APCO Holdings Acquires National Auto Care from Lovell Minnick Partners
January 3, 2023
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.
- Buyers
- APCO Holdings, LLC, Ontario Teachers' Pension Plan Board
- Targets
- National Auto Care
- Sellers
- Lovell Minnick Partners
- Industry
- Financial Services
- Location
- Florida, United States
- Transaction Type
- Buyout
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