A Locke Lord team led by Stefan Smith (Dallas) represented American Home Protect, LLC (AHP), in its sale to Porch Group, Inc., a leading vertical software and InsurTech company. Based in Plano, Texas, AHP is a provider of whole home warranty policies across the United States; it currently provides home warranty policies in 45 states and is in the process of obtaining licenses in an additional four states. The deal closed on September 9, 2021. The acquisition allows Porch to enter the home warranty market. Additional assistance was provided by Mark Backofen, Will Becker, Sally Cooper, Kelsey French, Jennifer McCoy, Chrissy Metcalf, Geoffrey Polma, Robin Shaughnessy, Katy Skattum and Kimberly Williams (all of Dallas), Brian Casey (Atlanta) and Andrew Nelson (Houston).
Posted on September 15, 2021