Colonnade advises The Reynolds and Reynolds Company on its acquisition of American Guardian Warranty Services

January 26, 2023 The Reynolds and Reynolds Company announced today the acquisition of American Guardian Warranty Services (AGWS), a premier provider of vehicle service contracts, limited warranties, and other F&I products and services. The acquisition will provide a clear path for dealers looking to streamline selling aftermarket products no matter where the customer is – online, in-store, or a combination of the two. “Consumers are demonstrating that regardless of how they shop, they see growing value in F&I products. But they expect to be educated and they expect accurate pricing,” said Chris Walsh, president of Reynolds. “AGWS has proven to be the leader in aftermarket … [Read more...]

Matrix Warranty Solutions Arranged a $20 Million Senior Credit Facility with CIBC USA

December 30, 2021 Matrix Warranty Solutions arranged a $20 million senior credit facility with CIBC USA. Terms were not disclosed. Colonnade Securities LLC acted as financial advisor to Matrix Warranty Solutions.  About Matrix Warranty Solutions and Everything Breaks Headquartered in Dallas, Texas, Matrix Warranty Solutions is the fastest growing direct-to-consumer service contract company. It began operations in 2016 by offering vehicle service contracts and has since expanded into providing extended warranties on a full suite of consumer products including electronics and household appliances. Matrix is the founder of Everything Breaks (www.EverythingBreaks.com). Everything … [Read more...]

Colonnade Securities Advises OpenRoad Lending on its sale to Clarion Capital Partners

Fort Worth, TX, September 14, 2021— OpenRoad Lending and Clarion Capital Partners announced that Clarion has completed a strategic investment in OpenRoad, the fast-growing direct-to-consumer auto finance company. OpenRoad’s co-founders, Chris Goodman, Jeff Austin, and Joseph Everly, will continue their roles as CEO, CFO, and CTO, respectively. The terms of the transaction were not disclosed. Founded in 2009 by the same executives who pioneered RoadLoans, OpenRoad partners with banks, credit unions and institutional investors to enable consumers to refinance their existing auto loans, lower their interest rates and achieve significant monthly savings. In addition, OpenRoad offers value-add … [Read more...]

Matrix Warranty Solutions acquired the assets of Valiant Auto

Dallas, TX/March 4, 2021 Founded in 2016, Valiant Auto (operating as Guardian Automotive Services) markets third-party vehicle service contracts (“VSCs”) to consumers and operates -call centers in Cypress, CA; Scottsdale, AZ; and Tijuana, Mexico. Colonnade Securities LLC acted as financial advisor to Matrix Warranty Solutions.  About Matrix Warranty Solutions and Everything Breaks Headquartered in Dallas, Texas, Matrix Warranty Solutions is the fastest growing direct-to-consumer service contract company. It began operations in 2016 by offering vehicle service contracts and has since expanded into providing extended warranties on a full suite of … [Read more...]

Colonnade advises CalTex on its sale to Cornell Capital and Spectrum Automotive

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- Spectrum Automotive Holdings Corp. ("Spectrum"), a leading agent, marketer and administrator of finance and insurance ("F&I") products for the U.S. automotive market, today announced the acquisition of CalTex Protective Coatings ("CalTex" or the "Company"), the largest manufacturer and provider of automotive appearance protection products in the U.S. Terms of the transaction were not disclosed. Since its founding in 1983, CalTex has become a leading administrator of automotive F&I products with one of the most extensive distribution networks in the industry, selling through nearly 4,000 franchise dealerships nationwide. A trusted … [Read more...]

Milestone Marketing Solutions was acquired by Spectrum Automotive, a portfolio company of Cornell Capital

October 2020 – Spectrum Automotive, a portfolio company of Cornell Capital, announced the acquisition of Milestone Marketing Solutions, a lead generation (“lead gen”) data analytics company. Milestone improves organizational marketing effectiveness through value-add analytics and consulting. Colonnade Securities LLC acted as exclusive financial advisor to Milestone Marketing Solutions. … [Read more...]

Colonnade Securities Advises on Smart AutoCare sale to Tiptree

Founder and CEO Peter Masi will continue to run business NEW YORK & RICHARDSON, Texas--(BUSINESS WIRE)--December 17, 2019--Tiptree Inc. (NASDAQ: TIPT) and Peter Masi today announced that Tiptree Insurance has agreed to acquire Smart AutoCare, a rapidly growing vehicle warranty solutions provider led by its founder and CEO, Peter Masi, in an all cash transaction that will also include incentive-based earn outs over time. The transaction is subject to customary closing conditions including regulatory approval and is expected to close early in the first quarter of 2020. Peter Masi will remain CEO of the business. The acquisition is expected to expand Tiptree’s warranty distribution … [Read more...]

