Sym-Tech Dealer Services, a subsidiary of Amynta Group, has agreed to acquire SSQ Distribution Inc. from Beneva Group. SSQ Dealer Services provides automotive protection products and services to an extensive network of dealers throughout Quebec.
Sym-Tech will acquire the distribution network of SSQ Dealer Services as well as the extended warranty portfolio, and will collaborate with SSQ to grow these activities with dealerships and dealer groups that sell new or used automobiles, leisure vehicles, recreational vehicles and other vehicles. Beneva will continue to work with the dealer network to meet their group benefits needs and their commercial insurance needs.
“Beneva seized the opportunity to sell SSQ Dealer Services’ distribution activities to Sym-Tech Dealer Services because it is a company that shares our values by being human and customer-oriented. We are very pleased to collaborate with Sym-Tech to implement all the elements of this winning combination,” said Jean-François Chalifoux, President and CEO of Beneva.
Derek Sloan, President of Sym-Tech Dealer Services, said, “For over 20 years SSQ Dealer Services has delivered strong F&I performance to dealers, centred on customer service, growth and profitability. With the strong team at SSQ Dealer Services and Sym-Tech’s comprehensive F&I offerings and services, this transaction will accelerate our growth in the strategic market of Quebec. I look forward to welcoming the SSQ Dealer Services team to Sym-Tech.”
Francis Vallée, Regional Vice President of SSQ Dealer Services, will continue to lead the team that has been serving dealers for over 20 years. Beneva will remain the insurer of the credit and replacement insurance portfolios and will collaborate with Sym-Tech for the distribution of these products.
The transaction will be formalised once all the steps of the transactional process have been completed. Until then, there will be no change in the activities of SSQ Dealer Services.
