Atlanta, GA, December 21, 2012 – Safe-Guard Products International, LLC, a leading provider of finance and insurance (“F&I”) products to the automotive industry, announced today that an affiliate of Goldman Sachs, in partnership with management, has acquired the company from H.I.G. Capital. The transaction will position Safe-Guard to continue to capitalize on the substantial growth opportunities across its platform of F&I program solutions.
“Safe-Guard is excited to partner with Goldman Sachs to continue to grow its business and build upon its market-leading position. With our partners, we are well positioned to drive sales growth, provide service delivery enhancements and introduce new products that deliver exceptional value for our dealers and their customers,” Chief Executive Officer Randy Barkowitz said.
Doug Duncan, founder and former chairman said, “Safe-Guard’s vision and core values of providing innovative products and excellent customer service are the foundation to its success. Alongside its latest partner, Goldman Sachs, the company will continue to chart a great future.”
“Safe-Guard has an industry-leading management team and world-class relationships,” said Sumit Rajpal of Goldman Sachs. “We look forward to working with the company as it continues to provide superior products and services to all of its customers.”
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About Safe-Guard Products International, LLC
Founded in 1992 and based in Atlanta, Safe-Guard is a leading provider of F&I program solutions to the automotive aftermarket industry as well as the RV, marine and motorcycle/powersports segments. The company develops, markets and administers the highest-quality F&I programs and matches them with unparalleled customer service, advanced technology solutions and industry-leading training. Safe-Guard is a proud partner to more than half the country’s top 500 dealers, the most successful general agents and the largest dealer groups. The company also boasts more private label OEM programs than all other providers combined.
About Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc., is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. For more information on Goldman Sachs, please visit www.gs.com.
Contact: Andrea Raphael, Goldman Sachs, (212) 357-0025, [email protected]