TORONTO and NEW YORK, March 28, 2019 /PRNewswire/ -- Sym-Tech Dealer Services is joining The Amynta Group's North American automotive warranty businesses. A continuation of the relationship the companies established in 2013, Amynta's acquisition of Sym-Tech Dealer Services is the culmination of Sym-Tech's efforts to find a partner that provides complementary resources, relationships and industry expertise.
Brad Wells, Chief Executive Officer of Sym-Tech, stated, "We sought this opportunity with The Amynta Group to enhance our services to Dealer, Dealer Group and Original Equipment Manufacturer customers in North America. Amynta's additional capital and resources bring tremendous value."
Sym-Tech Dealer Services' program began over 45 years ago and is based in Toronto, Canada. Sym-Tech provides industry leading finance and insurance (F&I) software, training programs, and a full suite of F&I protection products to the automotive industry.
"Sym-Tech is dedicated to improving dealership performance and ensuring a positive buying experience for customers. Our expanded relationship with Amynta will provide us with a deeper pool of resources to help accelerate the pace of technology, innovation and new product development," said Chris Cawston, President and General Manager of Sym-Tech.
The Amynta Group is an industry leading group of warranty, managing general agent and specialty risk companies. With the progression of this relationship, Amynta will provide distribution partners a North American solution in addition to expanding its auto warranty footprint into the Canadian market.
Stuart Hollander, Chief Executive Officer of Amynta, said, "With finance and insurance expertise at all levels of the organization, Sym-Tech has experienced impressive growth in recent years. We are excited about their strong Executive Management team and look forward to furthering our relationship to continue growing together."
About Sym-Tech Dealer Services
Sym-Tech Dealer Services is a leading Canadian Finance and Insurance provider to the retail automotive industry, delivering performance to dealer, dealer group and OEM clients nationwide. Sym-Tech offers industry-proven training, dave® technology solution that includes an F&I menu, and a full suite of products.
About The Amynta Group
The Amynta Group is an industry-leading group of warranty, managing general agent and specialty risk companies. This collection of professionals and firms provides warranty and services contracts for the automotive, consumer products and specialty equipment industries, among others, and administers niche workers' compensation and contractor liability coverage in North America, Europe and Australia. Amynta invests in growing and maintaining its market leading position with a focus on ensuring a high performing work culture, product innovation and market expansion. For more information, please visit amyntagroup.com.
SOURCE The Amynta Group