Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive financial advisor to Montage Furniture Services (“Montage”) on its sale to One80 Intermediaries (“One80”). This transaction adds to GCG’s experience in the insurance services sector.
About the Transaction
GCG acted as the exclusive financial advisor to Montage in assisting with the marketing, structuring and execution of a sale. Included in the transaction are Montage Furniture Services and Montage Jewelry Care, based in Grand Rapids, Michigan. Protection plans include traditional pooled risk, and captive/reinsurance protection programs.
“We are excited to be a part of the One80 platform as it will enable us to offer our retail partners and consumers with diverse warranty and protection plans, while allowing us to continue to provide market leading customer service and maintain our entrepreneurial culture,” said Alan Salmon, Managing Director, One80 Intermediaries.
“One80 entered the warranty business in 2020 with the acquisition of Safeware, a fully licensed insurance agency and Third-Party Administrator for extended warranty and service plan solutions. We are committed to growing in this space and look forward to partnering with the Montage team,” said Matthew F. Power, President, One80 Intermediaries.
“Montage has a reputation for timely and responsive service; from the initial contact with their service center staff, to the prompt dispatch of their certified repair technicians to the consumer’s home,” said Bryan Schutjer, Warranty and Product Protection Practice Leader, One80 Intermediaries.
Montage is a leading provider and servicer of furniture protection contracts throughout the United States. Montage’s furniture protection plans are available through furniture retail stores at the time of purchase and cover residential furniture, jewelry and watch purchases. Montage has been in business for over 40 years and was the first traditional furniture protection plan vendor in the United States to offer plans backed by the security of an “A” rated underwriter.
One80 Intermediaries is a privately held insurance wholesale broker and program manager with offices in both the US and Canada. One80 serves commercial companies, non-profits, public entities, and individuals, with coverage spanning all industry classes. One80 offers market leading access to all major insurance markets in the US, UK, and Canada, as well as in-house binding authority for property & casualty, financial lines, personal lines, life insurance, medical stop loss risks, travel/accident and health, and warranty coverage.