Insurance services company Amynta Group has announced that it has entered into an agreement to acquire American Auto Guardian, Inc. (AAGI), a provider of protection products and services to a network of automotive original equipment manufacturers (OEMs), agents, independent dealers and dealer groups. Terms of the transaction were not disclosed.
AAGI operates through approximately 250 distribution partners and served more than 4,500 dealers across the country. With the acquisition of AAGI, Amynta will serve about 15,000 dealerships in the US and Canada through more than 1,400 agents, protecting more than 5.4 million vehicles. AAGI will continue to operate under the leadership of CEO Tim Brugh and its senior management team, Amynta said.
“AAGI has built an outstanding company over 20 years, focused on consistently delivering performance to their distribution partners and dealers, with a successful track record of growth and profitability under the leadership of Tim Brugh,” said Rob Giammarco, chairman and CEO of Amytna. “AAGI brings new distribution partners, OEM relationships, dealer networks and geographic reach, broadening our presence, particularly in the Midwest. AAGI expands our warranty offerings, providing incremental opportunities to drive growth across our business.”
“Joining forces with Amynta is a great opportunity for AAGI, as the enhanced scale and reach will help us deliver even more capabilities to our distribution partners and dealers,” Brugh said. “I see many new opportunities for our clients, partners and employees. We are looking forward to joining Amytna and continuing to provide our clients and partners with best-in-class products and services and the ease of doing business they have come to expect.”