Stout served as exclusive financial advisor to StoneEagle F&I, one of the leading and most respected technology providers in the automotive industry, in connection with its acquisition by Battery Ventures, a global technology-focused investment firm.
StoneEagle F&I’s cutting-edge technology suite – focused on sales, service, and reporting technologies as well as third-party administration solutions – touches most players in the F&I space, including dealerships, general agents, third-party administrators, OEMs, and associated services providers. Furthermore, StoneEagle F&I has spent decades understanding the key habits that drive auto dealers’ profitability and create positive experiences for consumers shopping for automotive finance-and-insurance (“F&I”) products. Common F&I products include vehicle service contracts, guaranteed asset protection (GAP) plans, and ancillary products such as prepaid maintenance offerings, dent and ding protection, and wheel and tire coverage.
The new investment with Battery will allow the company to continue developing superior products and create a new industry benchmark for high-integrity technology and services.