NCM Associates has acquired Sioux Falls, South Dakota-based Spader Business Management and its subsidiary, A World of Training, effective Aug. 31.
With this merger, NCM, the originator of the first automotive 20 Group in 1947, said it will further expand its footprint of products and services into several non-automotive industries while maintaining North America’s largest database of financial data and operational metrics.
“Building off the foundation established by his father and Spader Business Management founder Duane Spader, John Spader has built an enviable business built on a culture of trust,” said NCM President and CEO Paul Faletti. “The employees of NCM are honored to have the opportunity to partner with their talented associates and their outstanding roster of clients.”
Spader Business Management, with 45 years of experience, has established itself as the premier 20 Group and training provider across several industries, including RV, powersports and marine.
“Merging the resources of Spader Business Management with those of NCM will allow for us to accelerate the execution of many of our planned strategies,” said John Spader, president of Spader Business Management. “We feel the combined organizations will bring many great resources and offerings to our clients that would not have happened independently.”
The companies say they expect business as usual for its customers. John Spader will join the executive leadership team of NCM Associates and its corporate office and training facility will continue to be located in Sioux Falls.
