CentralBDC Acquires Majority Stake in Better Car People
December 12, 2022
CentralBDC, an SJ Partners–backed outsourced Business Development Center (BDC) for automotive dealerships, has taken a majority stake in Better Car People (BCP), an omnichannel outbound customer engagement provider for dealers. The acquisition was funded by SJ Partners with co-investment / financing from Everside Capital Partners, Northcreek Mezzanine and Resolute Capital Partners, with Enterprise Bank & Trust providing an incremental senior term loan; the deal is an add-on to expand CentralBDC's customer engagement platform and capabilities for OEMs and dealer partners.
- Buyers
- CentralBDC, SJ Partners LLC, Everside Capital Partners LLC, Northcreek Mezzanine Fund, Resolute Capital Partners
- Targets
- Better Car People
- Platforms
- CentralBDC
- Industry
- Automotive
- Location
- North Carolina, United States
- Transaction Type
- Addon
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