Houlihan Lokey Advises American Auto Guardian, Inc.

Houlihan Lokey is pleased to announce that American Auto Guardian, Inc. (AAGI) has been acquired by The Amynta Group (Amynta). The transaction closed on January 10, 2020.

Amynta, a premier insurance services company and provider of warranty protection products and services, has entered into an agreement to acquire AAGI, a leading provider of protection products and services to an extensive network of automotive original equipment manufacturers (OEMs), agents, and independent auto dealers and dealer groups. Terms of the transaction were not disclosed. The transaction will be funded by a combination of debt, cash on hand, and new equity invested by existing shareholders and Amynta management. The closing of the transaction is subject to customary conditions and regulatory approvals.

AAGI is a recognized leader in developing, marketing, and administering vehicle service contracts and other automotive aftermarket protection products. The company operates through approximately 250 distribution partners and serves more than 4,500 dealers across the U.S. The acquisition of AAGI aligns with Amynta's commitment to provide best-in-class products and services to its distribution partners and dealers. Together with AAGI, Amynta will serve approximately 15,000 dealerships in the U.S. and Canada through more than 1,400 agents, protecting more than 5.4 million vehicles. AAGI will continue to operate under the leadership of Tim Brugh and the company's senior management team.

Amynta is a premier insurance services company with more than $1.8 billion in managed premiums and 2,000 associates across North America, Europe, and Australia. An independent, customer-centered, and underwriting-focused company, Amynta serves leading carriers, wholesalers, retail agencies, auto dealers, OEMs, and consumer product retailers with innovative insurance and warranty protection solutions. The company operates through three segments: Managing General Agencies; Warranty, including automotive, consumer, and specialty equipment; and Specialty Risk.

Houlihan Lokey served as the exclusive financial advisor to AAGI 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.