Colonnade advises Reynolds & Reynolds on the acquisition of Xzilon, Industry Leader of Vehicle Appearance Protection Products

July 13, 2023 The Reynolds and Reynolds Company announced today the acquisition of Xzilon, the industry benchmark for high-performance vehicle protection products. The Xzilon brand is well known in dealership F&I departments and is nationally recognized for its exterior protection products (Carbon Ceramic with Graphene and Diamond Grade 9H Ceramic System), Xmicrobe all-in-one interior protection, and full portfolio of additional industry-leading appearance protection products. “Much like Reynolds, Xzilon is focused on the success of its customers, innovation, and teamwork,” said Chris Walsh, president of Reynolds. “The company has a legacy of being a leader in its space and … [Read more...]

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...]

Colonnade advises Peoples Bank on its acquisition of North Star Leasing

March 31, 2021 Peoples Bank acquired the assets of North Star Leasing of Burlington, VT from Copley Equity Partners and management. Founded in 1979, North Star Leasing provides specialized lease solutions for vendors and commercial customers across multiple industries, including automotive, plumbing, healthcare, pet supply and foodservice. North Star Leasing works with more than 10,000 equipment vendors, manufacturers and resellers to help customers finance and access equipment. With a portfolio ranked 119th by Monitor, North Star Leasing has grown its originations 18% annually from 2014 to 2020. North Star Leasing has 42 employees. “We are excited about North Star Leasing … [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 Town and Country on its acquisition of Premier Bank of Jacksonville

October 2015 Town and Country Financial Corporation ("TCFC") (OTC Pink:TWCF), the holding company for Town and Country Bank, has announced the acquisition of West Plains Investors, Inc., the holding company for Premier Bank of Jacksonville ("Premier"). The transaction has been unanimously approved by both companies’ boards of directors, and completion is subject to customary closing conditions, regulatory approval, and approval by WPI shareholders. Under the terms of the agreement, the $515 million-asset TCFC will pay all cash for the acquisition. Other terms were not disclosed. The transaction is expected to close in the first quarter of 2016. Colonnade Securities acted as financial … [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 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 PFS on its Completed Acquisition of Mepco’s Premium Finance Business from Independent Bank Corporation

January 2007 Independent Bank Corporation (Nasdaq: IBCP), a Michigan-based bank holding company (“IBC” or the “Company”), reported that its subsidiary, Mepco Insurance Premium Financing, Inc. (“Mepco”), has closed the transaction to sell substantially all of its assets related to the insurance premium finance business to Premium Financing Specialists, Inc. (“PFS”). Mepco will continue to own and operate its warranty payment plan business. Colonnade Advisors LLC initiated this transaction and served as exclusive advisor to PFS. Under the terms of an amended definitive agreement, Mepco and its wholly-owned subsidiary, Mepco Acceptance Corp. (“MAC”), sold approximately $180 million of … [Read more...]