Protective Life to acquire Abry Partners’ portfolio company

Core Insights - Abry Partners' portfolio company, Portfolio Holding, Inc., is set to be acquired by Protective Life Insurance Company, a subsidiary of Dai-ichi Life Holdings, Inc. [1] - The acquisition is anticipated to close in Q4 2025 or Q1 2026 [3] Company Overview - Portfolio Holding, founded in 1990 and based in Lake Forest, California, specializes in reinsurance management services and finance and insurance (F&I) products for dealers across the U.S. [3] - The company employs approximately 450 staff and has a national distribution network, serving millions of customers with vehicle service contracts, GAP coverage, and various ancillary products [3] Financial Performance - Since Abry Partners' investment in 2019, Portfolio has more than tripled its revenue through organic growth and strategic acquisitions, completing 17 acquisitions of F&I administrators and agents [4] - The partnership with Abry has been described as transformational, enhancing Portfolio's operational capabilities and product offerings [4][5] Strategic Vision - Abry Partners views Portfolio as a market leader in dealer wealth and reinsurance solutions, with plans to further scale the business through strategic acquisitions and technology investments [5] - The acquisition by Protective Life is expected to unlock greater growth opportunities for Portfolio, enhancing its service offerings for dealers and agents [5]