The United Servicers Association (USA) has announced plans to merge with the North American Retail Dealers Association (NARDA), in a move that will make USA the Service Division of NARDA.
"The partnership between NARDA and USA created through The Service & Retail Convention and numerous other areas of common interest laid the foundation for one cohesive association that can bring greater value to our members and better address challenges and opportunities," says Paul MacDonald, USA’s Board President. "Industry consolidation is here to stay. We are not only better off as one organization, we are excited about the many potential opportunities ahead."
According to NARDA Chairman Leon Barbachano, under the plan USA assumes one of seven board seats on NARDA’s newly reorganized board. "USA members will bring NARDA additional expertise in the service arena. USA members are well known for being among the best of the best servicers. The merger further demonstrates NARDA’s commitment to the Service segment of the business".
The combined association will be headquartered in Glenview, Ill., and officers and directors of the newly combined organization are expected to be announced in the coming weeks after approval by the general memberships and completion of the merger agreement. Combined, the two associations have more than $11 billion in annual sales.
For more information, visit www.narda.com.
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