The Amynta Group to Acquire Guardsman
Adds Furniture Protection to its Expanding Portfolio of Warranty and Service Contracts
21 Sep, 2018, 10:00 ET
NEW YORK, Sept. 21, 2018 /PRNewswire/ -- The Amynta Group, an industry leading group of warranty, managing general agent and specialty risk companies, today announced that it has acquired Guardsman US LLC, Guardsman Australia PTY Limited and Guardsman Industries Limited (collectively, "Guardsman"), a leading furniture care and protection business, with operations in the United States, Australia and the United Kingdom. Terms of the transaction were not disclosed.
Guardsman is a former division of The Valspar Corporation, which was acquired by The Sherwin-Williams Company in 2017.
Amynta CEO Stuart Hollander said, "With our acquisition of Guardsman, we are continuing to build Amynta's consumer warranty segment and making a significant expansion in the furniture protection, care and repair services space. With more than 100 years in the business, Guardsman has been a long-time leader and today has operations on three continents and a highly-respected brand recognition."
Founded in 1915 in Grand Rapids, Michigan, Guardsman's team of more than 200 employees and global footprint allows the company to service customers throughout the United States, Canada, the United Kingdom, Ireland, the Netherlands, Australia, New Zealand, Malaysia, Singapore and China. The company markets furniture protection plans, furniture care and repair products, and furniture repair services.
Guardsman North American General Manager Tim Mrotek, said, "Guardsman and our worldwide team of professionals are pleased to be joining a warranty leader like Amynta. We believe our role as a leader in furniture protection brings a significant new offering to Amynta's consumer warranty portfolio."
Hollander concluded, "We foresee opportunities to expand Guardsman protection plans, products and repair offerings across Amynta's current consumer warranty base, particularly in the e-commerce channels. We also believe the combined brand power of Amynta and Guardsman will give us an edge in acquiring new business in the marketplace for warranties and associated services."
About The Amynta Group
The Amynta Group is an industry leading group of warranty, managing general agent and specialty risk companies. This collection of professionals and firms provides warranty and services contracts for the automotive, consumer products and specialty equipment industries, among others, and administers niche workers' compensation and contractor liability coverage in the United States on behalf of AmTrust and other carriers. The Amynta name is derived from antiquity and means "protector," which underscores the company's focus and commitment to bringing industry leading products and services to its wide range of clients and customers. Amynta plans to invest in growing and maintaining its market leading position with a focus on ensuring a high performing work culture, product innovation and market expansion. For more information, please visit www.amyntagroup.com.
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Amynta Group Media
SOURCE The Amynta Group
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