Atlanta-based Assurant Solutions, a provider of specialty insurance and extended service contracts, recently acquired Recreational Finance LLC.
Recreational Finance, commonly known recfin, is a developer of web-based finance and insurance operating systems for the RV market. The company will become part of Assurant Solutions affiliate United Services Protection Corp., which provides vehicle service contracts to the Assurant Solutions automotive and RV services business.
As a result of the acquisition, Assurant said it will gain the rights to recfin’s internet-based dealership, F&I operating system, F&I training services, the recfin.com full-service operating system and a dealer management system.
Terms of the deal were not disclosed.
Recfin will continue to operate at its Nixa, Mo., headquarters and will maintain all 25 employees. President Dennis Hamilton will head the new Assurant Solutions division and join Assurant Solutions as a vice president of United Services Protection.
Assurant Solutions has more than $20 billion in assets and 16 operating locations.