Assurant, a global insurance provider that furnishes finance-and-insurance products for the automotive industry, has acquired F&I product and training company American Financial & Automotive Services in a $ 158 million deal. The move further consolidates the F&I product industry, which has seen notable merger and acquisition activity in the past …
Read More »Portfolio acquires competitor in latest consolidation of F&I product industry
F&I product and reinsurance provider Portfolio Holdings has agreed to acquire competitor National Automotive Experts/NWAN. Combined, the company will rank among the top 10 largest F&I product providers in the nation, executives said. The acquisition continues an ongoing trend of F&I product company consolidation. Portfolio CEO Brent Griggs said the …
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