The Presidio Group recently mentioned another segment of M&A activity is on the rise.

Firm experts turned out to be good prognosticators, as CentralBDC, one of the nation’s leading privately owned outsourced business development centers (BDCs) for automotive dealerships, announced on Tuesday that it has acquired PowerBDC out of Stamford, Conn.

According to a news release, the transaction represents CentralBDC’s first industry acquisition, further augmenting its current suite of services offered for large and small dealership groups.

CentralBDC said PowerBDC is staffed by an experienced team representing more than 200 years of inbound and outbound lead generation, lead management, and CRM experience in the retail automotive, RV, powersports, and marine marketplace.

“PowerBDC represents an excellent example of a turn-key BDC solution in the market that is capable of closing more sales and increasing customer satisfaction within their existing base of accounts,” CentralBDC founder and president Benjamin Shamsizadeh said in the news release.

“Our goal is to continue to grow by acquiring other businesses with similar and complementary technology and customer base with the goal of being the number one marketing partner in the industry,” Shamsizadeh continued. “We look forward to integrating Power’s offerings and unique approach into our playbook to continue to enhance future growth opportunities.”

Founded in 2014 by 35-year automotive industry veteran Bill Sinko, CentralBDC highlighted PowerBDC has built a scalable structure and toolkit tailored to dealerships to maximize leads, increase productivity and provide seamless service.

“We are very excited to be able to expand our team, while continuing to provide customized options for our clients,” Shamsizadeh said.

Founded in 2018 and headquartered in Boca Raton, Fla., CentralBDC provides dealers with advanced platforms and combines people and technology to improve customer engagement.

The company has responded to more than 32 million customer calls and scheduled more than 1.3 million appointments for dealer partners.