Warranty Group Sold for $1.5 BillionMarch 21, 2014
The Warranty Group has been sold from one private equity firm to another, going from Onex Corp to TPG Capital for about $1.5 billion.
The deal is expected to close in the third quarter.
“We are excited to partner with TPG, which will provide our company with the global resources and deep financial industry expertise needed to expand both internationally and domestically,” Thomas W. Warsop, III, President and Chief Executive Officer of The Warranty Group., said as part of the announcement.
“We look forward to working with the TPG team to identify additional growth opportunities, while providing our clients and their customers with an even more robust menu of solutions.”