Ponte Vedra Beach-based National Auto Care was recently acquired by APCO Holdings LLC, a provider and administrator of automotive finance and insurance products.
“Our teams share many similar philosophies in how our companies operate,” Wanderon said in the release. “We are all committed to quality and excellence in everything we do, most importantly taking care of customers, helping them optimize their dealer F&I operations while creating a workplace where our employees feel valued. I am confident that our future is bright.”
While terms of the transaction will not be released, it was substantially financed by an equity injection by majority shareholder Ontario Teachers’ Pension Plan Board, as well as third-party debt financing.
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