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...]

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...]

Colonnade advises Technology Finance Corp on its sale to Kingsbridge Holdings

LAKE FOREST, Ill. and SCOTTSDALE, Ariz., Oct. 29, 2019 /PRNewswire/ -- Kingsbridge Holdings LLC, ("Kingsbridge") announced today the acquisition of Technology Finance Corporation ("TFC"). Terms were not disclosed. Founded in 2004, TFC is a fast-growing technology leasing company that provides financing for information technology equipment and software to businesses throughout the United States. TFC funds over $125 million of IT infrastructure leasing/finance transactions annually, sourced through a network of vendor relationships, value-added resellers, software partners, and service providers. Through its application-only processing, and … [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 North Star Leasing on its Sale to Copley Equity Partners

BOSTON, MA; BURLINGTON, VT – Copley Equity Partners, a private investment firm based in Boston, today announced that it has completed a majority investment in North Star Leasing, a provider of equipment financing solutions for businesses in a variety of industries. Mr. Daniel Feeney, North Star Leasing’s CEO and President, will continue to lead the Company. Financial terms of the transaction were not disclosed. Founded in 1979 and headquartered in Burlington, VT, North Star Leasing provides specialized lease solutions for customers across numerous industries including Automotive, Healthcare, Pet-Supply, and Restaurant. North Star works with thousands of equipment vendors, manufacturers, and … [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 Omnisure on its sale to Fortress

October 2014 Omnisure Group, LLC, a leading provider of payment plans for retail vehicle service contracts (VSCs), announced its sale to affiliates of Fortress Investment Group LLC (NYSE:FIG). Under terms of the sale, Fortress will take a controlling interest in Omnisure, previously held by Lincoln Park Capital, LLC, a Chicago based institutional investor, and affiliates, with the recapitalized company expected to pursue opportunities for growth and business expansion. Ed and Paul Walder, Omnisure’s founding executives, will retain a significant ownership stake in the company and will continue to operate the business going forward. Colonnade Securities LLC advised Omnisure Group on this … [Read more...]

Colonnade advises Thrivent on the conversion of its thrift to a credit union

December 2012 Thrivent Financial for Lutherans, a faith-based, not-for-profit membership organization with nearly 2.5 million members and more than $75 billion in assets under management, chartered a member-owned, member-governed federal credit union that accepted the transfer of all deposits and virtually all other assets and liabilities of Thrivent Financial Bank on December 1, 2012. Thrivent Financial Credit Union has approximately $500 million in assets, making it one of the largest faith-based credit unions in the United States. Thrivent Federal Credit Union is owned by its credit union members, not by Thrivent Financial for Lutherans.Anyone within the credit union’s “field of … [Read more...]

Colonnade advises D.E. Shaw & Co. and investors on the sale of PayLink Payment Plans, LLC to an investment group led by Oxford Financial Group

January 2012  Oxford Financial Group, Ltd., announced that PayLink Mayfair, Inc. has completed the acquisition of PayLink Payment Plans, LLC ("PayLink"). PayLink Mayfair, Inc., a strategic investment entity created by Oxford on behalf of a private investor group and the management of PayLink, is a continuation of Oxford’s Mayfair Management Buyout strategy of investing directly in privately held companies with exceptional management teams. Headquartered in Chicago, PayLink is a specialty finance company with a demonstrated leadership position as a provider of short-term, collateralized receivables and payment processing to facilitate the purchase of Vehicle Service Contracts ("VSC"), … [Read more...]

Colonnade Advises Dent-A-Med on its Sale to Harbert Private Equity Fund and Cambridge Place Investment Management

December 2006 Affiliates of Harbert Management Corporation and funds managed by Cambridge Place Investment Management LLP have acquired a majority equity interest in Dent-A-Med, Inc. Dent-A-Med, based in Springdale AR, offers private label credit card financing for consumer purchases of health care services and home health care products. Colonnade Advisors LLC represented Dent-A-Med in this transaction. Terms were not disclosed. Harbert Management Corporation is an investment management firm serving foundations and endowments, funds of funds, pension funds, financial institutions, insurance companies, family offices and high net worth individuals across multiple asset classes, including … [Read more...]

Colonnade advises the Management team of Residential Credit Solutions on the Launch of a New Mortgage Investment and Servicing Company

In December 2006, Residential Credit Solutions LLC, a newly formed residential mortgage investment and servicing company, received $125_million of private equity commitments from a group of investor led by Equifin Capital Partners of New York. Equifin and a management team led by mortgage industry executive Dennis Stowe formed Residential Credit Solutions LLC. Dennis Stowe, CEO of Residential Credit Solutions LLC, was formerly President and Chief Operating Officer of Saxon Capital Inc. Colonnade Advisors LLC served as exclusive financial advisor to the management team of Residential Credit Solutions. … [Read more...]