GWC Warranty Corporation Acquired by Stone Point Capital LLC

Friday, February 22, 2013

William Blair & Company acted as exclusive financial advisor to CIVC Partners, LP (“CIVC”) in connection with its sale of GWC Warranty Corporation (“GWC” or the “Company”) to Stone Point Capital LLC (“Stone Point”).  Terms of the deal were not disclosed.

Headquartered in Wilkes-Barre, Pennsylvania, GWC is a best-in-class marketer, administrator, and underwriter of vehicle service contracts sold through both independent and franchised automobile dealers throughout the United States.  GWC markets its products through a highly differentiated distribution network that leverages an in-house sales force as well as strategic partnerships with independent agents and finance companies.   GWC sells through a base of over 3,000 dealers across nearly 40 states.

CIVC is a seasoned private equity firm that has invested equity capital in high growth companies for over forty years. The firm manages over $1.3 billion in private equity funds and focuses on companies operating in the business services and financial services industries. CIVC's investment team has completed 54 platform transactions and dozens of add-on acquisitions since 1989 for an aggregate enterprise value that exceeds $5 billion. More information on CIVC and its portfolio companies can be found at www.civc.com.

Stone Point is a private equity firm that makes investments in financial services businesses. The firm has over twenty years of experience and has raised $9 billion in committed capital. Stone Point utilizes its expertise, reputation and track record to identify and evaluate market opportunities, and actively partners with management teams to enhance the value of their investments. More information on Stone Point and its portfolio companies can be found at www.stonepoint.com.

For additional information about how the investment banking professionals at William Blair can help your business or portfolio company, please visit our website, williamblair.com, or contact us via e-mail at corpfin@williamblair.com.

News Alerts

Stay connected to your favorite publications and news features.

Subscribe Now