Interstate National's Stars Land World Headquarters in Atlanta

Apr 08, 2010, 09:08 ET from Interstate National Corp.

ATLANTA, April 8 /PRNewswire/ -- Interstate National Corp., a portfolio company of Golden Gate Capital, announced relocation plans for their World Headquarters in Atlanta are near completion.  

Interstate National's new headquarters will house their family of seven industry-leading brands including Interstate National Dealer Services (INDS), National Warranty Corp. / Payment Insured Plan, Inc. (NWC), Provida Group, MBAC, INDS Canada and RpmOne's management, sales and call center teams.  The new facility will accommodate a team of seasoned professionals relocating from regional offices, fresh talent from the Atlanta market and top industry leaders from around the country.  "We are proud to hire numerous professionals from the Atlanta area which is rich in automotive industry talent and professionalism," Interstate CEO, Shaun Fetherston announced.

"Our new headquarters will not only have state-of-the-art technology for our call center and customer service team, but we'll also offer everyday operational enhancements to enable our level of service to top industry standards.   Most importantly, our customers and producers will see no interruption in service during this rapid transition," Fetherston added.

Atlanta was chosen over five top metropolitan areas around the country due to travel availability with the world's largest airport within miles, cost of real estate, talent pool and overall cost of living.  "We look forward to re-investing into our company to enhance the level of service and products and continue to grow into this next decade," Fetherston concluded.

About Interstate National Corporation

Interstate National, headquartered in Atlanta, Georgia, offers producers 35-years of experience with nearly 3 million claims sold and $1 billion in paid claims to over 1.5 million customers.  In addition, Interstate National partners with over 3,000 producers in the U.S. and Canada and has distributed over one-quarter of a billion dollars in underwriting gains and re-investment income.

About Golden Gate Capital

Golden Gate Capital, headquartered in San Francisco, is a global private equity investment firm with approximately $9.0 billion of capital under management. Investors include leading educational endowments, non-profit foundations, and selected financial institutions, entrepreneurs and managers. The firm's charter is to invest in change-intensive and growth-oriented situations where there is a demonstrable opportunity to significantly enhance a company's value. The Principals of Golden Gate Capital have completed approximately 140 such transactions aggregating to over $19 billion in enterprise value across all major sectors of the economy. For more information, visit www.goldengatecap.com.

SOURCE Interstate National Corp.



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