Tekion buys car registration generation corporate Five64

BE desk

Vijayan informed Car Information in January that Tekion’s executives would conserve an ocular out for attainable product or acquisition alternatives “to enhance value for our customers and help accelerate our growth.”

Five64 CEO Hoke Smith will proceed with Tekion as head of registration and titling services and products, he stated in a observation.

The Cleburne, Texas, corporate introduced in 2016, consistent with analysis company PitchBook Knowledge Inc.

Five64 filed for Bankruptcy 11 chapter April 19 within the U.S. Chapter Court docket for the Northern District of Texas in a voluntary petition signed through Smith, consistent with courtroom paperwork.

Tekion, of Pleasanton, Calif., purchased two dealerships — Gilroy Buick-GMC and Hyundai of Gilroy in California — through which to check and refine its DMS generation. Now that the ones assessments are whole, the dealerships are on the market.

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