News & Press

Portfolio Acquires Finance Concepts, LLC

June 30, 2017

Portfolio Group announced today that it has acquired a majority interest in Finance Concepts, LLC, one of its largest producing agencies headquartered in Folsom, California. Portfolio is owned by the company’s management and Capital Z Partners, a New York-based private equity firm. Terms of the transaction were not disclosed.

“We are very pleased to be adding one of the finest automotive finance and insurance agencies in the country to the Portfolio group of companies,” said President and Chief Executive Officer Brent Griggs. “Perry Montoya and Jeff Burnett have led Finance Concepts to exceptional growth since its founding in 2005 and we are delighted that they will continue that leadership as part of the Portfolio team.”

As a result of this transaction, Finance Concepts will have access to Portfolio’s significant resources to help accelerate their growth plan while Portfolio further strengthens its already excellent relationships with Finance Concepts and their large portfolio of dealer clients. No changes to the management of Finance Concepts are contemplated, as Portfolio’s investment is driven by their confidence in the current Finance Concepts leadership team.

Brad Cooper, Managing Partner of Capital Z, said about the transaction, “Our strategy for Portfolio combines continued strong organic growth with strategic acquisitions of successful agencies run by first class management whose business philosophy and approach are consistent with ours. Finance Concepts  meets each of these criteria and this acquisition significantly strengthens Portfolio’s distribution network.”

Based in Lake Forest, CA with operations in Dallas, TX, Portfolio is a leading independent provider of finance and insurance products and services to automotive dealers across the country with an emphasis on reinsurance management. The Company develops, sells and administers automotive dealer extended warranty programs including vehicle service contracts, GAP insurance and ancillary products.