December 29, 2017
LAS VEGAS, NV – Montage Partners, a Scottsdale, Arizona-based private equity firm, announced today the successful exit of its investment in National Home Warranty, Inc. (“NHW” or the “Company).
Founded in 1986 and located in Las Vegas, Nevada, National Home Warranty is a leading provider of home warranty service contracts to homeowners in the Las Vegas, Phoenix and Tucson metro areas covering the repair or replacement of electrical systems, plumbing systems, air conditioning and heating systems, water heaters, and other optional coverages such as pool equipment and appliances.
Montage Partners acquired National Home Warranty in December 2010 in partnership with Mike Easterly, who succeeded NHW’s founder, Zach Lichtenstein, as the Company’s second President in its 24-year history. Over the past seven years, Montage Partners collaboratively supported the Company through several strategic initiatives to further build upon the Company’s track record of success, including the Company’s entrance into the Phoenix and Tucson markets in 2011. In addition, Montage Partners supported management in strengthening the Company’s claims processing infrastructure in order to further enhance customer service which has led to industry-leading renewal rates.
Montage Partners was represented by the law firm Osborn Maledon, P.A.
About Montage Partners
Founded in 2004 and located in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners provides liquidity to those who have spent years of their life building great companies, protects those companies through a transition of ownership and supports the next generation of a company’s leadership in executing on growth initiatives. For more information, please visit www.montagepartners.com.