M&A Deal Summary

National Auto Care Acquires Profit Concepts

On August 24, 2021, National Auto Care acquired business services company Profit Concepts

Acquisition Highlights
  • This is National Auto Care’s 1st transaction in the Business Services sector.
  • This is National Auto Care’s 1st transaction in the United States.
  • This is National Auto Care’s 1st transaction in Utah.

M&A Deal Summary

Date 2021-08-24
Target Profit Concepts
Sector Business Services
Buyer(s) National Auto Care
Deal Type Add-on Acquisition

Target

Profit Concepts

Ogden, Utah, United States
Profit Concepts provides service agreements from various administrators covering vehicles over a broad span of mileage and time. Service agreements range from 3 months and 3,000 miles to 10 years and 150,000 miles. Profit Concepts was founded in 1979 and is based in Ogden, Utah.

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Buyer(S) 1

Buyer

National Auto Care

Westerville, Ohio, United States

Category Company
Founded 1984
Sector Business Services
DESCRIPTION

National Auto Care is a provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators, and credit unions. National Auto Care focuses on increasing agent and dealer profitability by providing unique F&I products in protected markets. National Auto Care was recently named a Top Workplace in Central Ohio for the third year running and was honored with a 2018 Dealer’s Choice Platinum Award for F&I Products. NAC was founded in 1984 and is based in Westerville, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1