July 20, 2023 — On a blistering acquisition pace this year, The Reynolds and Reynolds Company announced its fourth purchase since January, picking up Xzilon, an Oregon-based vehicle protection and appearance solution provider.
Xzilon, founded in 2003, offers F&I products that protect and enhance the exteriors and interiors of vehicles, boats, RVs, and motorcycles.
Kevin Kahmann and his company, Caring Brands International – a longtime supplier of Xzilon’s chemistries, purchased Xzilon in early 2019.
Reynolds is keeping the Xzilon name along with the staff, with Kahmann staying on as president. The company will be a subsidiary of Reynold’s American Guardian Warranty Services group, the F&I provider it acquired in January.
Reynolds and Reynolds also acquired used vehicle appraising solution AutoVision in June; DealerCorp, a Canadian-based digital retailing provider, in April; and F&I vendor American Guardian Warranty Services in January.
In a fifth transaction, Reynolds and Reynolds led a $9.25 capital raise of Sheeva.AI, a firm providing in-car payment and commerce solutions using a patented geolocation technology, in January.
Colonnade Securities LLC, a leading investment bank in the F&I industry, served as the exclusive financial advisor to Reynolds.