PONTE VEDRA BEACH, Fla. – Courtney Hoffman, Senior VP of Mergers & Acquisitions of National Auto Care (NAC), and Carl Farris the principal of ADS Management Company (ADS) announced that NAC has acquired ADS.
ADS was founded in 1988 by Carl Farris and Steve Menninger. The agency provides dealership development and finance & insurance (F&I) products and services to automobile dealerships throughout the Mid-Atlantic and Southeast regions of the U.S.
Farris and David Dickens will continue to lead the operation from the ADS office in Suffolk, Virginia. By combining with NAC, ADS’ growth will be further accelerated through NAC’s industry leading value-added products, services, claims management, and technology to its existing and new dealer relationships.
“Carl and his team have built one of the leading F&I support companies in the Mid-Atlantic and Southeast by focusing on bringing cutting-edge product offerings to the market, delivering outstanding customer service and developing long-term relationships that benefit its dealer partners,” says Courtney Hoffman.
The commitment of ADS will remain the same: to provide outstanding customer service as well as F&I products that help increase its dealer partners' bottom lines. In addition, ADS also counts community involvement as a cornerstone of its business philosophy, supporting many local and national charitable organizations. Giving back to the community is something that both companies feel strongly about, says Farris.
“I would like to thank our dedicated team for their hard work and our valued dealer customers for their continued support. All of us at ADS are excited to become part of NAC,” says Farris. “Our shared philosophy of superior customer service and performance training for our dealers with the focus on local service was a great fit for our organization. Additionally, our team and dealers will get the benefit of a company that has a national footprint.”
The acquisition of ADS further accelerates NAC’s acquisitive growth strategy, which focuses on partnering with like-minded, high-growth F&I administrators and agents that value a team-oriented culture.