Colonnade advises HIMSS Analytics on the sale of its data services business to Definitive Healthcare

FRAMINGHAM, MA – January 16, 2019 – DEFINITIVE HEALTHCARE, the leading provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the data services business and assets of HIMSS ANALYTICS, which includes the LOGIC, PREDICT, ANALYZE and CUSTOM RESEARCH products. Today’s acquisition builds on the Company’s articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market. “HIMSS Analytics has developed an extraordinarily powerful dataset including technology install data and purchasing contracts among other leading … [Read more...]

Colonnade Advises Chicago Deferred Exchange Company, a portfolio company of Prairie Capital, on its sale to Wintrust

ROSEMONT, Illinois, and CHICAGO, Illinois – December 14th, 2018 -- Wintrust Financial Corporation (Wintrust) (Nasdaq: WTFC) announced today the acquisition of Elektra Holding Company, LLC (Elektra), the parent company of Chicago Deferred Exchange Company, LLC (CDEC).   CDEC is a premier provider of Qualified Intermediary services (as defined by U.S. Treasury regulations) for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031.  Under IRC Section 1031, a taxpayer may defer the gain on the sale of certain investment property if the taxpayer utilizes the services of a Qualified Intermediary. CDEC has successfully facilitated … [Read more...]

Colonnade Advises Protect My Car on its Acquisition by Crestview Partners

NEW YORK and CLEARWATER, Fla., Sept. 6, 2018 /PRNewswire/ -- Protect My Car ("PMC" or the "Company") today announced that funds managed by Crestview Partners ("Crestview"), together with members of PMC's management team, have completed the acquisition of the Company from a private investor group. Financial terms of the transaction were not disclosed. Craig Rubino, who founded PMC in 2007 and has been CEO since, will continue to lead PMC as CEO and serve as a member of the Company's Board of Directors. Headquartered in Clearwater, FL, PMC is one of the nation's leading providers of extended warranty products for vehicles, including vehicle service … [Read more...]

Colonnade Advises APC Integrated Services Group on its Partnership with Southfield Capital Partners

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 … [Read more...]

Colonnade Advises AutoAssure on its Sale to Endurance

August 2016 Colonnade Securities LLC acted as exclusive financial adviser to AutoAssure, a direct-to-consumer (“DTC”) marketer of Vehicle Service Contracts, on its sale to Endurance. The acquisition will enable Endurance to expand its DTC penetration and leverage AutoAssure’s systems. Terms of the transaction were not disclosed. … [Read more...]

Colonnade Advises Capital Z on its Acquisition of Portfolio Group

June 2016 Lake Forest, CA – Capital Z Partners Management, LLC (“Capital Z”), a New York-based private equity firm, announced today that it has acquired Portfolio Group, Inc (“Portfolio” or the “Company”) from Frontenac Company, LLC (“Frontenac”), a Chicago-based private equity firm. Terms of the transaction were not disclosed. Based in Lake Forest, CA, and with operations in Dallas, TX, Portfolio is a leading independent provider of finance and insurance products and services to automotive dealers across the country. The Company develops, sells and administers auto dealer extended warranty programs across a full-service product offering including vehicle service contracts, GAP insurance … [Read more...]

Colonnade Advises Automotive Development Group, a Leading F&I Agency, on its Sale to APCO Holdings, LLC

February 2016 APCO Holdings, LLC (APCO), a leading marketer and administrator of aftermarket benefits sold by franchised and independent auto dealers throughout the U.S., today announced that it has acquired 100% of Automotive Development Group, LLC (ADG) from The Zabel Companies, LLC (Zabel). Following the transaction, ADG's senior management will remain shareholders and the company will continue to be operated as a separate business operation with the current management team remaining in place. Colonnade Securities served as the exclusive financial advisor to ADG and Zabel on this transaction. "ADG has been an intricate and an important part of APCO and our EasyCare brand's success since … [Read more...]

Colonnade Advisors advises Southfield Capital on its acquisition with management of Vanguard Dealer Services, a vehicle service contract administrator.

August 2015 Southfield Capital, a leading lower middle market private equity firm, has partnered with management, led by CEO Jim Polley, along with Ed Reitz and Mike Seergy, to invest in Vanguard Dealer Services (“Vanguard”). Vanguard is a premier agent and administrator of finance and insurance (“F&I”) products and services to franchised automobile dealers nationwide. Vanguard’s senior management will continue in their current operating roles and will maintain a shareholding in the company. Additional terms of the transaction were not disclosed. Headquartered in Fairfield, NJ, Vanguard offers a full suite of proprietary and third party auto extended warranty (vehicle service … [Read more...]

Colonnade advises Endurance, a leading vehicle service contract company, on its sale to TRP Capital Partners

June 2015 Endurance Dealer Services, LLC and Endurance Warranty Services, LLC (together "Endurance"), a leading direct-to-consumer marketer, administrator and payment plan provider for vehicle service contracts (VSCs), announced its sale to affiliates of TRP Capital Partners. Under the terms of the sale, TRP Capital Partners will take a controlling interest in Endurance, with the recapitalized company expected to pursue opportunities for continued growth. Paul Chernawsky and Jordan Batt, Endurance's executive leadership and founders, will retain a significant ownership stake in the company and will continue to operate the business going forward. Colonnade Securities served as the … [Read more...]

