M&A Deal Summary

Protective Life Acquires Revolos

On September 25, 2020, Protective Life acquired consumer services company Revolos from Golden Gate Capital

Acquisition Highlights
  • This is Protective Life’s 1st transaction in the Consumer Services sector.
  • This is Protective Life’s 6th transaction in the United States.
  • This is Protective Life’s 1st transaction in Georgia.

M&A Deal Summary
Date 2020-09-25
Target Revolos
Sector Consumer Services
Buyer(s) Protective Life
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Reed Smith (Legal)

Target

Revolos

Atlanta, Georgia, United States
Revolos is a full service provider of extended warranties and service contracts for new and used motor vehicles. Revolos’ products include service contracts for cars, trucks, recreational vehicles, watercraft, motorcycles and power sport vehicles. Headquartered in Atlanta, Georgia, Revolos has provided innovative products coupled with superior levels of customer service for almost 30 years. Revolos designs, markets and administers its products in 48 states and has issued more than 1 million service contracts since its inception.

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Buyer(S) 1

Buyer

Protective Life

Birmingham, Alabama, United States
Category Company
Founded 1907
Sector Insurance
Employees2,402
Revenue 4.0B USD (2013)
DESCRIPTION
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.
Entrance to Protective Life's corporate headquarters in Birmingham, Alabama.

Protective Life Corporation provides financial services in the United States. The Company is engaged in the production, distribution, and administration of insurance and investment products. Protective Life Corp. was formed in 1907 and is headquartered in Birmingham, Alabama.

DEAL STATS #
Overall 6 of 8
Sector (Consumer Services) 1 of 2
Type (Add-on Acquisition) 5 of 7
State (Georgia) 1 of 1
Country (United States) 6 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-18 United States Warranty

Pompano Beach, Florida, United States

United States Warranty Corp. is a provider of F&I products for dealers, lenders, and manufacturers, through both direct sales and select agents.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 AUL

Napa, California, United States

AUL is a provider of extended service contracts for higher mileage used cars. AUL offers a full suite of F&I products. AUL was founded in 1990 and is based in Napa, California.

Buy -

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 70 of 84
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 32 of 39
State (Georgia) 5 of 5
Country (United States) 63 of 76
Year (2020) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-31 Red Lobster

Orlando, Florida, United States

Red Lobster is a seafood restaurant concept operating more than 700 restaurants across the U.S. and Canada and a growing international franchisee footprint. Red Lobster is focused on delivering freshly prepared, high-quality seafood dishes at reasonable prices including an extensive menu featuring fresh fish, shrimp, crab, lobster, scallops, and other seafood and non-seafood options. Headquartered in Orlando, Florida, the Red Lobster team comprises more than 58,000 associates.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 ANGUS

Buffalo Grove, Illinois, United States

ANGUS engages in the manufacture and distribution of nitroalkanes and their derivatives. Through its proprietary technology, ANGUS produces a unique portfolio of specialty additives and high-performance intermediates, which help customers deliver enhanced product and process performance across a wide range of applications in life sciences, personal care, and high-growth industrial markets. ANGUS was founded in 1935 and is headquartered in Buffalo Grove, Illinois.

Sell $2.3B
Mergr

Product

Company

Legal