trending Market Intelligence /marketintelligence/en/news-insights/trending/kevivRRTTcwHOw-asUR--w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Tiptree acquiring vehicle warranty solutions provider in all-cash deal

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Tiptree acquiring vehicle warranty solutions provider in all-cash deal

Tiptree Inc. has agreed to acquire Richardson, Texas-based vehicle warranty solutions provider Smart AutoCare in an all-cash deal.

The transaction includes incentive-based earnouts based on the performance of the business after closing.

Formerly known as Accelerated Service International Inc., Smart AutoCare is led by founder and CEO Peter Masi. The company and its affiliated entities will become wholly owned subsidiaries of Tiptree Warranty Holdings LLC, which is a subsidiary of Tiptree Insurance and affiliate of Fortegra Financial Corp.

The deal is expected to close in the first quarter of 2020, subject to customary closing conditions including regulatory approval. Tiptree plans to finance the acquisition from a combination of cash and debt financing, subject to market conditions at closing.

Keefe Bruyette & Woods Inc. is acting as financial adviser to Tiptree, with Debevoise & Plimpton LLP serving as legal counsel. Colonnade Securities LLC is serving as financial adviser to Smart AutoCare, with Weiner Law Group LLP serving as legal counsel.