Abry Partners to Acquire Portfolio Holding From Capital Z Partners

Protective Life Corporation Acquires Portfolio Holding, Inc.

January 5, 2026

Financial Services

Protective Life Corporation (a U.S. subsidiary of Dai-ichi Life Holdings) completed its acquisition of Portfolio Holding, Inc. and its subsidiaries from Abry Partners. The deal combines Protective’s finance and insurance capabilities with Portfolio’s dealer wealth programs and reinsurance management for automotive, RV, powersports and marine dealers.

Advisor Group Acquires American Portfolios Financial Services, Inc.

June 22, 2022

Financial Services

Advisor Group announced a definitive agreement to acquire American Portfolios Financial Services, Inc., a full-service independent broker-dealer headquartered in Holbrook, New York. The firm — which supports more than 850 financial professionals across nearly 400 branches and manages about $40 billion in client assets — will remain branded and operationally independent; Lon T. Dolber will join Advisor Group as Vice Chairman. The deal, backed by Reverence Capital Partners, is subject to FINRA and other regulatory approvals and expands Advisor Group's network and capabilities for its financial professionals.

CI Financial Acquires Portola Partners

September 14, 2021

Wealth Management

CI Financial Corp. has acquired Portola Partners Group LLC, a Menlo Park-based wealth management firm managing US$5.2 billion focused on ultra-high-net-worth families, founders and executives. The deal expands CI's presence in the San Francisco Bay Area and strengthens its ultra-high-net-worth capabilities within CI Private Wealth; financial terms were not disclosed.

Abry Partners Acquires High Street Insurance Partners from Huron Capital

April 16, 2021

Insurance

Abry Partners, a Boston-based private equity firm, acquired High Street Insurance Partners (HSIP), a Traverse City, Michigan-based insurance brokerage, from Huron Capital. HSIP management and agency partners will retain large stakes and Huron will maintain a minority interest as Abry supports HSIP's add-on acquisition strategy to accelerate growth.

Abry Partners Acquires Majority Stake in Franklin Energy Group from Kohlberg & Company

August 1, 2019

Energy

Abry Partners, a Boston-based private equity firm, will purchase majority ownership of Franklin Energy Group from Kohlberg & Company and other stockholders. Franklin Energy, headquartered in Port Washington, Wisconsin, is a vertically integrated provider of demand-side management, energy efficiency program implementation, product fulfillment and customer engagement software for utilities; Abry said it will support the company's continued growth and capability expansion.

Capital Z Acquires Portfolio Group from Frontenac

June 1, 2016

Insurance

New York-based private equity firm Capital Z Partners Management, LLC acquired Portfolio Group, Inc., a Lake Forest, California–based provider of vehicle service contracts, GAP insurance and other F&I products, from Frontenac Company, LLC. Management will remain in place with significant ownership; terms were not disclosed.