--- title: "Capstreet-backed CBC Acquires CreditDriver Solutions, A Next Generation in Soft Prequalification and Credit Building for the Auto Industry" description: "Credit Bureau Connection (“CBC” or “the Company”), a provider of credit report and compliance solutions to automotive dealers, lenders, and other end..." url: https://capstreet.multisites.ai/news/capstreet-backed-cbc-acquires-creditdriver-solutions-a-next-generation-in-soft-prequalification-and-credit-building-for-the-auto-industry publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # Capstreet-backed CBC Acquires CreditDriver Solutions, A Next Generation in Soft Prequalification and Credit Building for the Auto Industry AutomotivePublished October 26, 20223 min read ![Capstreet team members at Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_Z23gxjt.webp) Credit Bureau Connection (“CBC” or “the Company”), a provider of credit report and compliance solutions to automotive dealers, lenders, and other end markets, today announced the acquisition of CreditDriver Solutions, a soft credit technology provider offering lead generation and sales enablement tools. Founder and CEO Michael Byrd will join CBC as Senior Vice President of Sales. CBC is backed by Capstreet, a Houston-based lower middle market private equity firm. Terms of the transaction were not disclosed. CreditDriver Solutions’ primary product is CreditDriver, a mobile-first consumer authentication and prequalification solution for the automotive credit industry. CreditDriver’s Device ID utilizes mobile carrier data to authenticate a consumer’s identity, allowing for real-time pre-fill of consumer data and instant delivery of relevant credit data, including their current automotive tradeline and monthly payment power. Consumers benefit from a frictionless and secure experience to get prequalified within seconds, while dealers get better visibility into their consumers’ profiles. This allows them to more easily identify the best vehicles for purchase and virtually eliminates digital fraud and identity theft at the first step. A secondary product, ApplicantOne, helps dealers and companies hire more qualified applicants by automating the hiring process. “Expanding our technology portfolio is a priority for us, and CreditDriver’s state-of-the-art technology creates value drivers throughout the auto sales process and is emblematic of our commitment to innovation,” said David Carner, CEO of CBC. “I am eager to welcome Mike and his experienced team to the Company.” “Our solutions help dealers increase sales by better identifying consumers who are prequalified and currently in the market for a new vehicle,” said Mr. Byrd. “Joining forces with CBC provides us with additional resources for growth, and I’m excited to see CreditDriver incorporated into an end-to-end process from lead generation through compliance to completion.” “This acquisition presents a compelling investment opportunity for CBC,” added Rick Pleczko, CEO, Operating Executive Group at Capstreet and Executive Chair at CBC. “CreditDriver’s credit-building white-label solution has potential applications beyond the automotive market, and we’re excited about possible growth opportunities.” Willkie Farr & Gallagher LLP provided legal counsel, while Deloitte acted as financial advisor, for CBC. ## About CBC CBC offers credit report and compliance solutions to the automotive and general consumer finance industries across the United States. The Company optimizes and automates the consumer finance qualification process through a fast, easy-to-use, and secure software platform made available to its extensive network of software affiliate partners. CBC’s products and solutions place a heavy emphasis on compliance and identity verification to support the credit application and credit report process. Please visit [www.creditbureauconnection.com](http://www.creditbureauconnection.com/) for additional information. ## About Capstreet Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework™ to help accelerate growth and profitability, and help create long term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, [www.capstreet.com](https://capstreet.multisites.ai/). ## Terms on this page - [Lower Middle Market](https://capstreet.multisites.ai/glossary/lower-middle-market) - [Private Equity](https://capstreet.multisites.ai/glossary/private-equity) ## Keep reading - [Automotive technology private equity for dealer-focused companiesCapstreet invests in automotive technology businesses that help dealerships. The firm targets solutions for sales, marketing, finance and insurance, and service lane operations. It describes several recent investments in the sector and looks for owners with $3 to $15 million of EBITDA who want a majority capital partner.](https://capstreet.multisites.ai/industries/automotive) - [Business Succession and Exit Options: How to Choose the Right Next Step for Your CompanyOwners have five main exit paths: transfer to family, sell to management, sell to employees through an ESOP, sell to a strategic buyer, or partner with private equity. Each trades price, speed, control and legacy differently. Start planning at least three to five years before you want to step back.](https://capstreet.multisites.ai/business-succession-and-exit-options) - [Buy and Build Strategy: How a Platform Company Grows Through Add-On AcquisitionsA buy and build strategy starts with one well-run platform company and adds smaller businesses to it over time. The goal is a larger, more capable company than any single piece could be. It fits fragmented industries best. Owners of smaller firms can sell to a platform and often stay on.](https://capstreet.multisites.ai/buy-and-build-strategy) - [Construction technology private equity for software ownersCapstreet believes technology can drive large changes in construction efficiency and project delivery. It targets software businesses that support project and financial management for general contractors and sub-contractors. The firm sees the industry as early on its technology adoption curve and looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/construction) - [Capstreet deal criteria: the companies we look forCapstreet looks for entrepreneur-owned business services companies with $3 to $15 million of EBITDA. We make primarily majority investments, and entrepreneurs reinvest alongside Capstreet. We want a tenured team, solid financials, a defensive business model, untapped growth potential and a niche advantage. We invest across 12 industries.](https://capstreet.multisites.ai/deal-criteria) - [The due diligence checklist for owners selling to private equityDue diligence is the buyer's check of your business after you sign a letter of intent. Private equity firms review five areas: financial (quality of earnings), operations, tax, HR and benefits, and legal. Owners who gather clean records before the process starts shorten it and face fewer surprises.](https://capstreet.multisites.ai/guides/due-diligence-checklist-for-owners) ## Ready to get started? Let’s talk. Tell us about your company and what you want next. Conversations are private, and there is no obligation. [Start a conversation](https://capstreet.multisites.ai/contact) [(713) 332-2700](tel:+1-713-332-2700)[connect@capstreet.com](mailto:connect@capstreet.com) ![Capstreet team members at a Houston elementary school for Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_tggWP.webp)