Safe-Guard Bought by Goldman Sachs Affiliate
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ATLANTA — Safe-Guard Products International, an F&I
provider in the auto industry, announced recently it has been purchased from
H.I.G. Capital by an affiliate of Goldman Sachs, in partnership with
management.
"Safe-Guard is excited to partner with Goldman Sachs to
continue to grow its business and build upon its market-leading position," said
Randy Barkowitz, chief executive officer. "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."
Doug Duncan, founder and former chairman, said:
"Safe-Guard's vision and 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."
"Safe-Guard has an industry-leading management team and
world-class relationships," said Sumit Rajpal of Goldman Sachs. "We look
forward to working with the Company as it continues to provide superior
products and services to all of its customers."
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