Byrider

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Byrider (formerly J.D. Byrider), stylized as byrider, is a Carmel, Indiana-based buy here pay here dealership franchise founded by James F. DeVoe Sr. in 1989.

Byrider operates over 145 dealership locations across the US, with the majority franchise-owned. They specialize in auto financing for individuals with bad or no credit.

In May 2011, J.D. Byrider announced its acquisition by Altamont Capital Partners, a private equity firm based near San Francisco. The acquisition injected the capital needed for J.D. Byrider’s continued growth. [1]

Altamont Capital Partners acquisition

During the second quarter of 2011, J.D. Byrider, formerly a family owned and operated business, was acquired for an undisclosed amount by Altamont Capital Partners, based near San Francisco, CA. In less than two years, J.D. Byrider locations have grown by 33, and company owned and operated stores by 10. [2]

Government action

Notes

  1. Acquired by Altamont Capital Partners
  2. http://www.themiddlemarket.com/news/altamont-jd-byrider-acquire-new-fund-219191-1.html
  3. http://migration.kentucky.gov/Newsroom/aag/byriderrefundpayments.htm
  4. Columbus Dispatch story
  5. Ohio BBB Report Archived 2014-04-16 at the Wayback Machine
  6. "Archived copy". Archived from the original on 2012-09-11. Retrieved 2013-04-12.CS1 maint: archived copy as title (link)

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