. . . Innovating the 3rd planet.
InAmerica Completes Acquisition of Western Automotive Acceptance Corporation
Phoenix, AZ, - May 9, 1996 - InAmerica Corporation, announced today that it has closed on the agreement with Automotive Income Management, Inc. to acquire Western Automotive Acceptance Corporation, a secondary finance company that originates and services automotive retail financing contracts for Secondary Lenders within the automotive industry. Western is an affiliate of the newly-formed subsidiary AIM Direct, Inc. that is a direct marketer for new car dealerships operating in 30 states.
InAmerica is a diversified holding company that specializes in developing leading edge innovative technologies and the acquisition, reorganization and turnaround of distressed businesses that retain dramatic potential once a recovery is completed. The company typically seeks to divest itself of the revived businesses through spin-off or outright sale to a company with a strategic need and fit.
Reference "InAMERICA TO ACQUIRE WESTERN AUTOMOTIVE ACCEPTANCE CORPORATION" (Phoenix, AZ May 1, 1996)
Press Contacts:
Matthew R. Gould,
President & COO
InAmerica Corporation
(972) 239-9282
George Walsh,
President
AIM Direct, Inc.
(972) 239-9282
Copyright © 2010-12 InAmerica, Inc. All rights reserved.
