Another acquisition announcement surfaced on Tuesday, this time in the training space.

NCM Associates said it has acquired Sioux Falls, S.D.-based Spader Business Management and its subsidiary, A World of Training, in a move that was effective on Aug 31.

According to a news release, this action furthers NCM’s growth, diversification and client support in various industries.

With this merger, NCM — which claims to be the originator of the first automotive 20 group in 1947 — said it will further expand its footprint of products and services into several non-automotive industries while maintaining one of North America’s largest databases of financial data and operational metrics.

NCM president and chief executive officer Paul Faletti said, “Building off the foundation established by his father and Spader Business Management founder Duane Spader, John Spader has built an enviable business built on a culture of trust.  The employees of NCM are honored to have the opportunity to partner with their talented associates and their outstanding roster of clients.”

With 45 years of experience, Spader Business Management has established itself as one of the premier 20 group and training providers within the RV, farm equipment, powersports, marine and motorcoach spaces among many other industries.

John Spader said, “Merging the resources of Spader Business Management with those of NCM will allow for us to accelerate the execution of many of our planned strategies. We feel the combined organizations will bring many great resources and offerings to our clients that would not have happened independently.”

NCM and Spader Business Management intend to maintain business as usual as both organizations identify synergies and opportunities to enhance the associate and client experience.

John Spader will join the executive leadership team of NCM Associates managing Spader Business Management operations while the corporate office and state-of-the-art training facility will remain in Sioux Falls.

For more information about NCM Associates, visit www.ncmassociates.com or email info@ncmassociates.com.