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Trident IV announces completion of acquisition of Automobile Protection Corporation (APCO) from Ford Motor Company
Greenwich, Connecticut, April 2, 2007 -- Trident IV, L.P. (Trident IV), together
with senior management of the company, today completed the purchase of 100%
of Automobile Protection Corporation (APCO) from Ford Motor Company.
Trident IV is a private equity fund managed by Stone Point Capital LLC.
APCO, established in 1984, is a leading marketer and administrator of extended
vehicle service contracts and warranties sold by automotive OEM’s as well as
automobile and recreational vehicle dealers located throughout the United States
and Canada. The company markets its products using the EasyCare brand, as
well as other private label automobile manufacturer brands, through a network of
independent agents that specialize in consulting with and servicing the
automotive and RV dealership market.
Stone Point Capital is a global private equity firm that manages the Trident Funds
and has raised more than $8 billion in committed capital to make investments in
the global insurance and financial services industries.
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Contact:
Charles A. Davis
Stone Point Capital LLC
(203) 862-2900
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