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EFG Companies Wins Silver American Business Award for Delivering More Revenue to Powersports Dealers

Business

EFG Companies Wins Silver American Business Award for Delivering More Revenue to Powersports Dealers
Business

Business

EFG Companies Wins Silver American Business Award for Delivering More Revenue to Powersports Dealers

2026-04-25 03:00 Last Updated At:03:10

DALLAS--(BUSINESS WIRE)--Apr 24, 2026--

EFG Companies took home an American Business Award ® (ABAs) with a Silver for Achievement in Product Innovation in the 24 th annual Stevie ® Award-based competition. Recognizing the powersports industry’s groundbreaking Million Mile Limited Engine Protection Loyalty Program, this award reflects the company’s commitment to meeting client profitability goals while helping consumers avoid costly repairs. The ABAs recognize outstanding new products and services from public, private, for-profit, and non-profit companies operating in the USA. For more information, visitwww.efgcompanies.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260424463947/en/

Silver American Business Award for Achievement in Product Innovation

The SilverAward in Product Innovation recognizes the company’s development of the powersports Million Mile Limited Engine Protection Loyalty Program product, designed to address challenges facing both powersports dealers and consumers. A unique program in the powersports industry, the Million Mile Loyalty Program provides dealers with:

Consumers benefit from complimentary protection, shielding them from costly repairs to the most critical component of their vehicle – the engine. To date, EFG’s Powersports division has generated a 42% increase in year-over-year revenue, the majority of which is attributable to the launch of the Million Mile program. The increase is reflected both in the organic growth of existing client accounts and the rate of new account acquisition. EFG projects that its dealerships will increase unit sales by 11% and add approximately $325 in revenue per powersports vehicle sold.

Judges commented, “EFG Companies presents a compelling product innovation with the Million Mile Limited Engine Loyalty Program, clearly articulating its market need and dealer value proposition. The quantified results — 42% YOY revenue growth, 12 new dealership groups, and $325 incremental revenue per vehicle — are impressive.”

“This award validates what matters most to us — innovation that directly delivers measurable revenue for our dealer partners,” said Jennifer Rappaport, President and CEO of EFG Companies. “The Million Mile Loyalty Program was intentionally built to help powersports dealers grow back-end revenue, strengthen customer relationships, and boost repeat service traffic in a challenging economic environment. We’re honored to be recognized for a product that delivers real, bottom-line impact.”

2026 marks the third year to receive an American Business Award product award and the twelfth consecutive year the company has been recognized with multiple awards for national excellence. EFG has now received 15 Gold Stevie awards for the company’s dedication to setting the bar high in the consumer protection product industry for client engagement and overall customer experience.

About EFG Companies

For almost 50 years, EFG Companies has provided consumer protection programs for vehicles and residences across seven market channels. The company’s strategic intent is to build sustainable market differentiation and profitability for its clients and partners, including dealers, lenders, manufacturers, independent marketers, and agents. EFG’s award-winning engagement model is built upon the belief that the company serves as an extension of its clients’ management teams, providing ongoing F&I development, training, product development, compliance, and nationally recognized product administration with an ASE-certified claims team. Learn more about EFG at: www.efgcompanies.com

About the American Business Awards

Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, the American Business Awards ®, the International Business Awards ®, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, the new Stevie Awards for Technology Excellence, and the Stevie Awards for Women in Business. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. More than 1,000 professionals around the world participate in the Stevie Awards judging process each year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

EFG Companies took home an American Business Award® (ABAs) with a Silver for Achievement in Product Innovation in the 24th annual Stevie® Award-based competition. The award recognizes the powersports industry’s groundbreaking Million Mile Limited Engine Protection Loyalty Program, designed to address challenges facing both powersports dealers and consumers.

EFG Companies took home an American Business Award® (ABAs) with a Silver for Achievement in Product Innovation in the 24th annual Stevie® Award-based competition. The award recognizes the powersports industry’s groundbreaking Million Mile Limited Engine Protection Loyalty Program, designed to address challenges facing both powersports dealers and consumers.

ENID, Okla. (AP) — Families began cleaning up Friday after a powerful storm churned up at least one violent tornado that barreled through Oklahoma, damaging dozens of homes, throwing buildings off their foundations and stripping bark from trees.

However, despite the rubble left behind, no one was killed, and only minor injuries were reported. Many people waited out the storm inside cellars. Others heeded evacuation notices.

At least 40 homes were damaged, and light damage to a nearby Air Force base was reported. The most extensive destruction was in Enid, a city of about 50,000 people near the state's northern border in Garfield County, where a tornado was confirmed, according to the National Weather Service. Video showed a rapidly rotating column of air touching down along with totaled homes.

“Especially in Oklahoma, we have great meteorologists," said Justin Hunt of Enid, who headed to his parents' house amid news reports that the tornado was close and took shelter in their cellar.

