PONTE VEDRA BEACH, Fla. — National Auto Care Corp. and Family
First Dealer Services recently announced an agreement to merge through a
transaction they said will provide the platform for a combined company to excel
as one of the leading finance and insurance providers in the industry.

The companies highlighted 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 chief executive officer. 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 vice president of
FFDS.

After the merger finalizes, officials indicated 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 also will 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 private
investment firm Trivest Partners, the new company believes it will accelerate
the already impressive growth trends at NAC and FFDS.

"NAC and FFDS are perfect complements to each other," Wanderon
said. "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."

Schrank added, "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.

"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," Schrank went on to say.

Executives added the transaction is expected to close in the
next 45 days.

Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.


Normal
0
false
false
false
EN-US
X-NONE
X-NONE

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-fareast-font-family:”Times New Roman”;
mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}