NAC & FFDS Announce Plan to Merge
PONTE VEDRA BEACH, Fla., Sept. 13, 2013 /PRNewswire-iReach/ -- National Auto Care Corp. (NAC) and Family First Dealer Services, LLC (FFDS) are pleased to announce an agreement has been reached to merge the two companies. The transaction will provide the platform for the combined company to excel as one of the leading finance and insurance providers in the automotive industry.
The merger will bring together the stability, infrastructure and long-standing history of NAC's vehicle service contract business with FFDS' cutting edge innovation and full suite of ancillary products. Tony Wanderon, President and Founder of FFDS, will lead the newly combined NAC entity as CEO. Christina Schrank, with nearly 20 years of experience, will continue in her current role as President of NAC, and Courtney Wanderon will assume the role of Executive VP of FFDS.
Post-merger, the new company plans to multiply its efforts and create a one-stop administrative resource for an expansive portfolio of products, leading edge programs and best-in-class customer service to agents, their dealers, OEMs and financial institutions nationwide. The combined company will also focus on providing innovative technology solutions, marketing services and branding support to enhance the growth and profitability of its customer network. Coupled with the solid financial backing of Trivest Partners, the new company will accelerate the already impressive growth trends at NAC and FFDS.
Tony Wanderon stated, "NAC and FFDS are perfect complements to each other. With FFDS' innovation and ancillary product portfolio and NAC's infrastructure and strong VSC business, we are excited about the future of the combined business and our expanded ability to provide our partners with the tools and resources they need in this ever changing market."
"NAC and FFDS are both companies who are dedicated to quality products and impeccable customer service; Together, we will not only have the ability to stand true to those commitments, we will also have the combined capacity to expand and heighten them in the future," stated Christina Schrank. "This transaction will provide a centralized resource for our agents and dealers, increase our overall capabilities, and empower new solutions and success for our customers."
The transaction is expected to close in the next 45 days.
Founded by dealers for dealers, NAC administers and markets tailor-made programs for agents, dealers and financial institutions nationwide. Established in 1984, NAC is known for their family-based business approach, willingness to listen, longstanding partnerships and dedication to meeting client needs. For additional information, please visit www.nacsolution.com.
About Family First Dealer Services:
Family First Dealer Services, LLC (FFDS) is a provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators, credit unions and auto manufacturers nationwide. FFDS' core focus is on providing unique F&I product offerings. For additional information, please visit www.ffds1.com.
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since being founded in 1981, Trivest related entities have completed nearly 200 transactions, totaling over $5.0 billion in value. For additional information, please visit www.trivest.com.
Media Contact: Zack Matta, Family First Dealer Services, 9042854401, firstname.lastname@example.org
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