Irwin Mitchell Advises On Deal

The London office of law firm Irwin Mitchell has advised car rental software provider, Thermeon Worldwide Ltd, on its sale to Valsoft Corporation Inc.

Valsoft is a Montreal-based company specialising in the acquisition and development of vertical market software businesses. Under the agreement, Valsoft has acquired Thermeon’s assets, including its brand name, CARS+. 

Established in 1967, Thermeon’s head office is in Surrey and has other offices in the United States and Australia. Its market-leading CARS+ software provides the tools for a business to run the full car rental process from reservation to accounting and reporting.

The entire management team will continue to lead the business under Valsoft’s ownership. In addition, Valsoft is committed to invest substantially in the car rental industry to drive innovation and digital transformation. 

Bryan Bletso, Corporate partner in Irwin Mitchell’s London office, together with solicitor Charlie Milsom, advised Thermeon Worldwide on the transaction.

Robin Redmile-Gordon, Thermeon’s chairman said: “Our customers and our global team of staff, have always been our most treasured assets, as well as our most important responsibilities because, ultimately, great customer service is what Thermeon has always been about. In seeking a new owner, we wanted someone who would put those two groups of people front and centre. We believe Valsoft is exactly the right company with whom to entrust our precious reputation and that proud tradition.”

Michael Assi, CEO of Travel and Leisure division at Valsoft said: “We are thrilled to welcome Thermeon’s dedicated employees and loyal customers into the Valsoft family. Joining forces with Thermeon has enabled us to achieve an incredible milestone; expand and reinforce our position as global market leader in the Car Rental software industry. Thermeon and Valsoft’s values are shared: a passion for innovation, a world-class customer experience and the desire to grow are all key hallmarks.”