CIVC Partners, LP, a middle market private equity firm focused on investments in the financial services and business services sectors, announce the sale of GWC Warranty Corporation to Stone Point Capital LLC.
GWC is a marketer, administrator, and underwriter of vehicle service contracts sold through automobile dealers. GWC sells through a base of over 3,000 dealers across nearly 40 states.
CIVC’s investment in GWC builds on the firm’s experience in the financial services industry and, more specifically, the automotive finance and insurance sector. In October of 2011, CIVC acquired Honor Finance, an automotive finance company serving non-prime customers. Also, in December 2011, CIVC sold Innovative Aftermarket Systems, another leading automotive finance and insurance provider focused on ancillary vehicle protection products.
William Blair served as financial advisor and Freeborn & Peters LLP served as legal advisor to GWC.
