Welsh, Carson, Anderson & Stowe is a private equity firm focused on healthcare, information and business services. Today, the company announced agreement for the acquisition of Service Repair Solutions. The latter is a leading provider of mission-critical data, information services and workflow solutions to the automotive service and repair industry. Service Repair Solutions is backed by Warburg Pincus, a leading global private equity firm. The solutions offered by Service Repair Solutions were used to inspect, diagnose and repair more than 50 million vehicles last 2012.
Service Repair Solutions' arms, MPI and Auto Point businesses have served more than 1000 dealership service shops in Canada and US. MPI provided software and services that streamline and standardize vehicle inspection process. The software was used to improve consistency and quality of inspections and increase the revenues for repair. Auto Point offered products for shops to manage and improve their relationships with vehicle owner clients.
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