Risk management firm KPA Services recently announced that it closed on the acquisition of California-based Auto Advisory Services (AAS).
The firm highlighted that its transaction that came to fruition on May 31 strengthens KPA’s F&I offering through the addition of new premium services, including on-site service drive audits and advertising compliance reviews, as well as an F&I compliance hotline that is designed to assist dealers with common day-to-day compliance issues.
“KPA is innovative, proactive and highly experienced,” said Rob Cohen, chairman and sole shareholder of AAS. “These are qualities I have yet to see in other companies purporting to offer compliance solutions to dealers. Put simply, KPA has become the clear leader in dealership compliance.”
KPA is a leader in cloud-based environmental health and safety (EHS) risk management solutions and closed-loop on-site audit services that mitigate potential accidents and the costly ramifications of non-compliance with state and federal EHS regulations.
In addition to EHS, KPA’s comprehensive automotive solution covers operational workflow as well as regulatory risks associated with F&I and human capital management (HCM). The company focuses on mid-market companies in the automotive, manufacturing, distribution and logistics, and insurance industries.
Since 1975, AAS has been providing California dealerships with highly specialized sales, finance, service drive and advertising compliance products and services. AAS personnel consists of extensively trained attorneys and former state agency inspectors and investigators.
“AAS has been an outstanding provider of sales and F&I services for more than 40 years, helping their clients reduce exposure to regulatory fines and litigation,” KPA chief executive officer Vane Clayton said.
“The addition of the AAS solutions to KPA means that the automotive market now has a single showroom to shop solution to solve all their operational, regulatory and compliance risks,” Clayton added.