Advised on Sale of CompanyFinancial Services
Acquired 100% of Business Operations
Capstone Partners (IMAP USA) advised Residential Warranty Services (RWS) on its sale of certain assets to Porch Group, Inc (Porch). Terms of the deal were not disclosed outside of public statements by Porch.
Residential Warranty Services is a national provider of home warranty, service contract, and insurance products and services to homeowners and real estate vendors including home inspectors. RWS offers both core risk management as well as software and marketing services distributed through its real estate agent and home inspector channels.
The company engaged Capstone’s investment banking team to provide sell-side advisory services, who then reached out to the Capstone Financial Advisory Services (FAS) group to provide transaction advisory services as well as additional deal execution support.
Seattle-based Porch Group, Inc. (NASDAQ: PRCH), a leading vertical software platform for the home, provides software and services to more than 24,000 home services companies such as home inspectors, mortgage companies and loan officers, title companies, moving companies, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands, Porch provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, warranty, moving, security, TV/internet, home repair and improvement, and more.