Simpson Thacher is representing funds advised by Apax Partners LLP (“Apax”) in connection with its definitive agreement to sell Oncourse Home Solutions (“Oncourse”), a leading national provider of home infrastructure warranties, to Genstar Capital. The transaction is expected to close in Q4 2026, subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed.
Founded in 1992, Oncourse protects the critical home infrastructure that homeowners rely on, including water, sewer, gas and electric lines, in-home plumbing, and home systems and appliances. Oncourse serves more than two million customers across 48 states, reaching homeowners through exclusive affinity partnerships and a growing direct-to-consumer channel.
Apax is a global private equity advisory firm investing in mid-market businesses across the Technology, Services and Internet/Consumer sectors.
The Simpson Thacher team includes Ryerson Symons, Ben Schaye, Keegan Lopez, Jacob Kornman, Cherie Chen, Itai Barsade and Angeli Jocson (M&A); Sophie Staples, Ed Grais, Andrew Wasilick and Roberto Arza (Tax); Andrew Blau, Jana Hymowitz and Guanxiong Xu (Executive Compensation & Employee Benefits); Adam Moss and Niels Jensen (Credit); Ron Ben-Yehuda, Christina Breitbeil and Priscilla Kim (IP/Privacy); Dennis Loiacono (Real Estate); Mike Isby (Environmental); Ryan Stalnaker, Christine Tillema and Olenka Burghardt (Regulatory); Sara Razi and Nicholas Ingros (Antitrust); Steven DeLott (Insurance); and Mick Tuesley, Jennifer Ho and Noah Sissoko (FDI).