NCM acquires Kain Automotive in ‘strategic merger’ to grow dealer training
Automotive 20 Group provider and dealership trainer NCM Associates announced it has acquired Kain Automotive, a provider of training in internet sales, BDC operations and digital marketing.
NCM said in a news release the “strategic merger” represents a significant milestone in its growth and a step forward for both companies in delivering “a comprehensive range of solutions” to their clients.
NCM, which established the first automotive 20 Group in 1947, has partnered with Louisville, Ky.-based Kain Automotive for the past 15 years to provide training and 20 Group services.
NCM president and CEO Paul Faletti said the acquisition “elevates both businesses.”
“The existing collaboration has enhanced our collective training and 20 Group offerings to our clients and I’m excited about the achievements that lie ahead,” he said. “As we combine forces to drive excellence and innovation, we will continue to enhance our products and services to stay at the forefront of the industry.”
Kain Automotive president David Kain and his staff will join the NCM team and will continue to operate from their corporate office in Louisville. NCM said both organizations are committed to further expanding their training offerings in the auto industry and beyond.
“The opportunity for our company and team to become part of an organization that founded the principles of dealership collaboration and performance benchmarking is rare — and one worth taking,” Kain said.
“We have been fortunate to work with NCM for many years, and I have witnessed first-hand its commitment to our clients’ success. In this new structure of working together daily, we can further drive value to dealership leaders and managers.”