Houlihan Lokey Advises National Automotive Experts/NWAN

Houlihan Lokey is pleased to announce that National Automotive Experts/NWAN (NAE/NWAN) has been acquired by Portfolio Holding, Inc. (Portfolio Group), a portfolio company of Abry Partners (Abry). The transaction closed on June 30, 2020.

Strongsville, Ohio–based National Automotive Experts and its administration company, NWAN, offer leading-edge protection products and specialized service and support to dealers and agents nationwide.

Portfolio Group is a national provider of finance and insurance (F&I) products and dealer reinsurance programs. Founded in 1989 and based in Dallas and Lake Forest, California, Portfolio has earned national recognition as a leading dealership and agency partner.

Since its founding in 1989, Abry has focused on media, communications, business, and information services investing in North America and Europe. Abry acquired a majority stake in Portfolio Group from Capital Z Partners in December 2019. Abry targets investments from $20 million to $200 million and is headquartered in Boston, Massachusetts.

Houlihan Lokey served as the exclusive financial advisor to NAE/NWAN and assisted in structuring and negotiating the transaction. The transaction highlights Houlihan Lokey’s continued position as the leading advisor to the F&I industry.