Category: RV

ATLANTA, Sept. 19, 2024 – Safe-Guard Products International, LLC, the leading provider of third-party private label protection products for the automotive, RV, marine, and powersports industries, today announced the appointment of Darin Cline as its new chief operating officer (COO). Cline, a former naval officer and an accomplished executive with more than two decades of experience in the financial services industries, will succeed Jardon Bouska, who has served the company for 10 years.

The transition marks a significant milestone for Safe-Guard as it continues to expand its market presence as an innovative Protection Products Platform. Cline brings a wealth of experience to the role, having previously held senior leadership positions at prominent organizations such as Capital One and Goldman Sachs and successfully worked with two start-ups. Cline has a strong background in setting strategic direction and leverages a data-driven approach to drive process improvements and scale operations in the auto finance sector. Still, his true strength and interest is in operational transformation.

Cline’s impressive background includes two master’s degrees and a distinguished career in the United States Navy. He served as a lieutenant and naval aviator from 1992 to 2001, where he was a shipboard helicopter pilot, squadron quality assurance officer, and NROTC instructor. He holds a Master of Business Administration from the University of Colorado (Denver) and a Master of Science in Systems Engineering from Southern Methodist University (Dallas).

“We are delighted to welcome Darin Cline to our executive team,” said David Pryor, Safe-Guard president and CEO. “His extensive background in strategic growth aligns perfectly with our vision for Safe-Guard’s future. Darin’s leadership will be instrumental as we continue to enhance our product offerings and customer experience.”

Cline’s leadership style emphasizes creating efficiencies, fostering synergy across departments, and helping Safe-Guard achieve its strategic goals through a data-driven approach.

“The opportunity to lead operations for an industry leader with such a strong reputation for innovation and customer service is truly exciting,” said Cline. “I look forward to working with the talented team at Safe-Guard to drive operational excellence and deliver even greater value to our clients and partners.”

This leadership transition is part of a planned succession strategy. Outgoing COO Jardon Bouska has played a pivotal role in Safe-Guard’s growth over the past decade, overseeing a period of significant expansion and technological advancement.

“We are deeply grateful for Jardon’s contributions to Safe-Guard. His leadership over the last decade has been instrumental in our success, and we wish him the very best in his retirement,” Pryor added.

As Safe-Guard Products International continues to evolve and adapt to changing market dynamics, Cline’s appointment is seen as a strategic move to maintain the company’s competitive edge and drive future growth. The transition is expected to be seamless, with Cline assuming his new responsibilities effective immediately.

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About Safe-Guard Products International

Founded in 1992 and based in Atlanta, Safe-Guard Products International, LLC, is the leading provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine, and motorcycle/powersports industries. Through its Protection Products Platform, Safe-Guard develops the highest-quality programs and matches them with unparalleled customer service and advanced technology solutions, which are fostered by superior sales and marketing support. Visit safe-guardproducts.com for more information.

ATLANTA, Sept. 12, 2024 – Safe-Guard Products International, LLC, the leading provider of third-party private label protection products for the automotive, RV, marine, and powersports industries, today announced the appointment of Joe Zhang as chief financial officer and Alen Gong as chief risk officer. These elevations of Zhang and Gong position the company for continued innovation and are pivotal for its upcoming strategic initiatives.

Zhang, who has been with Safe-Guard since 2013, was previously the vice president of strategy and analytics. In this role, he was responsible for building and overseeing Safe-Guard’s sales analytics and corporate development functions. During his tenure, Zhang developed long-term strategic plans, built the company’s data-driven salesforce effectiveness model, and was a key contributor to the acquisition of Dealer Solutions and Design. Leveraging his background in finance and strategy as CFO, Zhang will focus on building strategic alignment across all departments within Safe-Guard and reinforcing the commitment to delivering quality service and operational excellence to customers.

“I am excited to take on the role of CFO at Safe-Guard,” said Zhang. “Our strong financial position is crucial to our ability to innovate and grow, and I look forward to leveraging my experience to ensure we continue to deliver exceptional value to our partners. If we as a team are all pointed in the right direction, the opportunity is tremendous as the foundation is already set up for success.”

