Latest news with #DMS
Yahoo
3 days ago
- Business
- Yahoo
Beekman Group Portfolio Company Convenient Brands Completes Sale of Dealer Pay, a Leader in Seamless, Integrated Payments Software Solutions for the Dealership Industries, to Vehlo Holdings
DRAPER, Utah, May 28, 2025--(BUSINESS WIRE)--Convenient Brands, Inc. ("Convenient Brands"), a provider of auto repair software and payment processing services, announced today that it has completed the sale of Dealer Pay, LLC ("Dealer Pay"), the leader in seamless, integrated payment processing and advanced point-of-sale software solutions for the dealership industries, to Vehlo Holdings. Dealer Pay has seen significant growth in demand for its products due to their advanced features, ability to support multiple payment options, their reporting capabilities, modern user interface, and DMS integrations which together with the company's robust customer support function creates a compelling value proposition that has led to meaningful market share gains. Dealer Pay focuses on franchised auto dealerships but can support other types of dealerships as well, such as RV, Marine, and Truck. Beekman and Convenient Brands acquired Dealer Pay in July 2022 and supported Dealer Pay in significant product development and staff expansion. Under Convenient Brands' management, Dealer Pay grew its revenue by approximately 4.0x and its total valuation by over 6.0x in less than three years. "We congratulate Julie Douglas and the Dealer Pay team for developing such a strong payment processing solution for dealerships and for generating such strong growth. We wish them the best and are sure that Dealer Pay's best years still lie ahead," said Casey Leloux and James Clippard in a joint statement. Mr. Leloux serves as CEO of Convenient Brands and Mr. Clippard serves as Chairman of Convenient Brands' Board of Directors and Managing Director of The Beekman Group, the majority owner of Convenient Brands. Presidio Technology Partners served as financial advisor to Convenient Brands in connection with the transaction. Akerman served as legal advisor to Convenient Brands and Beekman Group. Financial details of the transaction were not disclosed. About Convenient Brands Convenient Brands is a platform of business technology companies that provide shop management software to auto repair businesses as well as integrated payment processing services to merchants in a range of industries, including auto, government, and property management. Convenient Brands is comprised of Mainstreet Computers ( ROME Technologies ( ImEX Systems ( Web-Est ( and Intellipay ( Convenient Brands is headquartered in Draper, Utah and is a portfolio company of New York-based private investment firm, The Beekman Group. About The Beekman Group The Beekman Group is a private equity firm, based in New York City, focused on building industry-leading companies in the healthcare, consumer, and business services sectors. The firm partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. Beekman manages over $1 billion in assets and has completed over 200 transactions since inception. For more information, please visit View source version on Contacts 646-502-3300info@
Yahoo
3 days ago
- Business
- Yahoo
Beekman Group Portfolio Company Convenient Brands Completes Sale of Dealer Pay, a Leader in Seamless, Integrated Payments Software Solutions for the Dealership Industries, to Vehlo Holdings
DRAPER, Utah, May 28, 2025--(BUSINESS WIRE)--Convenient Brands, Inc. ("Convenient Brands"), a provider of auto repair software and payment processing services, announced today that it has completed the sale of Dealer Pay, LLC ("Dealer Pay"), the leader in seamless, integrated payment processing and advanced point-of-sale software solutions for the dealership industries, to Vehlo Holdings. Dealer Pay has seen significant growth in demand for its products due to their advanced features, ability to support multiple payment options, their reporting capabilities, modern user interface, and DMS integrations which together with the company's robust customer support function creates a compelling value proposition that has led to meaningful market share gains. Dealer Pay focuses on franchised auto dealerships but can support other types of dealerships as well, such as RV, Marine, and Truck. Beekman and Convenient Brands acquired Dealer Pay in July 2022 and supported Dealer Pay in significant product development and staff expansion. Under Convenient Brands' management, Dealer Pay grew its revenue by approximately 4.0x and its total valuation by over 6.0x in less than three years. "We congratulate Julie Douglas and the Dealer Pay team for developing such a strong payment processing solution for dealerships and for generating such strong