Douglas Guardian Services Corporation Acquires Quiktrak, Inc.

HOUSTON, TX – Douglas Guardian Services Corporation (“Douglas Guardian”), a portfolio company of Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the acquisition of Quiktrak, Inc. (“Quiktrak”).  The acquisition represents the first add-on acquisition to Douglas Guardian.  Farragut invested in Douglas Guardian in December of 2019 to support the acquisition of the Company lead by Rcap Equity (“Rcap”), a Pennsylvania-based Independent Sponsor.  Farragut supported the Quiktrak transaction with additional senior subordinated debt alongside senior financing provided by Modern Bank.  Douglas Guardian is a provider of risk mitigation solutions to asset-based lenders.

Founded in 1991 and based in Beaverton, Oregon, Quiktrak is a leading provider of collateral inspection and verification services to the global finance industry.  The Company’s solutions include monitoring, inspecting, and managing loan collateral such as automobiles, manufactured homes, recreational vehicles, agricultural equipment, and other durables.  Quiktrak administers loan collateral in every U.S. state and many of the Canadian provinces.  The acquisition of Quiktrak helps consolidate two of the large players in the industry, adding scale and increasing the footprint of the combined company while providing opportunities for both companies to realize significant cost savings.  Quiktrak is lead by Rob Murphy, who will continue his role as President of Quiktrak post-transaction.

“We are pleased to partner with Rob Murphy and the Quiktrak team,” said Randall Kutch, General Partner of RCap.  “Quiktrak is a deeply entrenched player in the collateral management space, much like Douglas Guardian, and we are excited about the growth prospects that lie ahead.”

Javier Aguirre of Farragut said of the transaction, “We’re excited to partner with Rob and the team at Quiktrak.  This acquisition is highly complementary to Douglas Guardian, and we are thrilled to support the combined business in the next phase of growth.  By combining the two companies and achieving greater scale, we are well-positioned to capitalize on significant growth opportunities moving forward.”

For more information on Douglas Guardian, please visit www.douglasguardian.com

Form more information on Quiktrak, please visit www.quiktrak.com