ATLANTA, Ga. - The formation of Interstate National, a portfolio company of Golden Gate Capital, was announced as an umbrella holding company to house a family of seven powerful brands.

Interstate National Corp. (IN) comprises Interstate National Dealer Services, National Warranty Corp./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. "Our long-term goal is for this umbrella company to enhance each subsidiary's level of service, expertise and products."

INDS and INDS Canada are full-service F&I product providers with a stronghold in the U.S. and Canada service contract sector. RpmOne is a leader in service contract providers for the sports sector while National Warranty Corp. is stronghold in the Northwest United States. Provida Group offers direct-to-consumer service contract products and MBAC focuses on service contract product sales through banking and financial institution channels.

"Because of recent consolidations of such powerful and solid brands, we want to keep each of their names in the forefront," Fetherston said. "An umbrella holding company is the best way to collectively bring power, strength and stability to our family of products."