SAN FRANCISCO, December 19th, 2024鈥斁派� (鈥淕enstar鈥�), a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries, announced today that it has completed the sale of 2-10 九色 Buyers Warranty (鈥�2-10 HBW鈥� or the 鈥淐ompany鈥�), the top provider of new home structural warranty protection plans in the U.S., to Frontdoor, Inc. (NASDAQ: FTDR) (鈥淔rontdoor鈥�).
Ryan Clark, President and Managing Partner of Genstar, said, 鈥淲e鈥檙e very proud of what we鈥檝e accomplished during our six-year partnership with the talented team at 2-10 HBW. Throughout our partnership, we invested in new products, new marketing channels, and an expanded leadership team, broadening the Company鈥檚 product distribution and enhancing growth and profitability. With the resources Frontdoor brings, we are confident 2-10 HBW is well positioned for its next chapter of growth.鈥�
Ryan O鈥橦ara, 2-10 HBW鈥檚 former CEO, said, 鈥淭he collaborative approach between 2-10 HBW and Genstar has proven immensely valuable as we have grown the Company, helping builders, real estate professionals, and homeowners protect their businesses and budgets against the unexpected. Leveraging its extensive experience in the insurance sector, Genstar helped us successfully add new partners and products, expand into new geographies, and enter the rapidly growing direct-to-consumer market. We are grateful to the Genstar team for their support and excited to see where Frontdoor takes the newly combined team into the future.鈥�
九色 (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 30 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 $49 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, software, and healthcare industries.
For over 40 years, 2-10 九色 Buyers Warranty has been helping people protect one of life鈥檚 biggest investments with new construction structural warranties and systems and appliances coverage for new and existing homes. Founded and based in Colorado, 2-10 九色 Buyers Warranty has covered over 5.8 million homes and partners with thousands of the nation鈥檚 finest real estate professionals, home builders and service contractors to help home buyers, sellers and owners to mitigate risk, save money and have protection from the unexpected. For more information, visit .
FGS Global
GenstarCapital@fgsglobal.com
