Portfolio Acquires Finance Concepts
Portfolio has agreed to acquire one of its largest-producing agencies, Finance Concepts of Folsom, Calif., where Perry Montoya and Jeff Burnett will remain as principals.
Capital Z Acquires Portfolio From Frontenac
Executives say a period of strong growth preceded Capital Z Partners Management's acquisition of Portfolio from Frontenac Co., which had served as the reinsurance and F&I products provider's principal investor since 2013.