Apco Holdings acquired two companies to fortify the F&I product provider.
According to Apco, the provider acquired Rider’s Advantage to broaden the company’s product portfolio for powersports agents, dealers and lenders.
Apco CEO Tony Wanderon said, “This acquisition increases our ability to deliver the products and services powersports dealers want and need, plus enhances our ability to support dealers across multiple channels.”
Rider’s products are sold by more than 1,000 marine, powersports and RV dealerships.
Rider’s Advantage President Rob Hefner said, “Joining Apco allows us to provide an unprecedented level of value and support to the industry while growing and preserving the integrity of our brand.”
The company additionally acquired Capital Administrative Professionals (CAP). CAP provides F&I products to the RV, automotive and powersports industries.
Wanderon said, “This strategic move strengthens our market position and aligns with our vision of delivering innovative products and solutions for dealers.”
CAP opened in 2021 and supports more than 700 dealers with products, training and services.
CAP President Michael Hunter said, “The resources unlocked by this acquisition are unparalleled in the industry.”