Basements aren’t common in Oklahoma because of the red clay soil and elevated water tables that make it difficult and expensive to install them, but many homes have storm cellars or safe rooms with reinforced concrete walls where people can take cover during tornadoes.

He emerged afterward to what he described as "a disaster.”

“I’ve been down in that cellar probably 30 times in my life, and it’s never been — you come out and it’s happened,” he said, standing outside his parents’ one-story brick home that had windows smashed out, a garage door caved in and extensive damage to its roof.

Commercial buildings just south of the city were turned into a pile of twisted metal, splintered wood and insulation by powerful winds that pushed the buildings completely off the concrete foundations.

The tornado knocked down utility poles and left power lines wrapped with huge chunks of debris. A home had part of its metal roof torn off and trees were left stripped of bark and limbs.

Dave Lamerton of Enid spent Friday morning salvaging what was left of his son Joseph’s woodworking shop just south of the city, along with some family members and a group of volunteers who traveled from Kansas to help with cleanup.

“The tornado just swung right through here and just hit us directly,” Lamerton said, pointing to a giant mess of splintered wood beams, furniture, debris and heavy machinery that was pushed into a massive pile at the edge of the building’s foundation. “We’ve got stuff on the property we can’t even find."

One striking image from Thursday’s storms shows a tornado in the Enid area with a dark clouds of debris extending in V-shape on either side. That is typical of higher-end tornadoes, according to Mark Fox, the meteorologist in charge of the National Weather Service’s Norman office. It has such a violent motion as winds pick up dirt, debris and things like parts of people’s houses.

That kind of signature shows up once a tornado reaches the range of an EF-3 rating, or 136 to 165 mph (219 kph to 266 kph), but it has to be on the violent side with an EF-2 rating or higher, he said.

“If you start seeing things like this, you know it’s a violent tornado,” he said.

Neighboring counties also reported some flooded roads and barn damage. The National Weather Service office in Norman, Oklahoma, was sending two crews out Friday to do damage surveys related to six potential tornadoes in the Enid and Braman areas of north-central Oklahoma, meteorologist John Pike said.

In Enid, police and fire departments and the Oklahoma Highway Patrol conducted multiple home searches, rescuing some trapped residents, Mayor David Mason said Friday.

Mason said some of the worst damage happened in Gray Ridge, a neighborhood on the south side of the city, where homes were knocked down.

“The support from our community has been remarkable. Businesses have offered equipment and labor, residents have opened their doors, and supplies have poured in already,” Mason posted online. “This is who Enid is in challenging moments — we continue to show up for one another.”

Fences and some equipment were knocked down at nearby Vance Air Force Base, about 80 miles (129 kilometers) north of Oklahoma City. The base was closed until further notice “due to ongoing power and water restoration efforts,” it posted online Friday.

Everyone assigned to the base has been accounted for and no injuries were reported, 71st Flying Training Wing Public Affairs Chief Ashley D. Hendricks said in an email Friday.

“Please join me in praying for the Enid community, which has been severely impacted by tonight’s tornado,” Oklahoma Gov. Kevin Stitt posted on social media.

More storms are possible through Friday night across south-central and southeast Oklahoma, the weather service said. Strong to severe thunderstorms are expected to develop Saturday, including in the Enid area.

It was a stormy night in other states, too. In Kearney, Missouri, north of Kansas City, officials reported downed trees, debris blocking roadways and damage to homes on Thursday night after storms passed through the area. Officials said in a social media post that no injuries had been reported. Crews worked to make roads passable by early Friday and were expected to continue cleanup efforts during the day.

—-

Associated Press writers Kathy McCormack in Concord, New Hampshire, and Sarah Brumfield in Cockeysville, Maryland, contributed to this report.

Lightning lights up the sky behind a television tower as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Lightning lights up the sky behind a television tower as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Buildings lie in shreds in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

Buildings lie in shreds in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A man clears debris at a commercial woodworking shop in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A man clears debris at a commercial woodworking shop in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A view of a damaged home in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A view of a damaged home in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A view of a damaged home in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A view of a damaged home in Enid, Okla., Friday, April 24, 2026, in the aftermath of a tornado that barreled through Oklahoma Thursday. (AP Photo/Alonzo Adams)

A man walks in the rain as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

A man walks in the rain as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

People walk in the rain as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

People walk in the rain as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Lightning is reflected in the glass exterior of an apartment building as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Lightning is reflected in the glass exterior of an apartment building as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Lightning lights up the sky behind an AT&T building as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

Lightning lights up the sky behind an AT&T building as a thunderstorm moves through the area Thursday, April 23, 2026, in Kansas City, Mo. (AP Photo/Charlie Riedel)

In this image taken from video from KWTV/KOTV, a tornado crosses a highway in Enid, Okla., Thursday, April 23, 2026. (KWTV/KOTV via AP)

In this image taken from video from KWTV/KOTV, a tornado crosses a highway in Enid, Okla., Thursday, April 23, 2026. (KWTV/KOTV via AP)

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