Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce the acquisition of Sonsio, LLC (“Sonsio” or the “Company”), by a strategic buyer (the “Buyer”). Class VI served as the exclusive financial advisor to Sonsio.
“The Sonsio story is truly an incredible entrepreneurial success story and a testament to the owners’ and management team’s ability to build a highly successful organization. The opportunity to join the Buyer will be a great next chapter for the Company. It was a pleasure to work with David, Michael and the Sonsio team throughout the transaction process and see a truly exceptional team at work” said Chris Younger, Managing Director at Class VI. The Company’s management team, including its CEO, David Jones, will remain with the business.
“I’m very excited personally and for our employees as we enter this next chapter of growing and generating new opportunities for our loyal customer base. It was critical to me and my leadership team that we found a partner whose values were in alignment with ours, enabling us to maintain our risk management expertise while expanding the products and services we offer. Class VI did an outstanding job of understanding our objectives and requirements for a growth investor and ensured through the process that we remained aligned. The Buyer brings experience that will greatly assist us in forging continued growth and success, while maintaining the Company’s family values and dedication to our local community”, David Jones, Sonsio CEO, added.
Sonsio is a market leader in providing and administering road hazard tire programs, tire and wheel programs, parts and labor warranties, product enhancement programs for automobiles, recreational vehicles, motorcycles, and travel trailers. Sonsio’s programs are offered through more than 55,000 auto related retail outlets across North America. The Company protects more than 38 million tires through road hazard protection plans and almost 80 million automotive repairs, through parts and labor warranties. With nearly 35 years of data and experience managing risks for different types of programs and clients in the automotive industry, Sonsio has consistently grown revenues, profits, and cash flow. The Company has developed an invaluable understanding of risk management in its industry segment. Sonsio was founded in 1984 and is headquartered in Arvada, Colorado.
The transaction was closed on May 31, 2018.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
David Jones, CEO of Sonio, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by David Jones may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.