Allied Solutions announces majority acquisition of TrxNow, one of the industry’s leading technology solutions for roadside assistance and service logistics
CARMEL, IN (October 14, 2021) — Allied Solutions, one of the largest providers of insurance, lending, risk management, and data enabled products to financial institutions, has just made a significant acquisition with the majority interest in TrxNow, the industry’s leading technology solutions provider for roadside assistance and service logistics. This acquisition will expand Allied’s distribution opportunities in Canada and supports broader key initiatives across the enterprise.
“Allied continues to invest in strategic acquisitions that will complement our business and this latest deal is no exception. I am very excited about the acquisition of TrxNow and how it connects into our big picture vision for Allied Solutions. Their products align very well with our MBP and Recovery Services and they have dominated the market with their cloud-based technology solutions and 24/7 trilingual contact center. TrxNow is also a perfect fit from a culture perspective and that is very important for long term success,” said Pete Hilger, CEO, Allied Solutions.
“Our entire organization is proud to have earned the confidence of Pete Hilger, his leadership team and Allied Solutions to invest in us. I am confident that this will pave the way for increased growth and better opportunities for our existing clients. TrxNow is driven to ensure we over deliver and continue to be the best solution in the logistics and roadside assistance space,” said Anthony M. Royer, President and CEO, TrxNow.
The combination of Allied and TrxNow gives financial institutions across the United States and Canada access to a powerful and unique suite of solutions powered by market leading technology and unparalleled service. Together they will deliver a truly connected and transparent customer experience and will reach a broader audience with expanded markets and distribution.
About Allied Solutions
Allied Solutions is one of the largest providers of insurance, lending, risk management, and data-driven solutions to financial institutions. Allied Solutions uses technology-based solutions customized to meet the needs of 4,000 clients along with a portfolio of innovative products and services from a wide variety of providers. Allied Solutions is headquartered in Carmel, Indiana, with regional offices in Florida, Minnesota, South Dakota, and Texas. Allied Solutions is a wholly owned and independently operated subsidiary of Securian Financial Group. Visit alliedsolutions.net to learn more.