Colonnade advises Endurance, a leading vehicle service contract company, on its sale to TRP Capital Partners

Colonnade advises Endurance, a leading vehicle service contract company, on its sale to TRP Capital Partners

June 2015

Endurance Dealer Services, LLC and Endurance Warranty Services, LLC (together “Endurance”), a leading direct-to-consumer marketer, administrator and payment plan provider for vehicle service contracts (VSCs), announced its sale to affiliates of TRP Capital Partners. Under the terms of the sale, TRP Capital Partners will take a controlling interest in Endurance, with the recapitalized company expected to pursue opportunities for continued growth. Paul Chernawsky and Jordan Batt, Endurance’s executive leadership and founders, will retain a significant ownership stake in the company and will continue to operate the business going forward. Colonnade Securities served as the exclusive financial advisor to Endurance on this transaction.

Paul Chernawsky commented, “We are excited at Endurance about our relationship with TRP Capital Partners and our future growth.  Colonnade was integrally involved in each step of the transaction process including close collaboration with us in developing unique financial analyses and highlighting our strengths.”

About Endurance

Founded in 2006, Endurance is a leading direct-to-consumer marketer, administrator and payment plan provider of vehicle service contracts. Endurance is both “A+” rated by the Better Business Bureau and certified by the Vehicle Protection Association, a national association that promotes self-regulation of direct-to-consumer VSC sales companies. www.endurancewarranty.com

About TRP Capital Partners

TRP, an investment firm based in Bloomfield Hills, MI, is focused on providing private capital to high quality, lower middle market businesses in the transportation and transportation services sectors. www.trpfund.com

About Colonnade

Colonnade Securities LLC is a registered broker/dealer focused on advising companies in the financial services and business services sectors on mergers, acquisitions, divestitures and private placements.  www.coladv.com