Beekman-Backed AutoManager Enhances Automotive Safety with Acquisition of AutoAp

In a move aimed at bolstering safety measures in the automotive industry, AutoManager Acquisition, Inc. ("AutoManager"), a leading provider of software solutions to the auto dealership industry, has completed the acquisition of AutoAp, Inc. ("AutoAp"), the industry's foremost Recalls-As-A-Service company. This acquisition is set to revolutionize the management of safety recalls, benefiting auto dealerships, fleet managers, and other entities involved in vehicle acquisition, sales, and service.

AutoAp offers a range of recall services that enable auto dealers to reduce liability, improve compliance, save time and money, increase fixed ops revenue, and strengthen customer relationships. By utilizing advanced-processing, AI-powered technologies, and Business Intelligence, AutoAp streamlines the process of identifying and reporting open safety recalls for all vehicles in an inventory, providing clients with valuable and actionable recommendations for recall management. With the most accurate, timely, and comprehensive recall information in the industry, AutoAp's services are highly sought after.

The acquisition of AutoAp further solidifies AutoManager's position as a leading dealership software and services platform. James Clippard, Chairman of AutoManager and Managing Director of The Beekman Group, the majority owner of AutoManager, recognizes the value that AutoAp brings to the table. "Open recalls are an important safety and regulatory consideration for sellers and managers of auto inventory, and AutoAp provides impactful solutions that improve driver safety while delivering clear ROI to customers," he said. Clippard also commended AutoAp's strong momentum in the marketplace and expressed eagerness to expand its reach within the independent auto dealership segment.

Mark Paul, CEO of AutoAp, emphasizes the ongoing challenge of safety recalls in the auto industry. With vehicles becoming more complex and OEMs continuously adding safety features and technology, the likelihood of safety recalls increases. Paul highlights the staggering numbers, with over 900 vehicle safety recalls affecting more than 30 million vehicles in 2022 alone. He also points out that manual processes and unreliable sources make it nearly impossible for dealers to stay up to date on safety recalls for vehicles in their inventory.

Having helped boost clients' revenue and profitability, mitigate liability, and enhance consumer safety, AutoAp's recall management technologies have already made a significant impact. With the support of AutoManager, AutoAp is poised to play an even greater role in the adoption of these crucial technologies, increasing safety measures across the industry.

AutoAp's acquisition by AutoManager was facilitated by Presidio Technology Advisors, acting as the sole financial advisor to AutoAp.

About AutoManager:

AutoManager has been a trusted provider of dealer management software (DMS), website tools, and customer relationship management (CRM) software to independent car dealerships for over 25 years. Their DeskManager offering streamlines every aspect of dealership operations with a powerful set of tools, ease of use, and robust security features. WebManager provides dealerships with a comprehensive website and digital marketing platform. Both products are scalable solutions for dealerships of all sizes, serving various types of vehicles. AutoManager currently serves thousands of users across the United States and Canada.

About AutoAp:

AutoAp, based in Portland, Oregon, is a leading provider of safety recall management technologies and services. Their comprehensive and accurate recall solutions help auto dealers, fleet management companies, and other entities increase driver safety, decrease liability, generate service revenue, and reduce recall management costs.

About The Beekman Group:

The Beekman Group is a private equity firm based in New York City. With a focus on the healthcare, consumer, and business services sectors, they specialize in building industry-leading companies. They partner with management teams to accelerate organic and acquisition growth initiatives, creating meaningful value. With a strong track record and over $1 billion in assets under management, The Beekman Group continues to be a key player in driving business growth.

In conclusion, the acquisition of AutoAp by AutoManager paves the way for enhanced safety measures in the automotive industry. With advanced recall management technologies and services, AutoAp will continue to lead the industry and contribute to the adoption of vital safety solutions. AutoManager's acquisition of AutoAp cements its position as a market leader in dealership software and services, offering comprehensive solutions to the auto dealership industry. Together, these companies are driving innovation and improvement in driver safety, compliance, and customer satisfaction.