Founder and CEO Peter Masi will continue to run business NEW YORK & RICHARDSON, Texas--(PR Newswire)--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 channels … [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 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...]