Louisiana Based Auto Title Business Being Sold To National Firm
Casey & Casey is a firm that serves customers around the state with paperwork surrounding the buying and selling of vehicles. There are seven locations around the state, including one in Lafayette on Arnould Drive, just off of Johnston.
Mark Furcolo, Group President of Lender Solutions, Dealertrack said,
The Casey & Casey team has been instrumental in creating and building the online vehicle registration and titling market in Louisiana. This acquisition will strengthen our
electronic processing presence in the Southern U.S., and further demonstrates the breadth and capabilities of our online registration, lien and titling services.
Furcolo also said that they hope to continue to strengthen ties to area auto dealers that are already working with Casey & Casey.
Dan Casey, President and CEO of Casey & Casey said,
As part of Dealertrack, we now have the resources to help advance online vehicle processing in the state of Louisiana.
The acquisition is expected to be complete in the second quarter of this year. Parties have agreed on a sale price of $21.2 million in cash.