Another auto-finance company specializing in the subprime space now has new ownership.

White Label Holding, a U.S.-based financial group specializing in integrated automotive lending solutions, on Monday announced the full acquisition of National Auto Lenders, which is a non-prime auto financing company with more than 25 years of continuous operation in Florida.

The development surfaced less than three weeks after Global Lending Services (GLS) announced it had entered into a definitive agreement to be acquired by Sixth Street, a global investment firm.

According to a news release posted on social media, White Label Holding highlighted National Auto Lenders has originated more than $1 billion in auto loans, since its founding becoming a key player in providing credit access to underserved consumer segments.

In fact, founder Ozzie Ramos was named the 2016 Subprime Auto Finance Executive of the Year by Cherokee Media Group and presented by Black Book at Used Car Week.

White Label Holding said this strategic acquisition strengthens its footprint in the U.S. lending market and adds a seasoned organization with deep expertise in loan origination, underwriting, and servicing to its financial ecosystem

“We firmly believe that the operational excellence of National Auto Lenders, combined with our innovative vision and infrastructure, will redefine the standards of the auto finance industry,” White Label Holding CEO Diego Verzino said in the news release.

The acquisition reinforces the White Label Holding’s platform, which includes Line Capital, Brio Management Group, Lenderin, Drive Fund Solutions, Fyba Reinsurance, and Fastlane Motors.

As the company enters this new phase, White Label Holding said National Auto Lenders will be gradually integrated into its ecosystem, with brand and operational alignments to be evaluated as part of the group’s long-term strategic roadmap.

“This integration will bring enhanced benefits to borrowers, including more competitive loan rates, improved customer service, and access to a wider range of financial products tailored to their needs,” White Label Holding said. “By leveraging the strengths of both organizations, we aim to provide a superior lending experience that empowers our customers and supports their financial well-being.”