National Auto Care acquires another independent F&I agency
For the second time in less than a month, National Auto Care has grown its F&I business through an acquisition.
According to a news release distributed on Tuesday, National Auto Care chief executive officer Tony Wanderon and Sharron Anania, the principal of Excel Auto Partners, announced that NAC has acquired the assets of Excel.
Excel is an independent F&I agency based in North Carolina that has successfully driven profits for its dealership clients since the agency’s founding in 2012.
The acquisition arrived just a few weeks after NAC acquired Diversified Management Group (DMG), an independent F&I agency based in Chicago.
NAC indicated that Anania will continue to manage the day-to-day operations of Excel’s Raleigh, N.C., office, helping expand NAC’s presence there, and she will bring a wealth of knowledge in training and sales that will bolster sales leadership within NAC.
“I have had the pleasure of knowing Sharron for many years,” NAC senior vice president Courtney Wanderon said. “She has been a valued agency partner of ours in the North Carolina market with an outstanding work ethic and a proven ability to support and train her clients with a focus on compliance and profitability, making her one of the best in the business today.”
NAC mentioned the transaction officially closed Aug. 7.
The company highlighted Excel’s strengths include analyzing, developing and enhancing programs and training for automotive dealers. Additionally, Anania is an accredited member of the Association of Finance and Insurance Professionals (AFIP).
“Excel Auto Partners and National Auto Care share so many important core values. With my experience and expertise, plus NAC’s strong reputation in the industry for innovation, technology and customer service excellence, I am confident this will be a successful partnership,” Anania said.
Tony Wanderon added, “Sharron’s experience and commitment to the industry and to her clients was a key driver in our decision to acquire Excel Auto Partners. In addition, it was clear that our cultures aligned as it related to putting our customers first. I am excited for Sharron and her team to join the NAC family.”