Montage Partners bought LY Inc. and National Home Warranty, affiliated companies that provide warranty contracts for Las Vegas-area residential home systems and appliances as well as repairs. The Benchmark Group acted as advisor to National Home Warranty and LY Inc. Montage Partners’ other investments include Desierto Verde, which works with commercial and residential real estate landscaping companies, and Riggs Plumbing, an Arizona-based company.
Montage Partners Acquires National Home Warranty, Inc. and LY, Inc.
VOORHEES, NJ, January 3, 2011 — The Benchmark Group, Inc. is pleased to announce the sale of National Home Warranty, Inc. and its sister company LY, Inc. to Montage Partners, LLC a private investment firm. The transaction closed on December 31, 2010. Benchmark acted as the exclusive advisor to National Home Warranty, Inc. and LY, Inc.
About National Home Warranty, Inc.
National Home Warranty, Inc. provides home warranty contracts for systems and appliances for residential customers in the Las Vegas, NV metropolitan area. The Company provides residential customers with contracts to repair or replace electrical, plumbing, central heating and central air conditioning systems, hot water heaters and other covered appliances or systems that break down due to normal wear and tear. Repair services, under those contracts are customarily provided by NHW’s sister company, LY, Inc. LY is a provider of systems and appliance repair services in the Las Vegas metropolitan market. For more information go to www.lv-homewarranty.com
About Montage Partner, LLC
Montage Partners is a private investment firm that seeks to partner with mature family-owned and founder-owned companies in the western U.S. For more information go to www.montagepartnersllc.com