Montage Partners Successfully Exits Investment in National Home Warranty, Inc.
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 headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.