Alen Gong, who joined Safe-Guard in 2016, played a critical role in the development and modernization of Safe-Guard’s Risk Management function. Prior to his new role as chief risk officer, Gong served as chief actuary, where he was responsible for the sustainability and underwriting performance of Safe-Guard’s portfolio of protection products. In his new role, Gong will capitalize on his deep understanding of actuarial science, financial risk management, and his extensive experience in the F&I industry to further strengthen the company’s risk mitigation strategies. In addition, Gong will lead the newly created function of data governance to leverage Safe-Guard’s industry-leading data to support client growth.

“In today’s dynamic market, effective risk management is more critical than ever,” Gong stated. “I am eager to apply my expertise in this new capacity to ensure Safe-Guard remains at the forefront of industry best practices while continuing to drive growth and innovation.”

“Joe and Alen’s roles will amplify our ability to deliver advanced data-driven solutions, and their combined expertise and vision will be crucial as we continue to deliver unparalleled solutions to our clients,” said David Pryor, Safe-Guard president and CEO. “Our partners will benefit from improved insights and more tailored solutions, leading to better decision-making and increased satisfaction.”

The transition in leadership underscores Safe-Guard’s commitment to fostering internal talent and ensuring continuity in its strategic direction. As the company moves forward under this new leadership structure, it remains dedicated to its core values of innovation, customer service, and industry leadership.

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About Safe-Guard Products International

Founded in 1992 and based in Atlanta, Safe-Guard Products International, LLC, is the leading provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine, and motorcycle/powersports industries. Through its Protection Products Platform, Safe-Guard develops highest-quality programs and matches them with unparalleled customer service and advanced technology solutions, which are fostered by superior sales and marketing support. Visit safe-guardproducts.com for more information.

ATLANTA, July 15, 2024 – Safe-Guard Products International, LLC, a leading provider of third-party private label finance and insurance protection products for the automotive, RV, marine, and powersports industries, today announced that it has closed on a majority investment from Hellman & Friedman, one of the world’s largest private equity firms.

The strategic partnership is set to propel Safe-Guard’s growth and solidify its position as the premier provider of finance and insurance products and solutions in the sector. Stone Point Capital LLC, a longstanding investor in Safe-Guard, will continue to partner with the company and participate on Safe-Guard’s board.

Safe-Guard’s management team will continue to drive the success of the business for the benefit of its partners, their customers and other stakeholders. In connection with the transaction, Randy Barkowitz is assuming a board-level leadership role as full-time Executive Chairman, while David Pryor is continuing in his role as President and assuming the responsibility of Chief Executive Officer of Safe-Guard.

“We are thrilled to welcome Hellman & Friedman as our new majority investor,” said Barkowitz. “Safe-Guard’s commitment to excellence remains steadfast. With Hellman & Friedman’s backing and Stone Point’s continued support, we are positioned to deliver even more innovative solutions, superior service and unmatched value to our partners and their customers.”

Hellman & Friedman, renowned for its focus on helping industry leaders reach new heights, fully embraces Safe-Guard’s unique strategy and the strength of its management team. The investment highlights Hellman & Friedman’s commitment to supporting Safe-Guard in delivering F&I products, dealer service, customer satisfaction, and technology solutions. Through this investment, Safe-Guard will gain additional resources to invest in its people, processes, and technology.

“Safe-Guard is a differentiated provider of private label protection products, offering value to dealers, strategic partners and consumers,” said Hunter Philbrick, Partner at Hellman & Friedman. “The business has built an impressive reputation for its high-quality products and service, and we are excited to partner with the talented management team and provide additional firepower to support the company’s strategic priorities. We see several significant growth opportunities and look forward to working together to realize the immense potential ahead.”

Based in Atlanta, Safe-Guard’s industry-defining Protection Products Platform delivers frictionless service, consistency, and customer-centric solutions to more than 19 million consumers who are protected under contracts administered by Safe-Guard.

Goldman Sachs & Co. LLC and SPC Capital Markets LLC acted as financial advisors to Safe-Guard and Debevoise & Plimpton LLP served as legal counsel to the company. Jefferies LLC was the lead financial advisor to Hellman & Friedman, with Waller Helms also providing financial advice and Kirkland & Ellis acting as legal counsel.

