said Kevin McWilliams, President of DPG
IRVINE, Calif. (PRWEB)
November 10, 2017
SouthWest Dealer Services (SWDS), a leading full-service provider of automobile security and tracking devices, finance and insurance (F&I) products and related training services to U.S. automobile dealerships, has acquired McDub Enterprise, Inc. and its subsidiary Dealer Protection Group, Inc. (DPG), an insurance brokerage firm specializing in the automotive industry.
The acquisition supports SWDS’ overall U.S. growth strategy to expand the company’s portfolio of product offerings for their automobile dealer clients and their customers. Clients will now have access to
a myriad of products and programs under one umbrella, including Property & Casualty Insurance and Workers Compensation Services. This marks the fourth and largest acquisition for SWDS since early 2016.
“We see this acquisition as a win for both companies, whereby, the portfolio of products offered to our mutual clients will expand, bringing an elevated level of service and a more holistic business model to meet their evolving needs,” said Kevin McWilliams, President of DPG. “Both companies share a track record of more than twenty years in the automotive industry with a focus on innovation, elevated ethical standards and strong client partnerships.”
SWDS is a subsidiary of Spencer Capital Holdings, Ltd. (SCH), a global holdings company. The acquisition of DPG is immediately accretive to SWDS and is complementary to SCH’s existing portfolio of insurance related companies.