Dealership software provider Reynolds and Reynolds announced it has acquired TSD Mobility Solutions, a provider of fleet management software and services.

TSD designs and develops fleet mobility solutions for dealerships, manufacturers, public automotive groups and rental car companies. It operates in 92 countries on six continents, with more than 16,000 dealerships and 3,000 car rental companies as clients.

TSD is designed to provide fleet management options for loaner or rental cars, shuttles, subscriptions, test drives and pickup and delivery services.

“The company’s values align with ours,” Reynolds senior vice president of strategy and corporate development Kasi Edwards said in a news release. “Their approach to creating high-quality software synergizes with ours, and our shared focus on customer service makes this a perfect fit.”

In a news release, Reynolds said Boston-based TSD will continue to operate independently, with Shawn Concannon, TSD’s president since January 2022, remaining in that role.

“This is an amazing time to be partnered with TSD,” Concannon said. “Joining Reynolds opens so many possibilities to streamline workflows across the industries we serve, further increasing efficiencies and reducing risk for our customers.”

Edwards said the importance of fleet management continues to grow with convenience and customer experience emerging as a focus for dealers and OEMs.

“TSD is the leader in that space and the rental car space,” she said, “and we couldn’t be more excited about the future of TSD with Reynolds.”

Mavsign acquired by 1876 Partners

1876 Partners Fund I, LP has acquired Maverick Document Signings Inc., a provider of remote document closing and fraud detection and mitigation services for auto dealerships. The news was shared in a release from Colonnade Securities, which was the exclusive financial advisor to Mavsign.

Mavsign has been in business for 17 years, working with dealers to speed closings and mitigate fraudulent transactions with its VerifyID technology. It also provides a mobile notary network of 13,500 validated notaries and 3,500 active notaries covering every state.

“I am excited for what tomorrow holds for Maverick,” Mavsign president Jeff Eichelberger said. “I know it is in great and capable hands.”

1876 Partners said Mavsign’s “commitment to innovation and customer satisfaction” aligns with its core values and long-term vision.

“This acquisition represents a significant milestone in our growth strategy,” managing partner Robert Burnett said, “allowing us to leverage our industry knowledge with Mavsign’s expertise, technology and established market presence. Together we will deliver even greater value to our customers and stakeholders.”