Protect My Car Blog

Left Orange Image

Dock Square Capital Invests in Protect My Car of S...

In The Media, Protect My Car

By PMC Blog Staff | 4/3/19 1:00 PM | 0 minutes to read

Dock Square Capital LLC, private equity firm with former Florida governor and 2016 presidential candidate Jeb Bush and his son on board, paid an undisclosed sum for a minority stake in Crestview Partners LLC-backed Protect My Car, the firm said on Tuesday, April 2.

 

In a separate deal, Dock Square Capital was one of several investors backing Vertical Bridge Holdings LLC, the largest private owner and operator of communications infrastructure in the U.S., which sold a 30% stake to Caisse de dépôt et placement du Québec (CDPQ), for an undisclosed sum. Bush joined the board of Vertical Bridge in 2017.

 

In the first deal, Bush, who is managing partner and chairman of Dock Square Capital, will join Protect My Car as a member of its board of directors. No investment bank was used on the transaction, according to a source.

 

St. Petersburg, Fla.-based Protect My Car (PMC) provides extended warranty products for vehicles.

 

"We have been greatly impressed by PMC's service quality, operational acumen, and customer-focused innovation," Bush said in a statement.

 

"Dock Square will add tremendous value as we accelerate our growth plans through strategic partnerships," Craig Rubino, CEO of Protect My Car, said in a statement.

 

Officially launched in January 2017, Coral Cables, Fla.-based Dock Square Capital came out of a predecessor business, Britton Hill Partners, which was co-founded by Bush in 2008, according to a source.

 

Dock Square makes principal investments "which are often originated through our unique network," the firm said on its website.

 

The Deal lists one Britton Hill deal. In 2018, Britton Hill Partners sold Hawker Pacific Pty. Ltd. to General Dynamics for $250 million.

 

Bush's son, Jeb Bush Jr., works as a founding managing partner of Dock Square Capital. He was a former partner at Britton Hill.

 

Crestview Partners announced its investment in Protect My Car in September as an acquisition from a private investor group, which was not named.

 

In the Caisse de dépôt et placement du Québec deal, the Canadian pension fund joined a bevy of investors in Vertical Bridge Holdings, including Digital Bridge Holdings LLC, Jordan Co., Goldman Sachs Infrastructure Partners, Stonepeak Infrastructure Partners, Edgewater Funds, California State Teachers' Retirement System and Dock Square.

 

Please visit https://protectmycar.com or http://www.docksquarecapital.com for more information.

Get A Free Quote

Disclaimer: By submitting this form I am giving Protect My Car consent to contact me by email and/or telephone which may include artificial or pre-recorded calls and/or text messages, delivered via automated technology at the telephone number(s) provided above even if I am on a corporate, state or national Do Not Call Registry. I understand that consent is not a condition of purchase. For sms messaging text stop to stop. Msg and data rates may apply. Max 10 messages per month. The Protect My Car privacy policy governs our data collection policy. Protect My Car does not offer or sell Vehicle Service Contracts in CA, FL, MO, LA, WA or OK.