Safe-Guard Products, recognized as a pioneer and also a key provider of products and services in the F&I field, recently announced that it had been acquired by investment firm Goldman Sachs, in partnership with management from H.I.G. Capital.
Safe-Guard, which offers a range of F&I related goods and services ranging from theft protection, to pre-paid maintenance plans, roadside assistance, vehicle appearance protection accessories and even customer identity theft and spot delivery insurance coverage, said that the acquisition should provide a solid opportunity to build upon its already prominent market position within the F&I field.
Randy Barkowitz, Safe-Guard’s CEO said, the company is “ excited to partner with Goldman Sachs to continue to grow its business and build upon its market-leading position. With our partners, we are well positioned to drive sales growth, provide service delivery enhancements and introduce new products that deliver exceptional value for our dealers and their customers.”
Safe-Guard’s founder and former chairman, Doug Duncan, added that “Safe-Guard’s core values of providing innovative products and excellent customer service are the foundation to its success. Alongside its latest partner, Goldman Sachs, the company will continue to chart a great future.”
