Finance and insurance provider and administrator APCO Holdings on Jan. 3 bought competitor National Auto Care, creating one of the industry's largest providers.
Tony Wanderon, 60, who led National Auto Care as CEO, replaced Scot Eisenfelder as CEO of APCO Holdings. Eisenfelder left APCO, the company said.
Leadership from both companies would not disclose the purchase price, but Wanderon told Automotive News combined revenue for the companies is close to $300 million.
Wanderon said he and APCO President John Lee had been discussing ways to merge their companies, "and finally, we had the opportunity this past year to be able to put that in play and close today."
"We're going to be one of the top two or three providers in the country at the size and scale that we are today," Wanderon added. "Our focus is really going to be driven around adding dealer profitability and adding value to our relationships in the marketplace and investing heavily as we ne…