Indy Auto Financing Company PurchasedPosted: Updated:
An Indiana automotive sales and finance company has been acquired. Sunset Capital Assets Inc. in Nevada says the deal for Indianapolis-based Green Bear Solutions LLC is another step toward creating a national company. Terms of the deal have not bee released.
July 29, 2013
JACKSONVILLE, Fla. -- Sunset Capital Assets, Inc., (SSBN), a Nevada corporation, trading on the Over the Counter (OTC) markets "pink sheets" as SSBN, announced today that the Company finalized the acquisition of Green Bear Solutions, LLC., a privately held automotive sales and finance company headquartered in Indianapolis, IN that helps consumers with less than perfect credit, purchase and finance vehicles that are typically not available to the millions of Americans with subprime credit history.
“The merger of Investment Capital Fund Group, LLC, a wholly owned subsidiary of Sunset Capital Assets, and Green Bear Solutions, LLC is the next step in creating a national automotive finance company.”
Green Bear Solutions CEO, Rick Stanley, stated, “The strategic relationship with Sunset Capital Assets will position Green Bear Solutions to opportunistically capture market share and increased profitability at an accelerated pace. The ability to leverage Sunset’s brand and management strength into all aspects of our business model will give Green Bear a competitive advantage in a fragmented marketplace. ”
Gene Smith, Vice Chairman of Sunset Capital Assets, Inc., stated , "The merger of Investment Capital Fund Group, LLC, a wholly owned subsidiary of Sunset Capital Assets, and Green Bear Solutions, LLC is the next step in creating a national automotive finance company. "The Green Bear acquisition broadens the footprint of ICFG from the Southeastern U.S. to include the Midwestern Region of the U.S. The revenue model and the C-level talent of Green Bear will add strategic growth to the current model of ICFG/Sunset. We remain excited about the continued growth of Sunset. "
Sunset Capital Assets, Inc. is a diversified financial services firm focusing on acquisition and investment in federally insured banks, mortgage companies, real estate, title insurance, insurance, auto financing, commercial financing, investment banking ,management consulting service primarily in the Southeast United States.
Source: Sunset Capital Assets Inc.