August, 2017. Peakstone served as exclusive financial advisor to AAG in connection with this transaction. Automotive Assurance Group, LLC. (“AAG”) has entered into a strategic transaction with Amtrust Warranty, Inc., a subsidiary of AmTrust Financial Services (“ASFI”), a publicly-traded company listed on the NASDAQ.
Automotive Assurance Group, a Florida-based full service automotive finance & insurance agency has been acquired by ASFI and is now a member of the Amtrust Financial Group of Companies. AAG is a leading F&I consulting boutique providing vehicle service contracts (“VSCs”), related ancillary products, and reinsurance solutions to automotive dealerships. AAG, led by Nick D’Amico and his team, have built one of the most respected F&I agencies in the marketplace.
“I am thrilled to be working with AmTrust Financial and have no doubt that Automotive Assurance Group can achieve new levels of growth and success under the AmTrust Financial umbrella,” said Nick D’Amico, founder of Automotive Assurance Group.
“Peakstone’s dedicated Auto F&I practice team helped us find the perfect partner to continue to accelerate our growth and found us a great strategic partner to extend upon our longstanding reputation as a leader and innovator in Auto F&I products,” said Mr. D’Amico. “Peakstone developed and executed on a highly targeted marketing process that led to an outstanding outcome for our shareholders.”
Peakstone has a dedicated practice covering the Automotive Finance & Insurance industry and has completed numerous transactions in the F&I sector.
Terms of the transaction were not disclosed.
For additional information please contact:
Stephen Sleigh, Managing Director, 312-346-7318, ssleigh@peakstone.com
About Peakstone
The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.