Dealer Solutions Mergers and Acquisitions (DSMA) has just entered into a dealer network development services agreement with Vicinity Motor Corporation, a North American supplier of commercial electric vehicles. The purpose of the agreement is to “enhance North American market penetration for its industry-leading, Class 3 VMC 1200 all-electric trucks”.
Farid Ahmad, Founder and CEO of DSMA, said, “We believe there is a tremendous market demand for a fully electric Class 3 commercial EV such as the VMC 1200 and look forward to leveraging our expertise to expedite the entry of this flagship vehicle into key markets across North America.”
DSMA will assist Vicinity in identifying and establishing dealer performance criteria, metrics, and guidelines for selecting and prioritizing dealership opportunities, setting the strategy for “early adopters”, prioritizing geographic focus and helping define opportunities to enter different markets or introduce new vehicle offerings.
“DSMA is the premier transaction originator and advisor in the North American automotive and heavy equipment sectors, with an unrivalled ability to reach any dealer in Canada or the United States,” said John LaGourgue, VP Sales and Corporate Development at Vicinity Motor Corp. “By working with DSMA, we will be able to more rapidly secure high-value dealer partnerships that will maximize our ability to deliver VMC 1200 trucks to market while ensuring the highest level of customer service and satisfaction.”
“We believe that our VMC 1200 truck, and those interested in acquiring the first all-electric Class 3 truck, are best served by automotive and commercial equipment dealers that are already established in their markets and have a deep understanding of the local customer base,” said William Trainer, Vicinity’s Founder and CEO.
