Birmingham, Ala.-based Protective Life Corp., a wholly owned U.S. subsidiary of Dai-ichi Life Holdings Ic., has announced it has reached an agreement to acquire the Revolos family of companies.
“Protective’s Asset Protection Division is an important – and growing – part of our business,” said Rich Bielen, president and CEO of Protective. “As we continue to navigate the uncertain situation posed by COVID-19, we remain focused on serving more customers. This transaction aligns well with our plans to build on our strong foundation and protect more people in the future by growing both organically and through acquisitions.”
“Protective is a well-known, respected and leading provider of finance and insurance (F&I) solutions to the markets we serve,” said Rich Holland, CEO, Revolos. “Becoming part of the Protective family is an exciting step on our company’s journey, and we look forward to the benefits this opportunity will provide our team members, partners and customers.”
When closed, this transaction will represent Protective’s 58th acquisition. It will be the fifth transaction completed since Protective became part of Dai-ichi Holdings in 2015.
The closing of the acquisition is expected to occur in the first quarter 2021.