Two days after announcing the acquisition of Strategic Remarketing Solutions, Location Services made another big move.

The company said Thursday it has hired former GE and Element Fleet Corp. remarketing executive Paul Seger as its chief remarketing officer.

Seger is on the board of directors of the Automotive Remarketing Alliance. He was the group’s president from 2019-2021.

In addition to other industry honors, Seger was inducted into the National Auto Auction Association’s Hall of Fame in 2022.

“We are thrilled to announce that Paul Seger is joining our organization as our chief remarketing officer,” Location Services CEO Jerry Kroshus said in a news release. “Paul’s extensive background in remarketing is unprecedented.

“He is a very well-respected leader who has done so much for the industry. We are looking forward to him working with our current team and our newly acquired remarketing group from Strategic Remarketing Solutions (SRS).”

On Tuesday, Location Services announced it had purchased SRS a national forwarding company that offers remarketing, recovery and title solutions to banks, finance companies and credit unions. The Hoffman Estates, Ill.-based company is led by president Jeff Bescher, who is also chair of the board at ARA.

Bescher is a past-president of ARA, as is Seger.

“I am so excited to join Location Services as their chief remarketing officer,” said Seger. “Jerry has built an incredible team, and I am very excited to be a part of this growing organization.

“Also, I have been so impressed with Delaware Street Capital and how supportive they are to the business. Being able to work with the newly acquired SRS team is also a plus, as I have firsthand experience working with them,” he said. “Additionally, working with Debbie Stokes, who was just named Remarketing Executive of the Year at Used Car Week, and Mike Rodi, who has been with me for numerous years, will be a great experience. I can’t wait to get started.”

David Heller, partner at Delaware Street Capital, which is the owner of Location Services, said, “We are so excited to have Paul join our Location Services organization. He has an incredible pedigree and reputation, and we feel very fortunate to have him.”