Atlanta-based insurance provider to automotive industry sold
Safe-Guard Products International, an Atlanta-based company that provides finance and insurance products to the automotive industry, has been sold by its private equity owners.
An affiliate of Goldman Sachs purchased the company from H.I.G. Capital, Safe-Guard announced Friday. The terms of the deal were not disclosed.
David Duncan, Safe-Guard’s president, said the new ownership will help the company expand in China and elsewhere. Safe-Guard employs about 225 people, Duncan said, 210 of whom are in Atlanta.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
