Frontenac Company, a Chicago-headquartered PE firm, has completed a majority recapitalization of Portfolio Group, a financial services provider to automobile dealerships. Founded in 1990 and based in Irvine, CA, Portfolio manages all facets of auto dealers' aftermarket, extended warranty and vehicle service contract programs, including establishing and administering dealer-owned risk transfer and reinsurance companies. The added capital will enable Portfolio to accelerate marketing efforts and enhance operational efficiencies.
