Ropes & Gray Advised Genstar Capital on Acquisition of Oncourse Home Solutions

Ropes & Gray represented Genstar Capital in its agreement to acquire Oncourse Home Solutions, a provider of home infrastructure warranties, from Apax Partners. The transaction was announced on Aug. 19. Financial terms were not disclosed.

Founded in 1992, Oncourse protects the critical home infrastructure that homeowners rely on, including water, sewer, gas, and electric lines, in-home plumbing, and home systems and appliances. The company serves more than two million customers across 48 states, reaching homeowners through exclusive affinity partnerships and a growing direct-to-consumer channel.

Genstar is a leading private equity firm that has been actively investing in high-quality companies for over 35 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $51 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, healthcare, and software industries.

The team was led by private equity partner Elizabeth Gallucci and associate Anna Park, and included finance partners Patricia Lynch and Chris Poggi, private equity counsel Amy Olson, tax partner Brandon Dunn, executive compensation & employee benefits partner Kyle Higley, employment partner Richard Kidd, litigation & enforcement partner Jackie Grise, and IP transactions partner Emily Karlberg.