“I knew Greg Schultz for decades, âsaid David M. Meyer, President of Advantage GPS. âHe has been an invaluable distribution partner from the start for Advantage, a distinguished industry leader and a longtime friend and advisor. Our decision to acquire the business not only allows Advantage to strengthen its operations and presence in the Midwest, but it will also enable the provision of more direct, in-person service and support to Advantage customers. “
As part of Advantage’s continued expansion plan, the new acquisition of Asset Tracking Technology will enhance its ability to deliver modern analytics and advanced technology risk mitigation solutions to more sub-prime auto lenders at scale. national, now and in the future. Asset tracking technology is just the first deal among many as the company plans to accelerate its growth strategy and consolidate the GPS tracking and risk mitigation market.
âAsset tracking technology has served hundreds of clients over the past two decades,â said Greg Schultz, owner of the asset tracking technology. âWe have always focused on quality products and services. Advantage is a brand synonymous with quality and performance, and shares a common corporate culture. That’s why this consolidation is making real sense now – I know our customers will be in good hands. “
Advantage’s technology provides vehicle tracking and a wealth of information that monitors and assesses financial risk in real time. The company’s interactive dashboard gives lenders high-level, vehicle-specific granular monitoring of their auto finance portfolio. The system is designed to prioritize barriers to profits and proactively notify managers of high risk situations, which further helps prevent losses and mitigates their severity if they do occur. Advantage’s robust solution portfolio includes wired and wireless devices, VIN Verify products, custom APIs, Pay-as-You-Go options, and features that allow users to manage all of their devices regardless of the provider.
Over the next few months, Schultz and the Asset Tracking Technology team will remain in place to help the Advantage team ensure a smooth transition.
About asset tracking technology
Asset Tracking Technology is a distributor of GPS tracking devices for finance companies, BHPH dealers, fleet tracking devices and personal tracking. The company offers insurance products through a network of auto and recreational vehicle dealers throughout the Midwest. The company also specializes in forming dealer-owned reinsurance companies – Schultz & Associates.
About Advantage GPS
Advantage GPS provides modern data analytics and advanced GPS technology that empower BHPH dealers and vehicle finance companies to make smarter, faster and more profitable business decisions. The company’s seasoned management team revolutionized risk mitigation tools and real-time automotive analysis to help lenders protect vehicle assets, reduce defaults and accelerate recoveries in the event in need for over a decade.
For more information, visit AdvantageGPS.com
SOURCE Advantage GPS, LLC