Moncton, New Brunswick-based TSI Auto Solutions has been purchased by NCM Associates, a firm out of Kansas City, Mo., whose claim to fame is founding the 20 Group process.
NCM said in a news release Thursday that it will be “business as usual” for the two companies in the near term and that “any merger activities will be done with the utmost care to minimize client impacts.”
Financial terms of the merger, which was effective Sept. 28, were not disclosed.
“TSI Auto Solutions is excited to partner with an employee-owned, industry veteran like NCM that’s as dedicated to clients’ success as we are,” TSI president Jane Ravenshaw said in the news release.
“Together, I’m confident we will expand our current services and develop new products to give OEMs and their dealers the data and intelligence they need to optimize profitability,” she added.
NCM president and chief executive Paul Faletti, Jr. said: “First and foremost, I’m thrilled to welcome TSI associates to the NCM family. Jane and I are truly excited about our new partnership and the opportunities it will create for our associates, and especially for our clients.
“Our portfolio of reporting and analytical options will only grow and improve from here, and I know our OEM and dealer clients will appreciate having tools designed to help them make better, more informed decisions based on data to drive performance,” he said.