National Auto Care Acquires Coffeen Management Company
(PONTE VEDRA BEACH, Florida, October 2020) – Tony Wanderon, CEO of National Auto Care, and Henry Coffeen, the founder of Coffeen Management Company today announced that National Auto Care has acquired Coffeen Management Company (CMC).
CMC is an independent automotive finance & insurance agency based in Texas that has successfully driven profits and provided expert assistance for dealer performance since its founding in 1987.
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, sales force training and logistical support that NAC can offer dealerships in this market.
“Working with Henry and the CMC team has been an honor. I am truly excited about our future together as one team” says National Auto Care’s Senior Vice President, Courtney Wanderon.
CEO Tony Wanderon adds, “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.”
CMC prides itself on identifying the increasingly specialized needs of today’s dealerships. Through innovative processes and products, the company offers income development, evaluation and solutions for variable and fixed operations, cutting-edge technology and excellent customer service, all of which result in increased profits for dealers.
“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,” says Coffeen.
“An acquisition like this puts CMC in the position to be better and stronger, and to offer more options to our clients,” adds David Hopkins. “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.”
Coffeen Management Company further accelerates NAC’s growth strategy, which includes the acquisition of like-minded, high-growth agents. The award-winning F&I product provider announced three other acquisitions since July.