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About Safe-Guard Products International

Founded in 1992 and based in Atlanta, Safe-Guard Products International, LLC, is the leading provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine, and motorcycle/powersports industries. Through its Protection Products Platform, Safe-Guard develops the highest-quality programs and matches them with unparalleled customer service and advanced technology solutions, which are fostered by superior sales and marketing support. Visit safe-guardproducts.com for more information.

About Hellman & Friedman

Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services.

Since its founding in 1984, H&F has invested in over 100 companies. The firm is currently investing its tenth fund, with over $24 billion of committed capital, and has over $115 billion in assets under management as of March 31, 2024. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.

About Stone Point Capital
Stone Point is an alternative investment firm based in Greenwich, CT, with more than $55 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports our firm, portfolio companies and other clients by providing dedicated financing solutions. For more information on Stone Point, please visit: www.stonepoint.com.

This transformation is the result of a purposeful digital strategy designed to leverage the company’s 30 years of data and applications that drive key metrics, business decisions, and enhanced service capabilities. At the forefront of the F&I industry, Safe-Guard delivers protection products and solutions that drive sustainable, scalable growth.

“A one-size-fits-all approach to protection products isn’t enough in today’s market, especially considering the various generational groups that currently drive spending,” says Safe-Guard CEO Randy Barkowitz. “For many years, we have set out to change the industry, drive innovation, and enhance transparency. Our evolution from a traditional TPA to a Protection Products Platform allows us to grow with our customers, no matter how their needs change over time.”

Serving a diverse customer base, the company has fully embraced changes in the F&I industry to meet the market demand of vehicle owners. The company’s digital transformation mirrors the broad changes happening across the automotive sector, promising to dynamically reshape the industry landscape for the better.

“The new website is a powerful representation of our company, our people, and our commitment to innovation,” says Safe-Guard President, David Pryor. “Through the integration of data and advanced analytics, we’ve successfully transformed Safe-Guard into a Protection Products Platform that will drive sustainable and scalable growth for our customers.”

Safe-Guard’s dedication to innovation and customer centricity has positioned them as the leader in the F&I industry, and the new website showcases this commitment to meet the evolving needs of its customers. This unwavering dedication remains essential as the company transitions to a new era as a Protection Products Platform.

Atlanta, GA, January 25, 2023 – Safe-Guard Products International, LLC, the leading provider of branded protection products for the automotive, RV, powersports and marine industries, announces the retirement of Executive Chairman Dave Duncan. Duncan was an essential part of the Safe-Guard family from early on and most recently has served as executive chairman since 2020. While boasting over three decades of finance and insurance experience, Duncan’s impact will be missed by the Safe-Guard team.

“Dave has a unique wealth of industry knowledge and a focus on creating innovative client solutions that positioned Safe-Guard for a dynamic future growth. We would like to thank Dave for his dedication and contributions to our organization and wish him all the best in his future endeavors,” stated David Pryor, president of Safe-Guard.

During his time at Safe-Guard, Duncan has held roles as senior vice president, president and executive chairman, respectively. Prior to joining Safe-Guard, Duncan was president and CEO of Diversified Automotive Group and held numerous management positions in automotive retail.

“Throughout his career at Safe-Guard, Dave was instrumental in the creation and implementation of our strategic vision and plan, and he has been truly dedicated to our organization and its mission,” said Safe-Guard CEO Randy Barkowitz.

Under Duncan’s leadership as executive chairman, Safe-Guard successfully broadened its product offerings, expanded into new channels, and released a range of branded solutions for clients and dealers. Throughout his 27 years with Safe-Guard, Duncan played a significant role in the company’s growth and success by advancing sales, marketing and development efforts, acting as a key player in expanding the company’s reach through the OEM, national retail and agent channels. Duncan also led the deployment of turnkey programs for the company’s F&I business units, demonstrating strong leadership throughout his tenure.

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About Safe-Guard Products International

Founded in 1992 and based in Atlanta, Safe-Guard Products International, LLC, is the leading provider of vehicle protection products in the finance and insurance space to the automotive, RV, marine and motorcycle/powersports industries. The company develops, markets and administers the highest-quality programs and matches them with unparalleled customer service, advanced technology solutions and industry-leading sales and marketing. Safe-Guard is a proud partner to top retailers, original equipment manufacturers (OEMs) and independent agents across the United States and Canada. Visit safe-guardproducts.com for more information.