Courtney Hoffman, Senior VP of Mergers & Acquisitions of National Auto Care today announced that National Auto Care has acquired five agencies – Profit Concepts, Pinnacle Dealer Services, Pritchard Insurance, RRC Companies (RRC) and Ace Financial Development Group (AFDG).
The announcement is made in partnership with the agencies’ principals – President Dave Griffiths of Profit Concepts; owner Rod Watson and VP of Sales Gene Patton of Pinnacle Dealer Services; owner Dave Pritchard and President Greg Welch of Pritchard Insurance; owner Rodney Porter of RRC Companies; and President Tim Bartholomew of Ace Financial Development Group.
The executive teams of each agency will continue to manage day-to-day operations of its office with the added support of NAC’s industry-leading products and best-in-class claims management capabilities.
“Expansion on the West Coast is an important piece of our agency acquisition strategy. These transactions enable us to continue to increase NAC’s current footprint in this market,” says Hoffman. “We are excited about our future partnership with these agencies. People make the difference.”
CEO Tony Wanderon adds, “It’s with great pride that we bring these agencies into the NAC Family knowing their history of forward-thinking innovation in the F&I space.”
“As a combined company, the opportunities for growth are immense as we join forces with NAC’s nationwide team. The new systems, NAC team members, training for our dealers and new programs are all industry leading. National Auto Care’s generosity to both me and my employees will never be forgotten,” he says.
The acquisitions of these five agencies further accelerate NAC’s acquisitive growth strategy, which focuses on partnering with like-minded, high-growth agents that value a team-oriented culture.
