Stone Point Capital, a longstanding investor in Safe-Guard, will continue to partner with the comp any and participate on Safe-Guard’s board. Safe-Guard’s management team will also remain in place.
As part of the transaction, Randy Barkowitz is assuming a board-level leadership role as full-time Executive Chairman, while David Pryor will continue in his role as President and take on the additional responsibility of CEO of Safe-Guard.
Randy Barkowitz, Executive Chairman at Safe-Guard, commented: “We are thrilled to welcome Hellman & Friedman as our new majority investor. Safe-Guard’s commitment to excellence remains steadfast. With Hellman & Friedman’s backing and Stone Point’s continued support, we are positioned to deliver even more innovative solutions, superior service, and unmatched value to our partners and their customers.”
Hunter Philbrick, Partner at Hellman & Friedman, added: “Safe-Guard is a differentiated provider of private label protection products, offering value to dealers, strategic partners, and consumers. The business has built an impressive reputation for its high-quality products and service, and we are excited to partner with the talented management team and provide additional firepower to support the company’s strategic priorities. We see several significant growth opportunities and look forward to working together to realise the immense potential ahead.”