Colonnade advises Harbert Management on its sale of Preferred Warranties to KAR Auction Services Inc.

June 2013 KAR Auction Services Inc. (NYSE:KAR), has acquired Preferred Warranties, Inc. (“Preferred Warranties”), a vehicle service contract company, from Harbert Private Equity Fund II, LLC, Northstar Mezzanine Partners IV L.P. and management.  Terms of the transaction were not disclosed. Preferred Warranties markets vehicle service contracts through independent dealers of used vehicles in 2,200 locations in fifteen Mid-Atlantic, Midwestern and Southern states. KAR believes the acquisition of PWI will strengthen its offering to independent dealers, and that Preferred Warranties’ products will be enhanced as a result of being backed by KAR’s financial strength and … [Read more...]

Colonnade Securities advises TD Bank, N.A. on the sale of TD Insurance, Inc. to USI Insurance Services

August 2012 USI Insurance Services ("USI") has entered into a share purchase agreement to acquire TD Insurance, Inc. ("TDI Inc."), a wholly-owned US subsidiary of TD Bank, N.A. TDI Inc. is one of the largest bank-owned insurance agencies and brokerage firms in the US offering a wide range of insurance and employee benefits products and services. This acquisition is expected to contribute $58.2 million in revenues to USI on an annual basis. The acquisition is expected to close by the end of September 2012 subject to, among other customary conditions, expiration or termination of the waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as … [Read more...]

Colonnade advises Clairvest on its investment in Linen King

October 2011 Clairvest Group Inc. (TSX:CVG) and its affiliates (“Clairvest”), a Toronto-based private equity management firm, have made a growth equity investment in Linen King LLC, an Oklahoma-based textile rental services company that provides commercial laundry services to the healthcare and hospitality industries. “Our team has followed the textile rental industry for a number of years. We are excited by the opportunity to partner with a strong and ambitious management team led by the founders of the Company who will continue to own a meaningful percent of the company. Linen King has an outstanding reputation for reliability and customer service and we look forward to working with … [Read more...]

Colonnade advises Koontz-Wagner on the sale of its subsidiary South Bend Controls to Curtiss-Wright Corporation

In October 2011, Koontz-Wagner sold its subsidiary, South Bend Controls, to Curtiss-Wright Corporation (NYSE:CW). South Bend Controls is a leading designer and manufacturer of highly engineered flow control components for mission-critical applications in the aerospace, space, medical and industrial markets. Koontz-Wagner is a portfolio company of High Street Capital and Aldine Capital Partners. Curtiss-Wright is a diversified global provider of highly engineered products and services in the areas of motion control, flow control, and metal treatment. Terms of the transaction were not disclosed. Colonnade Securities LLC advised Koontz-Wagner and South Bend Controls on the transaction. … [Read more...]

Colonnade Advises Gamber-Johnson on its Sale to Leggett & Platt

March 2007 Leggett & Platt Commercial Vehicle Products Group Acquires Gamber-Johnson CARTHAGE, MO - 03/06/07- Leggett & Platt (NYSE: LEG) has acquired Gamber-Johnson, LLC, a leading assembler of rugged docking stations and vehicle mounts. Gamber-Johnson will further diversify Leggett’s commercial vehicle products business. Colonnade Advisors LLC, a Chicago-based investment bank, served as exclusive financial advisor to Gamber-Johnson in the transaction. “We are delighted with this acquisition. We believe that Gamber-Johnson offers profitable, near and long-term growth prospects and is consistent with our strategy of growth through diversification within complementary markets,” … [Read more...]

Colonnade advises Hubbard One on its sale to The Thomson Corporation

In July 2004, FindLaw, a business unit of The Thomson Corporation (NYSE:TOC; TSX:TOC), completed the acquisition of Hubbard One LLC. Hubbard One is a leading provider of online marketing applications and services to large law firms. FindLaw is a leading provider of online legal information for the legal community, businesses and individuals. Terms of the transaction were not disclosed. The combination of Hubbard One and FindLaw creates the legal industry’s broadest, most comprehensive and first fully integrated suite of integrated business and marketing applications for law firms. Colonnade Advisors LLC served as financial advisor to Hubbard One. … [Read more...]

Colonnade advises Engineering Animation on its sale to Unigraphics Solutions

In October 2001, Unigraphics Solutions (NYSE:UGS) acquired Engineering Animation (NASDAQ:EAII) for $13.75 a share cash. The total purchase price is $205 million. The acquisition price is a 24.3% premium to EAI’s last closing price and a 33.3% premium to its average closing price for the past six months. The acquisition is valued at 2.7x trailing 12 month revenues. EAI is a leader in Internet-enabled visual process management, collaboration, analysis and communications solutions for extended manufacturing enterprises. Unigraphics Solutions is a leading provider of collaborative product development software and services. Colonnade Advisors and Goldman Sachs served as financial advisor to … [Read more...]