Tiptree Financial (TIPT) to acquire Smart AutoCare

Go back to Tiptree Financial (TIPT) to acquire Smart AutoCare

Tiptree to Acquire Growing Vehicle Warranty Solutions Provider, Smart AutoCare

December 17, 2019 9:00 AM EST

Founder and CEO Peter Masi will continue to run business

NEW YORK & RICHARDSON, Texas--(BUSINESS WIRE)-- December 17, 2019--Tiptree Inc. (NASDAQ: TIPT) and Peter Masi today announced that Tiptree Insurance has agreed to acquire Smart AutoCare, a rapidly growing vehicle warranty solutions provider led by its founder and CEO, Peter Masi, in an all cash transaction that will also include incentive-based earn outs over time. The transaction is subject to customary closing conditions including regulatory approval and is expected to close early in the first quarter... More