NEWS RELEASES
Equity Firm Acquires Corporation Set On Expanding Automotive Space Footprint
Editor's Note: This news item was retrieved and first published through RVDA's website.
LAKE FOREST, Calif. - Abry Partners agrees to acquire Portfolio Holding, Inc. from Capital Z Partners. Abry Partners (“Abry”), a Boston-based private equity firm. Portfolio is a leading independent provider of finance and insurance products and services to automotive dealers across the country.
The Portfolio team is focused on expanding our footprint nationally in the automotive space and we have begun to leverage our reinsurance and administrative expertise in other markets as we pursue new opportunities to build the business. As stated in a press release, Brent Stone, a senior Partner at Abry, said: “We have been impressed by Portfolio’s growth with consistent profitability over the years in a very competitive industry, as well as the quality of their home office and sales leadership in the field."
Read more about the acquisition at the National RV Dealers Association's website.