Protective Asset Protection has officially completed its acquisition of Portfolio, uniting two of the auto, RV, powersports and marine industries’ leading F&I and reinsurance providers.

Protective Asset Protection is a division of Protective Life Corp., a U.S. subsidiary of Dai-ichi Life Holdings Inc. Protective purchased Portfolio Holding Inc. from Abry Partners, a private equity firm that had owned the company since 2019.

“By integrating Portfolio’s specialized expertise with Protective’s scale and capabilities, we are positioned to set the standard in our industry,” writes Protective Asset Protection President Scott Karchunas in a release. “Our dealer partners and their customers will benefit from enhanced technology, innovative products and best-in-class administration. This combination reinforces our market leadership and our ability to deliver experiences that drive dealer success and customer satisfaction.”

Read more at Protective Asset Protection