F&I Sentinel Announces Agreement to Acquire Express Recoveries Business from Cox Automotive
TALLAHASSEE, Fla., Jan. 16, 2024 /PRNewswire/ -- F&I Sentinel, a leading risk management solutions provider for finance and insurance products (F&I) in the automotive finance industry, today announced it has reached a definitive agreement to acquire Express Recoveries from Cox Automotive Inc. As part of the transaction, Cox Automotive's Express Recoveries team that currently supports the business will transition to the F&I Sentinel team. The transaction is expected to close early in the first quarter.
- TALLAHASSEE, Fla., Jan. 16, 2024 /PRNewswire/ -- F&I Sentinel , a leading risk management solutions provider for finance and insurance products (F&I) in the automotive finance industry, today announced it has reached a definitive agreement to acquire Express Recoveries from Cox Automotive Inc .
- As part of the transaction, Cox Automotive's Express Recoveries team that currently supports the business will transition to the F&I Sentinel team.
- "Cox Automotive is committed to improving car buying for everyone, and sometimes that requires choosing the best steward to perform a specialized function," said Lori Wittman, President of Retail Solutions for Cox Automotive.
- Cox Automotive remains focused on delivering car shopping, selling, financing and transaction solutions for lenders, dealers, OEMs, and consumers."