NAC completes fourth independent F&I agency acquisition of 2020


Make that four acquisitions so far this year for National Auto Care.

NAC, which has provided F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators and credit unions for more than 35 years, announced on Wednesday that it has acquired Coffeen Management Co., an independent automotive F&I agency based in Texas.

NAC now has acquired four firms since July, including last week’s move involving Assurance Marketing, Inc., an independent automotive F&I agency based in Oklahoma that has provided products, services and training to dealers for 30 years. NAC also added Excel Auto Partners out of North Carolina in August and Chicago-based Diversified Management Group in July.

National Auto Care indicated that Coffeen’s executive team including president David Hopkins will continue to manage the day-to-day operations of CMC’s Dallas-area office, bolstering the marketing, salesforce training and logistical support that NAC can offer dealerships in this market. Henry Coffeen founded in 1987.

“Working with Henry and the CMC team has been an honor. I am truly excited about our future together as one team” National Auto Care senior vice president Courtney Wanderon said in a news release.

NAC chief executive officer Tony Wanderon added, “With a team full of seasoned F&I professionals who all bring significant and diverse industry experience, CMC shares a kindred spirit with National Auto Care. I am excited to bring them into the NAC family.”

Both Hopkins and Henry Coffeen shared their perspectives on Wednesday’s development.

“This relationship with National Auto Care gives me the opportunity to maintain CMC and its legacy. I know that we will continue to be in a position of strength with NAC, along with CMC President David Hopkins and my entire team who will continue to put our loyal clients first,” Coffeen said.

And Hopkins went on to say, “An acquisition like this puts CMC in the position to be better and stronger, and to offer more options to our clients. They will always be our top priority, and I look forward to offering them new resources with the backing of NAC and the same objective guidance for what is best for their businesses.”

For more information, visit

Source Article