Auto Service World
News   July 13, 2007   by Auto Service World

H.I.G. Buys Stake in Safe-Guard Products International


H.I.G. Capital LLC, a private equity firm based in Miami, Florida, announced that it has acquired a significant equity interest in Safe-Guard Products International, Inc.
With revenues approaching $200 million, Safe-Guard, based in Atlanta, Georgia, is a provider of aftermarket warranty products and services
for new, used and leased motor vehicles.
The Company’s products and services protect consumers from the financial risks of owning an automobile, recreational vehicle, boat or motorcycle, while enhancing the consumer’s
ownership experience.
Safe-Guard designs, markets and administers its products and services and sells them through a national network of independent agents who market to auto dealerships, vehicle leasing and financing companies, and other service contract producers.
“With H.I.G. as a partner, we are poised to continue growing our business and expanding our offering of products and services,” said Douglas Duncan, the Founder and Chief Executive Officer of Safe-Guard.
Doug Berman, a Managing Director of H.I.G., commented, “We are very excited to partner with Doug Duncan and the outstanding Safe-Guard management team.
“They are true industry innovators and are dedicated to providing their customers with the utmost value and support.
“We look forward to supporting the team and the next phase of Safe-Guard’s growth.”


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