growth. We wish them the best and are sure that Dealer Pay's best years still lie ahead," said Casey Leloux and James Clippard in a joint statement. Mr. Leloux serves as CEO of Convenient Brands and Mr. Clippard serves as Chairman of Convenient Brands' Board of Directors and Managing Director of The Beekman Group, the majority owner of Convenient Brands. Presidio Technology Partners served as financial advisor to Convenient Brands in connection with the transaction. Akerman served as legal advisor to Convenient Brands and Beekman Group. Financial details of the transaction were not disclosed. About Convenient Brands Convenient Brands is a platform of business technology companies that provide shop management software to auto repair businesses as well as integrated payment processing services to merchants in a range of industries, including auto, government, and property management. Convenient Brands is comprised of Mainstreet Computers ( ROME Technologies ( ImEX Systems ( Web-Est ( and Intellipay ( Convenient Brands is headquartered in Draper, Utah and is a portfolio company of New York-based private investment firm, The Beekman Group. About The Beekman Group The Beekman Group is a private equity firm, based in New York City, focused on building industry-leading companies in the healthcare, consumer, and business services sectors. The firm partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. Beekman manages over $1 billion in assets and has completed over 200 transactions since inception. For more information, please visit View source version on Contacts 646-502-3300info@
Business Wire
3 days ago
- Automotive
- Business Wire
Beekman Group Portfolio Company Convenient Brands Completes Sale of Dealer Pay, a Leader in Seamless, Integrated Payments Software Solutions for the Dealership Industries, to Vehlo Holdings
BUSINESS WIRE)--Convenient Brands, Inc. ('Convenient Brands'), a provider of auto repair software and payment processing services, announced today that it has completed the sale of Dealer Pay, LLC ('Dealer Pay'), the leader in seamless, integrated payment processing and advanced point-of-sale software solutions for the dealership industries, to Vehlo Holdings. Dealer Pay has seen significant growth in demand for its products due to their advanced features, ability to support multiple payment options, their reporting capabilities, modern user interface, and DMS integrations which together with the company's robust customer support function creates a compelling value proposition that has led to meaningful market share gains. Dealer Pay focuses on franchised auto dealerships but can support other types of dealerships as well, such as RV, Marine, and Truck. Beekman and Convenient Brands acquired Dealer Pay in July 2022 and supported Dealer Pay in significant product development and staff expansion. Under Convenient Brands' management, Dealer Pay grew its revenue by approximately 4.0x and its total valuation by over 6.0x in less than three years. 'We congratulate Julie Douglas and the Dealer Pay team for developing such a strong payment processing solution for dealerships and for generating such strong growth. We wish them the best and are sure that Dealer Pay's best years still lie ahead,' said Casey Leloux and James Clippard in a joint statement. Mr. Leloux serves as CEO of Convenient Brands and Mr. Clippard serves as Chairman of Convenient Brands' Board of Directors and Managing Director of The Beekman Group, the majority owner of Convenient Brands. Presidio Technology Partners served as financial advisor to Convenient Brands in connection with the transaction. Akerman served as legal advisor to Convenient Brands and Beekman Group. Financial details of the transaction were not disclosed. About Convenient Brands Convenient Brands is a platform of business technology companies that provide shop management software to auto repair businesses as well as integrated payment processing services to merchants in a range of industries, including auto, government, and property management. Convenient Brands is comprised of Mainstreet Computers ( ROME Technologies ( ImEX Systems ( Web-Est ( and Intellipay ( Convenient Brands is headquartered in Draper, Utah and is a portfolio company of New York-based private investment firm, The Beekman Group. About The Beekman Group The Beekman Group is a private equity firm, based in New York City, focused on building industry-leading companies in the healthcare, consumer, and business services sectors. The firm partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. Beekman manages over $1 billion in assets and has completed over 200 transactions since inception. For more information, please visit
Business Mayor
5 days ago
- Automotive
- Business Mayor
