Colonnade Advises Southfield on Vanguard Buy
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Colonnade Advises Southfield on Vanguard Buy

colonade nf1Investment bank Colonnade Advisors was the financial advisor to Southfield Capital on its recent acquisition of Vanguard Dealer Services, a vehicle service contract (VSC) administrator.

Vanguard is an agent and administrator of finance and insurance products and services to franchised automobile dealers.  Vanguard offers a portfolio of proprietary and third party auto extended warranty (vehicle service contracts) and ancillary products such as tire protection, key replacement, dent repair and pre-paid maintenance.  The company also offers other financial and insurance consulting services to dealers such as training, compensation plan development, reinsurance, incentive management, sales strategy, compliance review, and staffing.  Vanguard was founded in 1999 and is headquartered just west of New York City in Fairfield, NJ (www.vanguarddealerservices.com).

Colonnade Advisors provides investment banking and financial advisory services to public and privately held small and mid-sized companies. Services include mergers and acquisitions, divesture, institutional private placement of equity and debt, negotiation assistance, due diligence, restructuring, recapitalization, valuation, fairness opinions, and strategic advisory services. The firm was founded in 1999 and is headquartered in Chicago (www.coladv.com).

colonade nf6Colonnade’s managing directors Chris Gillock and Gina Cocking will be presenting on the topic of “Selling a VSC Company” at the 2015 Vehicle Protection Association Conference in Las Vegas on September 9th.  They will be joined by attorney Will Turner of Barack Ferrazzano Kirschbaum & Nagelberg and accountant Joe Kaczmarek of McGladrey.

Southfield Capital provides capital for majority recapitalizations and management-led buyouts of lower middle-market businesses. The firm makes control investments of $10 million to $40 million of equity in transactions with $20 million to $100 million of enterprise value. Typical target companies will have from $4 million to $12 million of EBITDA.  Sectors of interest include: business services; consumer products & services; distribution & fulfillment; energy; healthcare; media & entertainment; niche manufacturing; power & infrastructure; specialty finance; and specialty retail.  Southfield Capital was founded in 2005 as the successor company to the private investment firm Levison & Company and is headquartered in Greenwich, CT (www.southfieldcapital.com).

Senior financing for the Vanguard acquisition was provided by East West Bank (www.eastwestbank.com) and subordinated debt was provided by Fidus Investment Corporation (www.fdus.com).  Woodbridge International (www.woodbridgegrp.com) was the financial advisor to Vanguard and its shareholders.

© 2015 PEPD • Private Equity’s Leading News Magazine • 8-26-15

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