National Auto Care Acquires Five F&I Agencies
August 24, 2021
National Auto Care (NAC) acquired five independent finance & insurance (F&I) agencies — Profit Concepts, Pinnacle Dealer Services, Pritchard Insurance, RRC Companies, and Ace Financial Development Group — to accelerate its West Coast and Midwest expansion. The agencies’ principals will remain involved in day-to-day operations while leveraging NAC’s products, claims management and technology to grow dealer relationships and geographic footprint.
- Buyers
- National Auto Care Corporation
- Targets
- Profit Concepts, Pinnacle Dealer Services, Pritchard Insurance, RRC Companies, Ace Financial Development Group
- Sellers
- Dave Griffiths (Profit Concepts), Rod Watson (Pinnacle Dealer Services), Gene Patton (Pinnacle Dealer Services), Dave Pritchard (Pritchard Insurance), Greg Welch (Pritchard Insurance), Rodney Porter (RRC Companies), Tim Bartholomew (Ace Financial Development Group)
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
National Auto Care Acquires Mojo Consulting LLC
October 19, 2021
Automotive
National Auto Care (NAC) has acquired Mojo Consulting LLC, an Oklahoma City-based finance & insurance (F&I) agency serving auto, RV, and powersports dealers. The deal expands NAC's presence in the Midwest and strengthens its F&I sales and training capabilities, with Mojo's founder Adam Hawthorne remaining in an operational role.
-
APCO Holdings Acquires National Auto Care from Lovell Minnick Partners
January 3, 2023
Financial Services
APCO Holdings, LLC has acquired National Auto Care (NAC) from Lovell Minnick Partners, combining two leading Finance & Insurance (F&I) administrators to create a nationwide F&I platform. The deal was financed substantially by an equity injection from majority shareholder Ontario Teachers' Pension Plan Board alongside third-party debt; Tony Wanderon, former CEO of NAC, becomes CEO of APCO after the transaction.
-
Xcite Automotive Acquires Pinnacle Automotive
April 18, 2024
Automotive
Xcite Automotive has acquired Pinnacle Automotive, including its Diamond Dealer Services and Diamond Digital PRO platforms, to expand its reconditioning, merchandising and inventory workflow capabilities. The Pinnacle assets will be integrated into Xcite's ReconLogic and Frontline platforms; Camden Partners (a Baltimore-based private equity firm) also joined Xcite's board as part of the announcement.
-
NFP Acquires Assets of SDN Insurance Agency from Financial Institutions, Inc.
April 1, 2024
Insurance
NFP has acquired the assets of SDN Insurance Agency from Financial Institutions, Inc., expanding NFP's presence in the Buffalo and Rochester markets and strengthening its commercial P&C and benefits capabilities in Western New York. Bill Gallagher, president of SDN, will join NFP and report to Mike Walsh as part of the integration.
-
PCF Insurance Services Acquires Direct Dealer Services
December 7, 2022
Insurance
PCF Insurance Services, a top-20 U.S. insurance brokerage based in Lehi, Utah, has acquired Direct Dealer Services (DDS), an automotive finance & insurance (F&I) firm headquartered in Hoffman Estates, Illinois. The acquisition expands PCF's F&I capabilities and product offerings for dealer, agent and lender partners; terms were not disclosed.
-
Fidelity National Financial Acquires Four Title and Escrow Agencies in St. Louis / Southern Illinois
November 10, 2022
Real Estate
Fidelity National Financial, Inc. announced the acquisition of St. Louis Title, Security Title Insurance Agency, Accurate Disbursing of St. Louis, and Benchmark Title of Southern Illinois. The deal brings local title, escrow and disbursing teams into FNF’s national platform to expand its service footprint in the St. Louis metropolitan area and Southern Illinois; John Schaefer will continue to lead operations.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.