Assurant acquires the RPM Group
April 20, 2007
Filed under Features
The RPM Group, the industry’s largest 20 club provider, has been acquired by Assurant Solutions in a deal that will provide greater brand recognition for the F&I provider and more resources to the company that was previously majority owned by Mark Tkach and Bill Coulter, the co-owners of RideNow Powersports Management Group.
Sam Dantzler will continue to be president of the RPM Group, which will remain an independent company under Assurant Solutions, said Jimmy Atkinson, vice president of the company’s Auto & Recreational Services division.
The acquisition marks a different type of investment for Assurant Solutions, which, in its three years of providing F&I services to powersports dealers, has relied primarily on organic growth. Assurant Solutions has provided F&I services in the automotive market for more than 30 years and provides those same services for the RV and marine markets.
For more on the RPM Group sale, see the April 23rd edition of Powersports Business.