NORCROSS, Ga.—January 3, 2023— 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.
National Auto Care is a highly respected provider of F&I products, administration, consulting services, training, and marketing support. With more than 35 years of demonstrated success, NAC provides products and services to thousands of auto, RV, and powersports dealers, credit unions and financial institutions.
“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.”
Mr. 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 Executive Chairman O’Neill.
Mr. 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.
About APCO Holdings, LLC
Since 1984, APCO has grown to become a leading provider and administrator of F&I products for the auto industry. Built on a foundation of financial security and a commitment to understanding our customers’ needs, APCO is a trusted partner to some of the most well-respected insurers, highly successful dealerships, and leading auto industry players in the country. The company markets its products using the EasyCare, GWC Warranty, and MemberCare brands, as well as other private label products, through a network of independent agents and an internal salesforce that specialize in consulting with and servicing the automotive dealership markets. EasyCare, GWC Warranty, and MemberCare F&I products are the only “MotorTrend® Recommended Best Buy” in the industry. They also carry top ratings from the Better Business Bureau, have protected over 11 million customers, and have paid over $3.5 billion in claims.
About National Auto Care
NAC is one of the longest operating providers of products such as vehicle service contracts, guaranteed asset protection, limited warranty, tire and wheel and a full suite of ancillary protection products nationwide. NAC provides F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, auto dealers, RV dealers, powersports dealers, financial institutions, third-party administrators, and credit unions.
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