10:43 am, August 25, 2026
Warranty provider Car Care Plan looks set to pass into US ownership after a deal was struck with investors on the other side of the Atlantic.
The American insurance intermediary ANV Group has entered into a ‘definitive agreement’ to acquire the firm, which it describes as ‘the UK’s number one provider of motor warranty’.
The New-York based outfit expects to have the deal wrapped up by the end of September, subject to closing conditions being met.
Founded in 1976, Car Care Plan provides vehicle warranties, asset protection products and aftersales support and administration to more than 2,500 car dealers and 30 manufacturers.
It also operates internationally, serving customers in around 100 countries.
The takeover deal includes a number of subsidiaries from around the US, Europe, Turkey and China, including the British Dent Wizard Ventures , which provides mobile bodywork, paint and alloy wheel refurbishment and repair services.
Current owners AmTrust will also remain on board as the firm’s underwriting partner.
Executives say that the acquisition will help establish Car Care Plan as a ‘scaled player in the global vehicle warranty market’, while continuing to operate under its existing name.
The firm’s management, including CEO Ben Russell, will be retained once the deal is completed, along with its customer contacts, products and underwriting approach.
Adam Karkowsky, chairman and CEO of ANV, said: ‘Car Care Plan is a best-in-class franchise with deep and long-standing OEM and dealer relationships, and differentiated underwriting, claims, and administration capabilities that are difficult to replicate.
‘This acquisition is fully aligned with ANV’s strategy of partnering with MGAs in attractive markets, and it establishes a scaled platform in the warranty vertical.
‘We are excited to work with Ben Russell and the team to support the company’s next phase of growth.’
Russell himself added: “’This marks an exciting new chapter for Car Care Plan.
‘ANV’s long-term investment approach, capital strength, and global platform are ideally suited to accelerate our growth while preserving the brand, service, and relationships our clients know today.
‘We are confident this is the right home for our business, our people, and our customers.’
The agreement comes after experts recently told Car Dealer that the automotive mergers and acquisitions market was ‘as tough as it’s been in ten years’.
The financial terms of the transaction have not been disclosed.