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SAN FRANCISCO, December 19th, 2024—Genstar Capital (“Genstar”), a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries, announced today that it has completed the sale of 2-10 Home Buyers Warranty (“2-10 HBW” or the “Company”), the top provider of new home structural warranty protection plans in the U.S., to Frontdoor, Inc. (NASDAQ: FTDR) (“Frontdoor”).
Ryan Clark, President and Managing Partner of Genstar, said, “We’re very proud of what we’ve accomplished during our six-year partnership with the talented team at 2-10 HBW. Throughout our partnership, we invested in new products, new marketing channels, and an expanded leadership team, broadening the Company’s product distribution and enhancing growth and profitability. With the resources Frontdoor brings, we are confident 2-10 HBW is well positioned for its next chapter of growth.”
Ryan O’Hara, 2-10 HBW’s former CEO, said, “The collaborative approach between 2-10 HBW and Genstar has proven immensely valuable as we have grown the Company, helping builders, real estate professionals, and homeowners protect their businesses and budgets against the unexpected. Leveraging its extensive experience in the insurance sector, Genstar helped us successfully add new partners and products, expand into new geographies, and enter the rapidly growing direct-to-consumer market. We are grateful to the Genstar team for their support and excited to see where Frontdoor takes the newly combined team into the future.”
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $49 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, software, and healthcare industries.
For over 40 years, 2-10 Home Buyers Warranty has been helping people protect one of life’s biggest investments with new construction structural warranties and systems and appliances coverage for new and existing homes. Founded and based in Colorado, 2-10 Home Buyers Warranty has covered over 5.8 million homes and partners with thousands of the nation’s finest real estate professionals, home builders and service contractors to help home buyers, sellers and owners to mitigate risk, save money and have protection from the unexpected. For more information, visit www.2-10.com.
FGS Global
GenstarCapital@fgsglobal.com
