Ropes & Gray Advises Genstar Capital in its Sale of Innovative Aftermarket Systems to iA Financial Group
Ropes & Gray advised Genstar Capital in its sale of Innovative Aftermarket Systems (IAS) to iA Financial Group. Terms of the transaction were not disclosed. The press release is here.
Genstar Capital is a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries. Headquartered in Austin, IAS is the leading provider of automotive warranties, vehicle services contracts training, and related software and services sold across a broad and diverse distribution network. IAS has over 500 employees nationally and more than 4,300 active dealer relationships.
The Ropes & Gray team that represented Genstar Capital was led by private equity partner Jason Freedman (San Francisco), tax partner Lee Allison (Boston), employment, executive compensation & benefits partners Jennifer Rikoski and Douglas Brayley (Boston), litigation & enforcement partner Ama Adams (Washington D.C.), litigation & enforcement partner Anne Johnson Palmer (San Francisco) as well as private equity partners Michael Lee (Boston) and Howard Glazer (San Francisco).