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Renamed Carmel financing firm planning big growth

IBJ Staff
February 1, 2013
Keywords
Banking & Finance, Economic Development, Government & Economic Development, Headquarters Relocations, Job Creation, Loans, Transportation, Distribution & Logistics
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An automotive dealership financing company headquartered in Carmel has been acquired by an Atlanta competitor and expects to double its work force over the next year.

Atlanta-based Manheim Inc. acquired locally based Dealer Services Corp. in March and combined it with its financial services division, Manheim Automotive Financial Services. The combined unit is now called NextGear Capital, the company announced Friday.

NextGear will be headquartered in Carmel and will begin moving next month from City Center Drive to an office about a mile south once occupied by CNO Financial Group predecessor Conseco Inc.

The merged company will more than double its office space, to 98,000 square feet, giving it enough room to accommodate growth, NextGear President Brian Geitner said.

NextGear now has 225 employees in Carmel and expects to grow to 450 sometime next year through relocations from Atlanta and new hires, he said. Most of the jobs are in customer service and administrative positions.

The company provides automotive financing options for more than 17,000 dealers and 1,000 auctions in the United States and Canada.

Dealer Services Corp. was founded in 2005.
 

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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