New York's Amynta Group has agreed to acquire Schaumburg, Ill.-based American Auto Guardian Inc. for undisclosed terms.
American Auto Guardian will still operate under its senior management team and the leadership of CEO Tim Brugh. The company develops, markets and administers vehicle service contracts and other automotive protection products throughout the U.S.
The acquisition will be financed by a combination of debt, cash on hand, and new equity invested by the current shareholders and management of Amynta Group.
Bank of America Merrill Lynch and MHT Partners acted as financial advisers, while Kirkland & Ellis LLP served as legal adviser to Amynta Group. Houlihan Lokey and Bryan Cave Leighton Paisner LLP served as financial adviser and legal adviser, respectively, to American Auto Guardian.
