Assurant Expands Partnership with Holman Post Acquisition
Deal News | Aug 20, 2025 | Assurant Investment Management
Assurant, Inc., a leading global protection company, has expanded its partnership with Holman, a large privately-owned dealership group in the U.S., following Holman's acquisition of Leith Automotive Group in 2024. Assurant will support 30 newly acquired dealership locations with finance and insurance products, dealership sales and F&I training, and participation program guidance. The partnership between Assurant and Holman has been ongoing since 2016, driving significant improvements in F&I profitability. The new collaboration aims to maintain consistency and enhance performance across Holman's expanded dealership network, with early indicators showing an increase in profitability metrics such as PVR in North Carolina. Assurant Global Automotive has a rich history in the automotive sector, providing innovative solutions and safeguarding millions of motor vehicles across 19 countries. Meanwhile, Holman continues to uphold its values centered on community and customer service as it further solidifies its position as a leading family-owned automotive service organization.
Sectors
- Automotive Services
- Finance and Insurance (F&I)
- Corporate Acquisitions
Geography
- United States – Both Assurant and Holman have significant operations in the U.S., with Holman's acquisition involving dealerships in various U.S. states.
- North Carolina – The new dealerships acquired by Holman and benefiting from Assurant's services are located in North Carolina.
Industry
- Automotive Services – The industry involving sale, protection, and servicing of vehicles, applicable to Assurant's offerings for Holman's dealerships.
- Finance and Insurance (F&I) – Relevant to the partnership where Assurant provides finance and insurance products to Holman's dealerships.
- Corporate Acquisitions – Holman's acquisition of Leith Automotive Group is a significant corporate acquisition, impacting dealership operations and partnership with Assurant.
Financials
- $200 PVR – The increase in profitability per vehicle retailed at newly acquired Holman dealerships in North Carolina, supported by Assurant.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Assurant, Inc. | Partner | Company | A global protection company offering services to safeguard connected devices, homes, and automobiles. |
| Holman | Target Company | Company | A large privately-owned dealership group in the U.S. that acquired 30 dealerships from Leith Automotive Group. |
| Leith Automotive Group | Selling Company | Company | The company from which Holman acquired 30 dealerships in 2024. |
| Joe Amendola | VP, Business Development & Strategy | Person | An executive at Assurant Dealer Services involved in the expanded partnership with Holman. |
| Shelby Preble | National Director of Finance | Person | An executive at Holman overseeing the financial aspects of the dealership operations. |