New F&I company will house a number of brands
April 6, 2010
Filed under Features
The formation of an umbrella holding company that will house seven industry brands has been announced.
That new company, Interstate National Corp., will be comprised of Interstate National Dealer Services, National Warranty Corporation/Payment Insured Plan Inc., MBAC, Provida Group, RpmOne and INDS Canada.
“This umbrella company will offer an additional level of strength, stability and tenure, plus a full suite of F&I products and services to our valued producers,” CEO Shaun Fetherston said in a press release. “Our long-term goal is for this umbrella company to enhance each subsidiary’s level of service, expertise and products.”
Interstate National Dealer Service (INDS) and INDS Canada are full-service, F&I product providers with a stronghold in the service contract sector targeting the auto, RV, banking/financial and powersports industries with a full range of products, including StarAuto, StarRV, StarSport & AutoGuard.
RpmOne is a provider of service contract products for the powersports sector while National Warranty Corp. is a stronghold in the Northwest U.S., providing the automotive industry with aggressive service contract products to both franchise and independent dealers. Provida Group offers direct-to-consumer service contract products, and MBAC focuses on service contract product sales through banking and financial institution channels.
“An umbrella holding company is the best way to collectively bring power, strength and stability to our family of products,” Fetherston said.