Sys2k has been acquired by Serent Capital

Background: Systems 2000, Inc. (“Sys2k”) is a SaaS business that provides a mission-critical dealership management system for the specialty vehicle market, including RV, marine, auto, heavy duty trucks, bus and emergency vehicles. With over 350 customers throughout the U.S. and Canada and a strong recurring revenue base, the Sys2k platform is highly regarded due to its true multi-company, multi-location system offering full DMS capabilities across all departments of a dealership.

Cassel Salpeter:
- Served as financial advisor to the Company
- Ran a limited sales process, contacting 19 specifically targeted financial and strategic buyers

Challenges:
- Management required guidance and support to satisfy due diligence requests due to small size and limited resources

Outcome: In March 2018, Sys2k was 100% acquired by Serent Capital, broadening their portfolio of system-of-record software businesses and automobile technology investments.