February 2018

GREENWICH, CT; CHESTERFIELD, MO – Southfield Capital announced an investment in APC Integrated Services Group (“APC” or the “Company”), the pioneer in consumer marketing of vehicle service contracts (“VSCs”) on behalf of automotive dealers, manufacturers and other partner channels. APC’s talented senior management team including Kyle McEvoy, Ken Murer, David Diem and Todd Johansen will be continuing in their current roles.

Founded in 2000 by Ken Murer, a 22 year veteran and pioneer of the VSC after-sale market industry, APC is headquartered in Chesterfield, MO. The Company creates revenue generating programs using advanced database marketing to sell automotive VSCs and ancillary products on behalf of automotive dealers and manufacturers. Through its multichannel marketing services, APC sells VSCs and ancillary programs directly to consumers outside of the point of vehicle sale for original equipment manufacturers, administrators, and dealerships. APC has grown its VSC originations by a 54% annualized growth rate in recent years and nearly doubled its workforce.

APC’s President, Kyle McEvoy commented, “In taking the next step for our company, we wanted to find a partner that values our quality service delivery above all else. We have taken the time to build APC through results for our customers, and we knew we could find that with Southfield. We very much look forward to further building our brand in the industry and to enhance our ability to serve the market with an end-to-end solution.”

Southfield Partner Andy Cook commented on the APC partnership, “Kyle, Ken, David and Todd have built an exceptional business around a core of highly skilled employees and a blue-chip customer base. APC has become the leader in vehicle service contract marketing through attention to detail and dedication to the customer. Southfield looks forward to supporting APC as they expand their service offering to better serve their customers. We could not be more enthusiastic to partner with the APC team as the business goes to the next stage.”

Colonnade Securities LLC acted as the transaction advisor to APC. APC’s President, Kyle McEvoy commented, “We cannot say enough about Colonnade’s effort on our transaction.  They put in long hours and hard work on APC’s behalf. We could not have completed this process without Colonnade.” Ken Murer added, “Colonnade’s efforts to place APC with the right visionary partner like Southfield Capital, helps complete our vision to bring our greatly needed solution to the entire automotive industry. We now have the ability to expand our truly world-class end-to-end program as a result of this transaction.”

Lewis Rice provided legal counsel to APC. Finn Dixon & Herling provided legal counsel to Southfield. East West Bank led the funding syndicate for the transaction.

Southfield also owns Vanguard Dealers Services, Dealership Development, and Centurion Automotive Products, premier agents and administrators of F&I products and services to franchised automobile dealers nationwide.

About APC

Based in Chesterfield, MO, APC, through its multichannel marketing services, sells vehicle service contracts direct to the consumer on behalf of the United States leading original equipment manufacturers, administrators, and dealerships. APC‘s comprehensive solution drives revenue for its partners by selling vehicle service contracts through analytically driven marketing campaigns to customers outside the point of vehicle sale. APC’s end-to-end solution also includes payment plan services, printing capabilities, and data analytics. www.apcisg.com

About Colonnade

Colonnade is a boutique investment banking firm that specializes in merger and acquisition advisory services. The firm provides financial advice to clients in the financial services and business services sectors and advises business owners in selling their companies, buying competitors, and raising capital. www.coladv.com

About Southfield Capital

Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 – 12 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies. www.southfieldcapital.com