Reynolds Acquires F&I Product, Service Provider
Expands portfolio by adding F&I products and services for automotive, RV, powersports, marine, commercial trucking markets.

When the acquisition finalizes, the current AGWS leadership team will remain in place.
IMAGE: Reynolds and Reynolds
The Reynolds and Reynolds Co. acquired American Guardian Warranty Services, a provider of vehicle service contracts, limited warranties and other F&I products and services. The acquisition will provide a clear path for dealers looking to streamline selling after-market products, no matter where the customer is – online, in-store or a combination of the two.
“Consumers are demonstrating that regardless of how they shop, they see growing value in F&I products. But they expect to be educated, and they expect accurate pricing,” said Reynolds President Chris Walsh. “AGWS has proven to be the leader in after-market product offerings and customer service, and Reynolds provides the tools to help sell effectively, rate products, and book contracts instantly, no matter where the customer is.”
When the acquisition finalizes, the current AGWS leadership team will remain in place. Reynolds believes in the value and importance of its people, and the company looks forward to welcoming AGWS employees to its team.
“For 25 years, AGWS has grown and thrived as a leader, innovator and important part of the F&I products business and retail vehicle industry,” said AGWS President Jon Anderson. “Now, combined with Reynolds’ industry-leading technology and tools, like the docuPAD system and Gubagoo Virtual Retailing, dealers will be able to provide a seamless F&I selling experience for both their customers and their employees.”
“The acquisition of AGWS shows Reynolds’ continued growth through strategic investments as we expand our footprint in retail automotive,” said Robert Burnett, Reynolds executive vice president of corporate development. “Much like our acquisition of Proton Dealership IT last year, AGWS has established itself as a leader in the segment of the industry they are experts in.”
“This opportunity brings together the immense skills, resources and experience of two industry-leading companies. The outcome will be industry-changing,” said co-founder Rogers P. Freedlund Jr. of AGWS. “Thank you to all the AGWS team and everyone involved with this transaction.” Freedlund will retire after more than 50 years in the industry upon completion of the transaction after a decades-long career of leading and building four companies.
Katten Muchin Rosenman LLP in Chicago served as legal adviser to AGWS on the transaction. Waller Helms Advisors served as exclusive financial adviser to AGWS. Colonnade Securities LLC served as exclusive financial adviser to Reynolds and Reynolds. Colonnade was selected by Reynolds due to its position as the leading investment bank in mergers and acquisitions for the auto F&I industry.
“Reynolds and AGWS are a great fit together due to AGWS’ expertise and unrivaled service, and Reynolds’ knowledge, resources, and ability to scale,” Walsh said. “The quality products and services AGWS offers are an essential part of every automotive consumer’s journey, and an important part of the success of dealerships across the country.”
Originally posted on F&I and Showroom
More Industry

Autos More Appealing
Consumers gave new cars better scores again this year for design, performance and more as mass-market brands kept gaining on premium lineups, JD Power found in an annual poll.
Read More →
Used EVs Defy Overall Market
While the used-car market saw three months of price declines or stagnation, the used EV segment did the opposite – rising for three straight months.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Gone to the Dogs
A Stellantis brand decided to have some fun with one of its SUVs’ design to address growing emphasis on family pets.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
Luxe N.C. Dealerships Change Hands
A collection of Italian and English brand franchises were handed off to the owner’s friend in the business and include the Carolinas’ only Ferrari retail stores.
Read More →
Exposure Drives Interest in Chinese Cars
At a recent demonstration, consumers had the chance to ride in a Chinese-branded vehicle, a firsthand experience that improved their perceptions and purchase intent.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Agent Advocate
Rob Mancuso, who comes from a long line of auto dealers, values general agents’ place in the industry and makes a case for them taking an even bigger seat at the table.
Read More →
Driving Under Distraction
Though consumers gave higher marks to new vehicles in JD Power’s most recent initial-quality poll, high-tech interference worsened, pointing to craving for simplicity.
Read More →