Sym-Tech, a finance and insurance provider for the retail automotive industry, has acquired shares from auto finance group Rifco.
The investment is a strategic move meant to add F&I value to automotive dealerships across Canada, the company said in a news release.
“Rifco’s automotive lending focus on quick credit decisions, expedited funding and outstanding dealer service pairs perfectly with Sym-Tech’s professional F&I performance driven solutions and we anticipate delivering increased dealer F&I performance and customer satisfaction,” said Chris Cawston, President & GM of Sym-Tech Inc.
The Ontario-based corporation offers F&I training, products, and in-dealership development, along with their very own software platform for automobile dealerships in Canada.
Sym-Tech now beneficially owns about 12.95% of the issued commons shares of Rifco.
