F&I Administration Solutions and StoneEagle Merge to Form StoneEagle F&I

LOMBARD, Ill. & RICHARDSON, Texas–(BUSINESS WIRE)–F&I Administration Solutions, LLC (F&I Admin) and StoneEagle, Inc.,
together the leading suppliers of technology solutions for the F&I
industry, today announced the strategic merger of the two companies to
form StoneEagle F&I.


The new company will bring together the most powerful solutions in the
industry across the entire F&I ecosystem to complement and enhance the
services offered to both F&I Admin and StoneEagle customers. Together,
the companies manage over 8 million transactions per year for 85 F&I
product administrators, power technology for a network of more than
10,000 dealerships, offer profitability reporting and intelligence tools
for over 5,000 dealerships, and provide detailed responses to over
140,000 product rate requests per day.

“This is a rare opportunity for two organizations that occupy uniquely
complementary positions in the market,” said David Trinder, CEO of F&I
Admin. “In coming together, we provide even stronger value for our
clients. StoneEagle’s commitment to providing exceptional customer
service and powerful products aligns closely with our own. I am
extremely pleased to be able to welcome two extraordinary teams into a
single family.”

“We have set out to combine two of the most well-established companies
in the industry,” said Cindy Allen, CEO of StoneEagle. “Bringing
together these two exceptional teams will drive enhancements and
innovation across all our products and fuel the evolution of future
solutions. Our merger is about growth – we are dedicated to bringing
more options to our clients without disrupting their existing experience
and solutions. Together we will bring forward the best of both companies
to benefit the clients we serve.”

Headquarters and Management

Both companies have highly experienced teams with proven leadership.
Cindy Allen will serve as chief executive officer of the combined
company, which will be headquartered in Richardson, TX. Kumar
Kathinokkula will take on the position of chief operating officer of the
new company and will operate out of the company’s Lombard, IL location.
StoneEagle founder, Brent Allen, and F&I Admin CEO, David Trinder, will
both be board members and play active roles in the company.

StoneEagle F&I will continue to operate all existing locations, in order
to ensure that all clients continue to enjoy a first-rate experience
both during and after the merger.

About F&I Administration Solutions

F&I Administration Solutions, LLC is the leading provider of software
solutions for the administration of automotive F&I products. Our
comprehensive and integrated F&I platform addresses the specific needs
of every role within the lifecycle of an F&I product. As an innovative
organization, we strive to provide the most advanced, efficient, and
intuitive technological solutions within the automotive F&I industry to
support the growth of our clients and to address their ever-changing
business needs. Additional information can be found at www.fiadmin.com.

About StoneEagle

Established in 1987, StoneEagle provides innovative F&I solutions and
legendary customer service to the retail automotive industry. Our
Metrics, Menu and Admin solutions increase productivity, improve
efficiency and accelerate profitability for dealerships, general
agencies, F&I product providers and OEMs nationwide. For more
information on StoneEagle or to schedule a solution demonstration call
855-937-8729 or email sales@stoneeagle.com.

Contacts

Jacqueline Wasem
jwasem@ideagrove.com
972.850.5989

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