Houlihan Lokey Advises 2-10 Home Buyers Warranty

Houlihan Lokey is pleased to announce that 2-10 Home Buyers Warranty (HBW) has been acquired by Genstar Capital (Genstar). The transaction closed on October 31, 2018.

Established in 1980 and based in Denver, Colorado, 2-10 Home Buyers Warranty is a leading home warranty provider in the U.S., serving the protection needs of new homebuilders and owners of new and existing homes, and enhancing the sales experience of both builders and real estate professionals. HBW offers two warranty products: new home structural warranties provided directly to new homebuilders, and Home Service Contracts (HSC) sold to homeowners via arrangements with real estate professionals and then renewed each year directly with the homeowner. As one of the longest-standing providers of home warranty products, HBW is the only national platform that leads in both products that it offers. HBW is led by Chairman and CEO Scott Cromie, an accomplished industry veteran with over 30 years of experience in the home warranty industry.

Genstar Capital is a leading private equity firm that has been actively investing in high-quality companies for 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $10 billion of assets under management and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries.

Houlihan Lokey served as the exclusive financial advisor to HBW and assisted in structuring and negotiating the transaction. The transaction highlights Houlihan Lokey’s continued position as a leading advisor within the insurance and warranty industry.