Protective has agreed to purchase Portfolio, combining two of the nation’s leading F&I and reinsurance providers and adding to a string of major acquisitions that includes AUL, Revolos and U.S. Warranty. +
TrueCar co-founder Scott Painter will return to the CEO position he left in 2015 after leading an effort to acquire the company in a $227 million deal with Fair Holdings Inc. +
Fifth Third Bancorp will acquire Comerica Inc. in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. +
APCO Holdings has acquired Lawley Automotive Dealer Solutions, an agency that was founded in 1984 and serves 200-plus clients from its Western New York headquarters. +
Sonic Automotive has become the nation’s largest-volume Jaguar Land Rover retailer with the acquisition of four California dealerships from US Auto Trust. +
Asbury Automotive has sold its Larry H. Miller Ford, Chevrolet and CJDR stores in Provo, Utah, to Salt Lake Valley Auto Group, adding to its divestiture of the group it acquired in 2021. +
Houston’s Vaughan Automotive has acquired the former Larry H. Miller Toyota of Lemon Grove, expanding into the Golden State as Asbury Automotive parts with its last California store. +
Arra Finance has agreed to acquire Crescent Bank’s automotive division, quadrupling origination volume and adding about 180 employees, $1 billion in assets and $815 million in existing auto loans. +
Lithia Motors has acquired Mercedes-Benz of Jackson (Miss.) and Mercedes-Benz of Collier (Tenn.) from the Higginbotham family in a deal brokered by the Presidio Group. +
Hendrick Automotive Group will return to Columbia, S.C., with the purchase of Love Chevrolet and Love GMC from Love Automotive, which exits the market after 60 years. +
