December 31, 2010
LAS VEGAS, NV – Montage Partners, a Scottsdale, Arizona-based private equity firm, is pleased to announce it has acquired National Home Warranty, Inc. (“National” 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 metro area 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.
National employs its own licensed, skilled service technicians which enables the Company to maintain strict control over the quality of service provided to its customers.
Montage Partners acquired National Home Warranty from the Company’s founder, Zach Lichtenstein, who will be retiring to pursue personal interests after successfully leading the Company over the past 24 years and establishing National as the leading independent home warranty provider in the Las Vegas area. Montage Partners has partnered with Mike Easterly to take over as the Company’s President. Mike has 25 years of experience managing multiple trade contracting businesses throughout the Southwest, including Nevada. Montage Partners is proud to partner with Mike and National’s existing team to build upon the Company’s successful foundation.
The Benchmark Group served as exclusive financial advisor to National Home Warranty. Montage Partners was represented by the law firms Kutak Rock LLP and 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.