OEConnection LLC (OEC) and Genstar Capital announced they have finalized the deal for Genstar to acquire a majority stake in OEC from Providence Equity Partners that was announced in August. Current investors, Ford Motor Company and General Motors, will each retain their minority investments in the Company. Financial terms of the transaction were not disclosed. […]
Genstar Capital Acquires Majority Stake in OEConnection
OEConnection LLC (OEC) Providence Equity Partners L.L.C. and Genstar Capital, announced an agreement for Genstar to acquire a majority stake in OEC from funds advised by Providence. As part of the transaction, current investors Ford Motor Company and General Motors will each retain their minority investments in the Company. Financial terms of the transaction were […]
OEConnection Announces Solution to Connect with All Dealership Management Systems to Streamline Parts Order Processing
OEConnection LLC (OEC) announced it has completed integration of its DMS Connect technology solution with all five major Dealer Management System (DMS) providers in the United States and Canada. The solution connects a dealership’s DMS data with real-time inventory and pricing feeds, and links with the OEC solutions in which the dealership is enrolled, ensuring […]
Toyota Motor North America Selects OEConnection for Mechanical Parts Marketing Program
OEConnection LLC (OEC) in partnership with Toyota Motor North America, is launching a comprehensive mechanical parts ordering and fulfillment program. The program interfaces through the OEC RepairLink solution for Toyota dealers in the United States. With the “Toyota Mechanical Parts Program,” powered by RepairLink, Toyota dealers can offer exclusive pricing support to their mechanical repair […]
Mopar Masters Guild Endorses OEC CollisionLink
OEConnection LLC (OEC) announced that the Mopar Masters Guild (MMG), comprised of parts professionals from Fiat Chrysler dealerships, endorsed its CollisionLink solution. The Guild met with OEC last week to learn about upcoming product enhancements, and to discuss how the continued relationship between the Guild and OEC can benefit both parties. OEC and the Mopar […]
OEConnection Acquires UK-Based Bluegrasscoms
OEConnection (OEC) announced that it has signed an agreement to acquire Bluegrasscoms (BGC), a UK-based automotive business consultancy and service provider focused on the collision and aftersales market segments. Headquartered in Newbury, England, BGC streamlines key operations for its customers across Europe, with a strong focus on the collision industry. BGC’s VISION software provides body […]
MyPriceLink Dynamic Pricing Will Reach 40% U.S. Collision Part Market Share with Ford Adoption
OEConnection positioning dynamic pricing technology for adoption by OEMs globally. OEConnection (OEC) announced that its MyPriceLink technology will soon generate dynamic list prices for over 40 percent of all collision parts in the United States, due to Ford Motor Company’s recent announcement that they are adopting the technology. Ford joins General Motors, that began using […]
Ron Coill Named President and Chief Operating Officer at OEConnection
OEConnection (OEC) announced that President & Chief Financial Officer Ron Coill is moving to a new role within OEC and now will serve as President & Chief Operating Officer for the organization’s North American operation. In his new role, Coill is responsible for Product, Human Resources and Customer Success in North America. “This is an […]
Rich Garcia Named Chief Financial Officer at OEConnection
OEConnection (OEC) announced the appointment of Rich Garcia as its new Chief Financial Officer. Garcia will be responsible for leading the company’s financial operations in conjunction with providing strategic financial direction. He will oversee the global accounting and finance teams, including responsibility for financial reporting, treasury, tax, business development, purchasing and business information systems functions. […]
Providence Equity Partners Makes Majority Investment in Environmental Safety Training and Compliance Firm KPA
Private equity firm also owns majority interest in OEConnection. KPA, the Environmental Health and Safety (EHS) Risk Management company, announced that Providence Equity Partners has completed its majority investment in the Company. Existing investor CIVC Partners will retain a minority investment in the Company going forward. Financial terms of the transaction were not disclosed. Providence […]