APCO Acquires Automotive Development Group
The acquisition brings together two firms that have been connected since 1992, with ADG serving as APCO’s largest independent agency for seven of those years, including the last two.
NORCROSS, Ga. — F&I product marketer and administrator APCO Holdings Inc. (APCO) said this week it has acquired Automotive Development Group LLC (ADG) from The Zabel Companies LLC, a private investment firm.
According to APCO officials, ADG senior management will remain shareholders, while the firm’s management team will continue operating the independent agency as a separate business operation. The two firms have been connected since 1992, with ADG serving as APCO’s largest independent agency for seven of those years, including the last two.
“Their biggest asset is their people. Greg English, Brad Tyson, John Hensley and their team deliver outstanding results for the automobile dealerships they work with,” said APCO CEO Larry Dorfman. “They truly focus on helping others succeed and their service mentality and responsible business practices really fit our APCO core values. We are thrilled to have them be officially a part of our company.”
English, president of ADG, added: “APCO and EasyCare have been a significant part of our success over the years and our relationship has gotten stronger as we continue to realize the positive impact we can have on the consumer and dealership experience when we work together. With APCO’s vision and resources, and our exceptional team of in dealership performance drivers, we know we can really help our current and future dealers achieve more.”
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