GWC Warranty and Nicholas Financial Form Strategic Alliance

WILKES-BARRE, Pa., March 13, 2018 /PRNewswire/ -- GWC Warranty, a leading provider of vehicle service contracts sold through automotive dealers, recently announced a strategic alliance with Nicholas Financial, a provider of direct consumer loans and installment sales contracts from automobile dealers for used cars and light trucks.

Nicholas Financial operates a network of 63 locations in 18 states spanning the Southeastern and Midwestern United States. Nicholas, which was established in 1987, is one of the largest publicly traded specialty consumer finance companies in North America.

"GWC's partnership with Nicholas Financial is yet another example of our company's commitment to delivering a best-in-class experience that helps dealer generate strong referrals and repeat buyers," said Rob Glander, CEO and President of GWC Warranty. "By aligning with Nicholas, we now have a partner to help us in continuing to share the 'No Worries, Just Drive' experience we provide dealers and their customers nationwide."

The strategic alliance will offer both automotive dealers and consumers more convenient and seamless access to quality financing and best-in-class service contracts. Through its established and growing dealer network, Nicholas will now offer GWC vehicle service contracts, providing its dealers and their customers the confidence that comes along with GWC's track record of paying more than $3.5 billion in claims to date as part of APCO Holdings.

"At Nicholas, we offer dealers the opportunity to increase sales and maximize profits through financing programs tailored to both the customer and the dealer," said Nicholas President and CEO Doug Marohn. "GWC, much like the team at Nicholas shares a passion for helping dealers create repeat sales. This customer-focused approach to vehicle service contract and claims administration made this partnership a natural fit."

About GWC Warranty
Established in 1995, GWC Warranty is the largest, best-in-class provider of used vehicle service contracts in the automotive industry, having helped bring a "No Worries, Just Drive" experience to more than 8.5 million drivers nationwide as part of APCO Holdings. Named a Motor Trend^® Recommended Best Buy for Independent Dealers and rated A+ by the Better Business Bureau, GWC Warranty is committed to providing its dealer partners with service, products, training and technology to make them more successful. Along with Georgia-based EasyCare, GWC Warranty is part of APCO Holdings, whose majority shareholder is Toronto-based Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan with over $130 billion in net assets. For more information about GWC Warranty please visit www.GWCwarranty.com.

About Nicholas Financial, Inc.
Nicholas Financial, Inc. provides direct consumer loans and purchases installment sales contracts from automobile dealers for used cars and light trucks. Another subsidiary, Nicholas Data Services, Inc. (NDS), acts as the interim holding company for Nicholas Financial. Nicholas Financial operates a network of 63 branch offices in 18 states including Alabama, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Wisconsin. The Company originates Direct Loans in Florida and North Carolina. Corporate headquarters is located in Clearwater, Florida.

SOURCE GWC Warranty

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