F&I products provider RPMOne has been acquired by a corporation that owns similarly high-profile companies in other vehicle industries.
RPMOne, the Jupiter, Fla.-based company, has become part of Warranty Holdings, a company backed by Golden Gate Capital, a $9 billion private equity firm, the companies recently announced in a joint press release.
Barry Miller, president and founder, told Powersports Business the acquisition provides the company a wealth of new staffing and expertise plus more service and support to its consumers. “We’re excited,” he said. “We think it’s a bright future.”
Some of the results of the new ownership are expected to be unveiled later this year and in the first quarter of 2010.
RPMOne, which works with 400 dealers, will be joining a corporation that includes Interstate National Dealer Services, which has administrated more than 2 million service contracts in different new and used vehicle categories, and National Warranty Corp./Payment Insured Plan Inc., a Northwest-based F&I product company for the auto industry.
For more on the acquisition, see an upcoming edition of Powersports Business.