Ropes Aids Genstar To Purchase Auto Insurer IAS

Law360, New York (December 23, 2011, 12:46 PM EST) -- Private equity firm Genstar Capital LLC has bought Innovative Aftermarket Systems, a Texas-based maker of vehicle anti-theft devices and insurance products that protect car owners in cases of theft, for an undisclosed price, GenStar said Friday.

San Francisco-based Genstar, which has $3 billion under management and typically makes investments in the $50 million to $400 million range, said it was teaming with IAS's current management team in the buyout.

IAS, which its chief executive said was experiencing "tremendous growth," offers products and services including anti-theft protection,...
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