Tiptree Inc. Acquires Smart AutoCare

December 17, 2019

Tiptree Inc., through its insurance subsidiary, agreed to acquire Smart AutoCare, a vehicle warranty solutions provider led by founder and CEO Peter Masi, in an all-cash transaction with incentive-based earnouts. The deal will make Smart AutoCare a wholly owned subsidiary of Tiptree Warranty Holdings LLC and is intended to materially expand Tiptree’s warranty distribution channels and fee-based cash flows outside its regulated insurance subsidiaries.

Buyers
Tiptree Inc.
Targets
Smart AutoCare
Sellers
Peter Masi
Industry
Insurance
Location
Texas, United States
Transaction Type
Buyout

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