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New Deal


Announced

Completed

iA Financial Group completed the acquisition of Innovative Aftermarket Systems from Genstar for $720m.

Financials

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Transaction Value£550m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Auto Services

Friendly

Acquisition

Private

Single Bidder

United States

Private Equity

vehicle protection products

Majority

Domestic

Completed

Synopsis

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iA Financial Group, a Canadian insurance company, completed its acquisition of Innovative Aftermarket Systems, a marketer, administrator, and underwriter of vehicle protection products, from Genstar Capital, a private equity firm, for $720m. "IAS has been an incredibly successful long-term investment for us since our acquisition in 2011. We are pleased with the evolution of IAS into one of the leading automotive warranty platform businesses. IAS' leadership under our ownership, first Bob Corbin and then Patrick Brown, delivered organic growth, strategic acquisitions, additional product lines, and best-in-class technology solutions," Ryan Clark, Genstar President and Managing Director.

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