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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...]

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