LGM, which provides financial and insurance products to the auto industry as well as warranty and support programs for consumer electronics — has announced that it has simplified its corporate structure and consolidated its operating divisions under its LGM brand. Effective October 1, LGM Financial Services Inc. will operate the automotive business and LGM Consumer Services Inc. will operate the consumer electronics business.
“We have a very different business model today than when we began in 1998,” remarked Adam Hill, LGM’s chief executive. “Our exponential company growth and continued evolution in the industries we serve made a strong business case for us to re-examine the way we operate. We have always been one team, but this brand consolidation unites us further. It also presents a concise approach to our markets, and helps to streamline our business operations.”
Following consolidation the two companies are: LGM Financial Services Inc. which is partnered with eight automotive brands and servicing over 1,200 dealers, and LGM Consumer Services Inc., which delivers leading warranty and customer support services on behalf of some of the most recognized consumer product companies around the globe.
On the automotive side, LGM Financial Services Inc. has developed a reputation as a market leader in providing such services as extended warranties, credit insurance and anti-theft products.
