Industry-leading F&I providers combine
APCO Holdings, LLC, a leading provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty brands, has acquired National Auto Care (NAC). The deal was finalized on January 3, 2023.
“We are excited by all the benefits that this acquisition brings to APCO. It completes our national footprint, expands our range of products for automobile and RV dealers, adds new segments like powersports, and strengthens our training and business development capabilities to keep us at the forefront of helping dealers, agents and partners maintain F&I profitability as the market returns to a more traditional, competitive state,” said Finbarr O’Neill, executive chairman of APCO Holdings, LLC.
“Our teams share many similar philosophies in how our companies operate,” said Tony Wanderon, CEO of National Auto Care. “We are all committed to quality and excellence in everything we do, most importantly taking care of customers, helping them optimize their dealer F&I operations while creating a workplace where our employees feel valued. I am confident that our future is bright.”
Scot Eisenfelder stepped down from his role as CEO of APCO Holdings effective with the closing. “Scot added immense value to this organization during his tenure. We thank Scot for his dedicated leadership and the progress made in this very challenging market”, said O’Neill.
Wanderon is now CEO of the new combined company. “We look forward to Tony’s leadership, leveraging his deep experience in the F&I arena, his demonstrated history of building strong businesses to successfully support auto retail F&I operations, while creating a strong customer-oriented culture.”
APCO’s and National Auto Care’s shared expertise and complementary offerings will be leveraged to help dealers meet changing market needs, such as the continued emergence of digital retailing and EV sales. The expansive, combined F&I product suite will allow dealers to capture more revenue through increased sales opportunities, including additional EV offerings, high-mileage products, access to the MotorTrend Certified program and expertise in both RV and powersports industries.
