Protective Life Corporation, with headquarters in Birmingham, has completed its acquisition of AUL Corp., an automotive finance and insurance provider.
“Growth through acquisitions continues to be an important part of Protective’s success story; however, it’s important for us to find the right companies for our business model and culture,” said Rich Bielen, president and CEO of Protective. “AUL’s shared values, reputation for great customer and dealer service, and commitment to serving the community made it an excellent fit. I could not be more proud to have this team as part of Protective’s Asset Protection Division.”
Founded in 1990, AUL, according to Protective, is a pioneer in the used car service contract industry.
“AUL’s reputation as an industry leader in the high-mileage car space was built by a talented team that we are excited to welcome as part of the Protective family,” said Scott Karchunas, president of Protective Asset Protection. “We look forward to becoming an even stronger organization by leveraging the experience and strengths of both companies and teams under the Protective brand.”
This is Protective’s 59th acquisition overall and its sixth since becoming a part of Dai-ichi Life Holdings in 2015.