H.I.G. Capital has completed the acquisition of Warrantech Corporation, acquiring all outstanding shares of Warrantech in a cash merger for $0.75 per share. H.I.G. Capital partnered with AmTrust Financial Services, Inc. (NASDAQ:AFSI), a multinational specialty property and casualty holding company, to finance the transaction. Warrantech is an independent developer, marketer and third party administrator of service contracts and after-market warranties primarily for the motor vehicle and consumer products industries.
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