iA Financial Group’s Acquisition Of Innovative Aftermarket Systems


Ropes & Gray advised Genstar Capital in the transaction.

iA Financial Group executed its acquisition of Innovative Aftermarket Systems (IAS), a premier marketer, administrator, and underwriter of vehicle protection products, from Genstar Capital. Terms of the transaction were not disclosed.

Genstar Capital is a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries.

IAS is the leading provider of automotive warranties, vehicle services contracts training, and related software and services sold across a broad and diverse distribution network. IAS has over 500 employees nationally and more than 4,300 active dealer relationships.

iA Financial Group (TSX: IAG) operates as an insurance and wealth management company. The Company offers life, car, home, mortgage, critical illness and disability, travel, and group insurance services, as well as savings plans, retirement solutions, annuities, securities, investment funds, loans, and financial services.

The Ropes & Gray team that represented Genstar Capital was led by private equity partner Jason Freedman (Picture; San Francisco), and included private equity associate Justin Voeks(Chicago), tax partner Lee Allison (Boston), employment, executive compensation & benefits partners Jennifer Rikoski and Douglas Brayley (Boston), litigation & enforcement partner Ama Adams (Washington D.C.), litigation & enforcement partner Anne Johnson Palmer (San Francisco) as well as private equity partners Michael Lee (Boston) and Howard Glazer (San Francisco).

Involved fees earner: Ama Adams – Ropes & Gray; Lee Allison – Ropes & Gray; Douglas Brayley – Ropes & Gray; Jason Freedman – Ropes & Gray; Howard Glazer – Ropes & Gray; Anne Johnson Palmer – Ropes & Gray; Michael Lee – Ropes & Gray; Jennifer Rikoski – Ropes & Gray; Justin Voeks – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Genstar Capital;

Author: Ambrogio Visconti