Milwaukee-based ARI Network Services Inc. announced today it has acquired TCS Technologies, a Cookville, Tenn.-based provider of software, websites and digital marketing services designed exclusively for dealers, wholesalers, retreaders and manufacturers within the automotive tire and wheel vertical.
Financial terms of the transaction were not disclosed.
“ARI’s growth strategy continues to be fueled by a combination of organic growth and strategic acquisitions,” said Roy Olivier, president and chief executive officer of ARI. “The acquisition of TCS aligns with our strategy in several ways: First, it consolidates our position as the leading provider of eCommerce-enabled websites and digital marketing services in the automotive tire and wheel industry. Second, TCS provides solutions for the entire automotive tire and wheel supply chain, including wholesalers, retreaders and manufacturers. Finally, TCS offers a point of sale solution for tire and wheel dealers as well as for auto repair shops. In short, all of TCS’s offerings are in alignment with ARI’s mission to help our customers Sell More Stuff! We believe the combined entity will accelerate our growth and leadership position in this market for the foreseeable future.”
For more than 20 years, the management of TCS Technologies has delivered industry leading solutions and support to the automotive tire and wheel market. TCS will maintain normal operations out of its headquarters located in Tennessee, under the continued leadership of Barry Reese, who will assume the role of vice president and general manager of TCS Technologies, an ARI company.
“At TCS, we pride ourselves on our industry-wide reputation for providing efficient and effective technology solutions,” said Reese. “Together with ARI, we will innovate faster to create comprehensive solutions at a pace that is unmatched by our competition.”
“We expect the TCS acquisition to generate incremental revenue of approximately $5 million and be accretive to EBITDA for fiscal 2015,”said ARI chief financial officer William Nurthen.