OTPPB-backed APCO Holdings to acquire National Auto Care from Lovell Minnick Partners.

Ontario Teachers-backed APCO Holdings, a provider and administrator of F&I products for the auto industry, agreed to acquire National Auto Care, an operating providers of products such as vehicle service contracts, guaranteed asset protection, limited warranty, tire and wheel, from Lovell Minnick Partners, a private equity firm. Financial terms were not disclosed. “We laid out a very ambitious growth plan from the beginning, knowing that we would need to invest heavily in the business to achieve our goals. LMP supported us each step of the way, offering both expertise and resources to help us execute on the vision. As we move into the next chapter, we are excited to unite with APCO, which will enable us to achieve the next set of ambitious growth objectives," Courtney Hoffman, NAC Senior VP of Mergers & Acquisitions.