Cityflo implements full-stack driver safety intelligence systems across metro fleets
Cityflo, an urban mobility firm, said it has rolled out a comprehensive AI-powered driver safety stack across its fleet, as part of its broader push to create enterprise-grade operating standards in a space that has long lacked formalisation. The move marks a significant leap in how road safety and fleet discipline are enforced within the country's mobility sector, it said. 'As the industry grows, while we add more buses—we need stronger systems to run them better,' said Rushabh Shah, CBO, Cityflo. 'Our belief is that operational excellence begins with full transparency on what is happening inside and outside the cabin. This rollout is about institutionalising safety and performance—not just reacting to lapses, but preventing them altogether.' At a time when the conversation around mobility is largely dominated by electrification and app interfaces, Cityflo said it is placing focus on what happens behind the wheel. Its new system blends two key technologies: an advanced driver assistance system (ADAS) that supports the driver with on-road alerts, and a driver monitoring system (DMS) that supervises driving behaviour within the cabin. Together, they form a dual-safety net designed to reduce risk, improve accountability, and deliver consistency in driver performance at scale. Deployed in partnership with safety intelligence startup Cautio, the system has already been integrated across most Cityflo buses and Luxe cabs operating in Mumbai, Hyderabad, and Delhi. Full fleet integration is expected in the next month. This upgrade comes at a critical time—India accounts for 11% of global road fatalities with just 1% of the world's vehicles, as per the Ministry of Road Transport and Highways. Over 90% of crashes linked to human error, often related to driver fatigue, distraction, or poor judgement under pressure. Cityflo's dual-system approach aims to directly tackle this root cause. With over 600 trained drivers on payroll and a fleet of 400+ buses, Cityflo operates across Mumbai, Delhi, and Hyderabad—covering more than 10 million kilometres and serving over 6.6 million rides annually. Cityflo is among the few mobility operators in India building systemic capabilities that goes beyond software layers and bus supply.
Time of India
5 days ago
- Automotive
- Time of India
Cityflo implements full-stack driver safety intelligence systems across metro fleets
Cityflo , an urban mobility firm, said it has rolled out a comprehensive AI-powered driver safety stack across its fleet, as part of its broader push to create enterprise-grade operating standards in a space that has long lacked formalisation. The move marks a significant leap in how road safety and fleet discipline are enforced within the country's mobility sector, it said. 'As the industry grows, while we add more buses—we need stronger systems to run them better,' said Rushabh Shah, CBO, Cityflo. 'Our belief is that operational excellence begins with full transparency on what is happening inside and outside the cabin. This rollout is about institutionalising safety and performance—not just reacting to lapses, but preventing them altogether.' At a time when the conversation around mobility is largely dominated by electrification and app interfaces, Cityflo said it is placing focus on what happens behind the wheel. Its new system blends two key technologies: an advanced driver assistance system (ADAS) that supports the driver with on-road alerts, and a driver monitoring system (DMS) that supervises driving behaviour within the cabin. Together, they form a dual-safety net designed to reduce risk, improve accountability, and deliver consistency in driver performance at scale. Deployed in partnership with safety intelligence startup Cautio, the system has already been integrated across most Cityflo buses and Luxe cabs operating in Mumbai, Hyderabad, and Delhi. Full fleet integration is expected in the next month. This upgrade comes at a critical time—India accounts for 11% of global road fatalities with just 1% of the world's vehicles, as per the Ministry of Road Transport and Highways. Over 90% of crashes linked to human error, often related to driver fatigue, distraction, or poor judgement under pressure. Cityflo's dual-system approach aims to directly tackle this root cause. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories With over 600 trained drivers on payroll and a fleet of 400+ buses, Cityflo operates across Mumbai, Delhi, and Hyderabad—covering more than 10 million kilometres and serving over 6.6 million rides annually. Cityflo is among the few mobility operators in India building systemic capabilities that goes beyond software layers and bus supply.
