auto dealer in black and red logo
MenuMENU
SearchSEARCH

Reynolds Acquires F&I Product, Service Provider

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

January 30, 2023
Reynolds Acquires F&I Product, Service Provider

When the acquisition finalizes, the current AGWS leadership team will remain in place.

IMAGE: Reynolds and Reynolds

3 min to read


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.”

Topics:Dealer Ops

Originally posted on F&I and Showroom

More Dealer Ops

Auto Dealer Today, Dealer Debrief, 09/10/2026, with Lauren Lawrence
Dealer Opsby Lauren LawrenceSeptember 10, 2026

How to Avoid Phone Scams | Dealer Debrief 09/10/2026

Are you taking the necessary steps to protect your dealership and customer data from phone-based scams? This week's Dealer Debrief breaks down how!

Read More →
Auto Dealer Today, Dealer Debrief, 09/02/2026, with Lauren Lawrence
Dealer Opsby Lauren LawrenceSeptember 2, 2026

Dealer Debrief: August Auto Sales

Gas-powered engines still dominate the U.S. vehicle market, but hybrids are gaining ground as consumers look for ways to cut their gas costs.

Read More →
red, black, and yellow car in a car dealership showroom, Growth Beyond Sales text box, Auto Dealer Today logo
Dealer Opsby Lauren LawrenceJuly 31, 2026

Dealership Profits Decline

While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.

Read More →
Ad Loading...
Auto Dealer Today, Dealer Debrief, 07/15/2026, with Lauren Lawrence
Dealer Opsby Lauren LawrenceJuly 15, 2026

Dealer Debrief: Defection Data & EV Updates

In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.

Read More →
Two professionals shake hands while exchanging a car key fob beside a vehicle, symbolizing a vehicle sale, lease agreement, or dealership transaction.
Dealer OpsJuly 8, 2026

How Defection Data is Bridging the Dealership Conversion Gap

Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.

Read More →
Auto Dealer Today, Dealer Debrief, 07/02/2026 with Lauren Lawrence
Dealer Opsby Lauren LawrenceJuly 2, 2026

Dealer Debrief: Where are you losing customers?

In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.

Read More →
Ad Loading...
Auto Dealer Today, Dealer Debrief, 06/25/2026, with Lauren Lawrence
Dealer Opsby Lauren LawrenceJune 26, 2026

Dealer Debrief: Improving Your Inventory Management

In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.

Read More →
group of people standing in a circle holding puzzle pieces together
Dealer OpsJune 1, 2026

Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins

A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.

Read More →
two cars on a billboard, No Hidden Fees
ComplianceMay 1, 2026

Dealer Ads and the FTC

The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.

Read More →
Ad Loading...
Closeup of white car's headlight, front end
Dealer Opsby Hannah MitchellApril 17, 2026

Used Autos Supply Dwindles

The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.

Read More →